The Board of Wison Engineering Services Co. Ltd. announced that the group is expected to record a profit after tax for the six months ended June 30, 2014 as compared to a loss after tax for the financial year ended December 31, 2013 based on a preliminary assessment of the unaudited consolidated management accounts of the group for the six months ended June 30, 2014. Such turnaround is primarily due to upward adjustments up to June 30, 2014 of approximately RMB 16 million, representing approximately 5% of the original contract amounts, being made to the total contract amounts of certain projects after negotiations with the owners during the first half of 2014, and the effects from such upward adjustments to the total contract amounts on revenue being recognized during the six months ended June 30, 2014; and the increase in sales income from projects for the first half of 2014 as compared to the corresponding period in 2013.

Meanwhile, with the on-going projects progressing and the Company's strengthened control on overall costs of the projects, the Company has updated the overall budgets of certain projects and recognized its effect during the first half of 2014.