The board of directors of China Qinfa Group Limited informed the shareholders of the company and potential investors that, based on the information currently available to the company and the preliminary review on the Group's unaudited consolidated management accounts for the six months ended 30 June 2015, the Group expects that the revenue may significantly decrease and the loss attributable to equity holders of the company for the six months ended 30 June 2015 may be significantly higher than that for the six months ended 30 June 2014. Based on the relevant information currently available to the company, the Board considers that the decrease in revenue and corresponding increase in loss are primarily attributable to the continuing downturn of coal market, substantial decline in the price of coal and the decrease in the average selling price of coal of the Group caused by various factors such as slowdown in the macroeconomic growth and sluggish demand growth from downstream industries.