Peace Map Holding Limited provided consolidated earnings guidance for the six months ended 30 June 2014. The board expected that the consolidated results of the Group may record a significant loss for the six months ended 30 June 2014, mainly due to (i) the recognition of an impairment loss on the valuation on equity interest in Tugrugnuuriin Energy LLC, an indirect wholly-owned subsidiary of the company, in Tugrug Valley, Mongolia; (ii) the imputed interest expenses in respect of outstanding convertible notes of approximately HKD 42.4 million; and (iii) amortisation of intangible assets of approximately HKD 32.2 million.