Peace Map Holding Limited provided earnings guidance for the six months ended 30 June 2015. The company announced that based on the preliminary review by the company's management on the unaudited consolidated management accounts of the Group, it is expected that the consolidated results of the Group may record a loss of approximately HKD 2 million for the six months ended 30 June 2015. As compared to the loss of approximately HKD 99 million reported for the corresponding period in 2014, the estimated loss is likely to have been reduced by 98%. The significant reduction of potential loss is likely to have resulted from a fair value gain on the derivative component of convertible notes of approximately HKD 64 million; and no impairment loss on mining license of Tugrugnuuriin Energy LLC, an indirect wholly-owned
subsidiary of the Company, in Tugrug Valley, Mongolia.