Peace Map Holding Limited provided earnings guidance for the year ended 31 December 2014. The group expects that the consolidated results of the group may continue to record a significant loss, mainly due to the recognition of an impairment loss on the valuation of the mining rights of the coal mine operated by Tugrugnuuriin Energy LLC, an indirect wholly-owned subsidiary of the company, in Tugrug Valley, Mongolia of approximately HKD 133 million; the imputed interest expenses in respect of outstanding convertible notes of approximately HKD 81 million; the recognition of share based payment expenses of approximately HKD 31 million due to the grant of share options of the company on 26 September 2014; and operating loss on the geographic information system business of the group in the year of 2014 primarily due to the amortization of certain intangible assets of approximately HKD 65 million, impairment loss of trade and other receivables, delay in progress of certain geographic information system projects and increase in operating cost in this business.