The Board of directors of Peace Map Holding Limited informed the shareholders of the company and potential investors that based on the preliminary review by the company's management on the unaudited management accounts of the group, it is expected that the consolidated results of the group may record a significant loss for the nine months ended 31 December 2013, mainly due to (i) the recognition of an impairment loss on the valuation of the mining rights of the coal mine operated by Tugrugnuuriin Energy LLC. The impairment loss will be subject to the results of valuation of the rights of the TNE Mine; (ii) the imputed interest expenses in respect of outstanding convertible notes; (iii) fair value loss on financial instruments; and (iv) loss on disposal of a subsidiary.