Chevalier International Holdings Ltd. provided earnings guidance for the year ended March 31, 2015. For the period, the company expected the gain generated after Completion, offsetting by an impairment loss recognized in respect of the available-for-sale investment in fresh produce supply business in Australia as a result of the unsatisfactory business performance and weakening of Australian dollar, amounted to a net increase of approximately HKD 1,000 million. This leads to a substantial increase in its profit attributable to equity holders of the Company for the year ended March 31, 2015 as compared to the year ended March 31, 2014.

The recognition of the impairment on the carrying amount of the available-for-sale investment is non-cash in nature. It is expected that this recognition of the impairment would not have any direct material impact on the cash flow or operation of the Group.