The board of directors of China Resources Enterprise Ltd. informed the shareholders of the company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the group for the year ended 31 December 2014 and the information currently available to the board, the Group is expected to record consolidated loss and underlying consolidated loss (excluding the after-tax effect of asset revaluation and major disposals) for the financial year ended 31 December 2014. The expected decrease in the consolidated profit and consolidated underlying profit of the group as compared to financial year ended 31 December 2013 is mainly attributable to the group's retail segment.