The board of directors CITIC Resources Holdings Ltd. informed shareholders of the company and potential investors that, based on information currently available, the Board expects the Group's financial performance for the year ending 31 December 2014 to be adversely affected by (i) the recent decline in oil prices which will impact, and result in lower margins from, the Group's oil business and investments if they should remain at current prices or decline further; (ii) the continued decline in coal prices which will impact, and result in lower margins from, the Group's coal business and investments if they should remain at current prices or decline further; and (iii) a poor operating performance by the Group's import and export of commodities business conducted through CITIC Australia Trading Pty Limited ("CATL") and its subsidiaries for the three months ended 30 September 2014 and which the Board expects is likely to continue through to the end of 2014 and potentially beyond.