The Board of China Smartpay Group Holdings Limited announced the shareholders of the company and potential investors that based on the unaudited financial statements of the Group and information currently available, the Group is expected to record a loss for the year ended March 31, 2014 against a profit recorded for the year ended March 31, 2013. In addition, the Group is expected to record a substantial loss attributable to the equity holders of the company for the year ended March 31, 2014. The information contained in this announcement is only based on the preliminary assessment by the management of the company on the unaudited consolidated management accounts of the Group for the year ended March 31, 2014 and is not based on any figure or information which has been audited or reviewed by the company's auditors.