Texhong Textile Group Ltd. provided earnings guidance for the nine months ended September 30, 2014. For the period, the company announced to record a substantial decline in the earnings of the Group for the year ending 31 December 2014 as compared with that for the year ended 31 December 2013. The decline in the earnings of the Group would mainly be attributable to (i) the weak yarn selling prices of the Group in the PRC market for the nine months ended 30 September 2014 as compared with Last Year; (ii) exchange loss for the nine months ended 30 September 2014 as a result of the depreciation of Renminbi against the USD as compared to an exchange gain of approximately RMB 80 million for the Last Year; and (iii) the one-off gain of approximately RMB265 million as a result of the acquisition of interest in a company during Last Year, which such gain is not available for the Year.