Champion Technology Holdings Ltd. reported that based on the latest review of the unaudited consolidated accounts of the company and its subsidiaries for the year ended June 30, 2014, the group is expected to record a significant drop in profit as compared with the profit in 2013. The decline in profit is primarily attributable to the proposed provision charge in view of the slowdown in business growth experienced by the group in recent months, and also a delay in the development of certain technology projects undertaken by the group which in turn led to a decline in the expected demands from potential customers.