Century Ginwa Retail Holdings Limited provided earnings guidance for the year ended December 31, 2014. Profit from operations of the company for the year ended December 31, 2014 is expected to record a decline by approximately 31% as compared with that for the year ended December 31, 2013. The Board believes that the decline is due to a drop in turnover of approximately 7%.

The decrease in turnover was attributable to the slowdown in the retail market in the PRC.