Chinese Food and Beverage Group Limited provided earnings guidance for the three months ended July 31, 2013. Group is expected to record a profit for the three months ended 31 July 2013 as compared to loss in the corresponding period in 2012. The profit is mainly attributable to increase in revenue, increase in gross profit, gain on the change in fair value of convertible instruments designated as financial assets at fair value through profit or loss and gain on the change in fair value of held-for-trading investments.