Code Agriculture (Holdings) Limited provided group earnings guidance for the first quarter ended June 30, 2013. Based on a preliminary review of the unaudited consolidated management accounts of the group, the board of directors of the company announced that the group is expected to record a significant decrease in net profit for the quarter ended June 30, 2013 as compared with corresponding period in 2012. The board considers that the significant decrease in net profit was mainly due to significant decrease of approximately 45% in revenue that derived from the group's tobacco agriculture operation in the mainland China as compared with the corresponding period in 2012.