The board of directors of Shenguan Holdings (Group) Ltd. informed the shareholders of the company and potential investors that based on the preliminary assessment by the Board of the unaudited consolidated management accounts of the Group and the information currently available to the Board, the Group is expected to record a decrease of approximately 20%-30% in its net profit for the year ended 31 December 2014 as compared to that for the year ended 31 December 2013.