The board of directors of Juda International Holdings Limited announced that based on information currently available in the unaudited management accounts of the Group, it is expected that the financial results of the Group for the six months ended September 30, 2013 may experience a substantial decrease in net profit as compared to that of the corresponding period ended September 30, 2012. Such estimated decrease was primarily attributable to a decline in gross profit margin for the six months ended September 30, 2013 as a result of the increase in the average purchase cost of the major raw materials purchased by the company.