China Foods Limited provided consolidated earnings guidance for the year ended December 31, 2015. The annual results of the group is expected to record a consolidated net profit attributable to the owners of the parent in an amount between HKD 60 million and HKD 90 million compared to a consolidated net loss attributable to the owners of the parent of approximately HKD 225 million for the year ended 31 December 2014. The Expected Turnaround for the full year was mainly attributable to a continuous improvement in the overall operating efficiency of the Group.

As a result, a consolidated net loss attributable to the owners of the parent recorded in the second half of 2015 was significantly reduced compared to that for the corresponding period of 2014, but failed to turn into a profit.