The board of directors of Lianhua Supermarket Holdings Co. Ltd. announced that the group's net profit for the year ended December 31, 2013 is expected to significantly decrease as compared to that of the year ended December 31, 2012. Such decrease in net profit is mainly attributable to the slowdown of the economic growth of the People's Republic of China, the intense competition in the retail industry in which the group operates and the rigid increase in costs and expenses.