Xiao Nan Guo Restaurants Holdings Limited provided earnings guidance for the year ended December 31, 2013. The Board announced the shareholders of the company and potential investors that, after conducting a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2013, the Group is expected to record a significant decline in consolidated net profit attributable to shareholders as compared to that for the corresponding period in 2012. 2012.

The expected decline is mainly attributable to the decline in the Group's sales revenue led by the Chinese government's initiatives to crack down on expenditures for entertainment and catering purposes; closure of certain restaurants which triggered asset write off and one-off expenses.