The board of directors of the Novo Group Ltd. announced that the shareholders of the company and potential investors that the Group expects to record an increase of loss for the nine months ended January 31, 2014 as compared to that for 2013. The loss is mainly attributable to the cost increased following the commencement of test run of the Group's tinplate manufacturing plant in Jiangsu and tinplate processing plant in Tianjin and the decrease in the profits of the Group's trading business caused by unfavorable market conditions.