The board of directors of Lerado Group (Holding) Company Limited announced to the shareholders of the company and potential investors of the company that, based on the information currently available, the consolidated profit of the Group for the second half of the financial year ending December 31, 2013 is expected to record a significant decline when compared with the same period last year. Accordingly, the consolidated profit of the company for the financial year ended December 31, 2013 is also expected to record a decline as compared with the results of the company for 2012. Such decline was primarily due to the increase in staff and labour costs, continuous appreciation of the Renminbi and the decrease in sales orders as compared to the same period last year.