China Kangda Food Company Limited provided earnings guidance for the year ended December 31, 2014. The group is expected to record a significant decrease in net profit or a loss for the year ended 31 December 2014 compared to a net profit for the year ended 31 December 2013. The expected decline in the unaudited net profit or a loss for the group is mainly attributable to the impairment loss on goodwill acquired and the written off of values of remaining property, plant and equipment of the subsidiary, Qingdao Pu De Food Company Limited.

Management has decided to discontinue the loss-making business operations of Pu De.