Baofeng Modern International Holdings Company Limited reported sales results for the six months ended June 30, 2014. For the quarter, the company reported total sales of RMB 93,228,000 against RMB 561,628,000 a year ago.

The Group is expected to record a substantial loss for the six months ended June 30, 2014 as compared with the profit recorded by the Group for the corresponding period in 2013. Such substantial loss is primarily attributable to the substantial decrease of turnover for the six months ended June 30, 2014 as compared with the corresponding period in 2013.