The board of directors of Kitchen Culture Holdings Ltd. announced that following a preliminary review of the unaudited financial results of the Group for the financial year ended 31 December 2015, the Group is expected to record a net loss for fiscal year 2015. This was mainly attributable to: losses arising from its wholly-owned subsidiary in Singapore, KHL Marketing Asia-Pacific Pte Ltd, due to lower revenue recognised from projects and higher operating costs; and losses arising from its wholly-owned subsidiaries: in Malaysia, Kitchen Culture Sdn. Bhd., in respect of exchange losses which was mainly due to weaker currency exchange rates; and in China, Kitchen Culture (Sichuan) Co.

Ltd, due to relatively weak retail sales and higher operating costs.