The board of directors of Silver Base Group Holdings Limited informed the shareholders of the company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the company, the group is expected to record a loss for the year ended 31 March 2014. The expected loss for the group was mainly attributable to: (i) China's economic slowdown; and (ii) significant changes in the conditions of the baijiu () market in China for the company's popular products and their prices. Although the market condition has become more stable and the Group has actively adjusted its product structure, more time is needed before the effect of the company's efforts will emerge.