The board of directors of Baguio Green Group Limited announced that, based on the Board's preliminary review of the unaudited consolidated management accounts of the group for the period from January 1, 2014 to June 30, 2014, it is expected that the group may record a significant decline in profit for the six months ended June 30, 2014 as compared to the corresponding period in 2013. The decline was primarily attributable to the non-recurring expenses in connection with the listing of the company. If the non-recurring listing expenses are not taken into account, it is expected that the group would record a profit which is at similar level as compared to the same period last year.