The board of directors of Junefield Department Store Group Limited announced to inform the shareholders of the company and potential investors that, the audited final results of the Group for the year ended December 31, 2013 are expected to record a significant decline in the net profit as compared to the corresponding period in 2012 mainly due to: unrealised valuation losses in respect of the Group's trading securities and reclassification of the Group's available-for-sale investment to associate in view of the volatile market conditions; an impairment loss on investment in associate; and significant uncertainty surrounding the completion of annual audit procedures in respect of the 49%-owned joint venture due to the ongoing litigation with the joint venture partner.