The board of directors of U Banquet Group Holding Limited informed the shareholders of the company and potential investors that based on the information currently available to the board, the group is expected to record a profit attributable to shareholders for the nine months ended 30 September 2014 as compared to a loss attributable to shareholders for the corresponding period in 2013. The board considers that the increase in profit attributable to shareholders for the nine months ended 30 September 2014 was mainly due to the following reasons that: (i) increase in revenue from Chinese restaurants operations of approximately HKD 36.5 million when compare to the corresponding period in 2013; (ii) no listing expenses was incurred during the nine months ended 30 September 2014 against HKD 8.1 million for the nine months ended 30 September 2013; and (iii) receipt of approximately HKD 0.44 million for the nine months ended 30 September 2014 from a franchisee pursuant to a franchise agreement against HKD Nil for the nine months ended 30 September 2013.