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 December 31, 2012, the group is expected to record a net loss for fiscal year 2012. This was mainly attributable to: losses arising from its newly started joint venture entity in Hong Kong; and Losses arising from its wholly-owned subsidiary in Malaysia due to a decrease in retail revenue as a result of the general slowdown and uncertainties in the global economy, coupled with higher selling and distribution expenses. The group's operations in Singapore are expected to remain profitable in fiscal year 2012, despite general market conditions continuing to be challenging.