Victory Group Limited provided consolidated earnings guidance for the full year ended December 31, 2013. Based on the information currently available and the preliminary review of the consolidated management accounts of the Group for the year ended December 31, 2013, the company expected to record a significant deterioration in the operating results of the group for the year ended December 31, 2013 as compared with the profit in the annual results for the year ended December 31, 2012, which is mainly attributable to the slow recovery of the global economic environment; the implementation of limited license order in China during the current interim period; and the slowdown of the economic growth of China and gain on bargain purchase on acquisition of Jumbo Chance Holdings Limited in last year.