Chanco International Group Ltd. provided earnings guidance for the year ending March 31, 2014. The board of directors of the company informed the shareholders of the company and potential investors that the loss of the Group for the year ending 31 March 2014 is expected to have a significant increase as compared to the year ended 31 March 2013. Based on the latest information available, the expected increase in loss was mainly due to the reduction of orders from overseas customers and rising production costs in the PRC.

Apart from the manufacturing business, the increase in loss was also due to the decrease of retail sales as a result of increasing market competition and continuing slowdown in the retail market.