Kingwell Group Limited — Earnings Release 2015

Feb 9, 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [77 x 75] intentionally omitted <==

GUOCANG GROUP LIMITED 國 藏 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability) (Stock Code: 559)

PROFIT WARNING

This announcement is made by the Company pursuant to Part XIVA of the SFO and Rule 13.09 of the Listing Rules.

The Board wishes to inform the Shareholders and potential investors that the Group is expected to record a net loss for the six months ended 31 December 2014 as compared to a net profit for the corresponding period of 2013. The loss was mainly attributable to (i) the substantial decrease of turnover by approximately HK$100 million and gross profit margin of liquor and wine business as compared to the corresponding period of 2013 and (ii) loss on fair value change of listed securities investments of approximately HK$66 million, which were partly offset by the gain on disposal of subsidiaries of approximately HK$43 million.

The information contained in this announcement is only based on the management’s preliminary assessment of the draft consolidated management accounts of the Group for the six months ended 31 December 2014, which have not been finalised nor reviewed by the Company’s audit committee.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by Guocang Group Limited (the ‘‘Company’’, together with its subsidiaries as the ‘‘Group’’) pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ‘‘SFO’’) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’).

– 1 –

The board (the ‘‘Board’’) of directors the (‘‘Directors’’) of the Company wishes to inform the shareholders of the Company (the ‘‘Shareholders’’) and potential investors that the Group is expected to record a net loss for the six months ended 31 December 2014 as compared to a net profit for the corresponding period of 2013. The loss was mainly attributable to (i) the substantial decrease of turnover by approximately HK$100 million and gross profit margin of liquor and wine business as compared to the corresponding period of 2013 and (ii) loss on fair value change of listed securities investments of approximately HK$66 million, which were partly offset by the gain on disposal of subsidiaries of approximately HK$43 million.

The information contained in this announcement is only based on the management’s preliminary assessment of the draft consolidated management accounts of the Group for the six months ended 31 December 2014, which have not been finalised nor reviewed by the Company’s audit committee. Details of the Group’s results for the six months ended 31 December 2014 are expected to be announced at the end of February 2015.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board Guocang Group Limited Wong Hin Shek Chairman and Executive Director

Hong Kong, 9 February 2015

As at the date of this announcement, the executive Directors are Mr. Wong Hin Shek and Mr. Chi Chi Hung, Kenneth; and the independent non-executive Directors are Mr. Chiu Wai On, Mr. Man Kwok Leung and Dr. Wong Yun Kuen.

– 2 –