RUYAN GROUP (HKG:0329) issued profit warning

RUYAN GROUP (HKG:0329) issued profit warning and expected that the unaudited consolidated results of the Group for the year ended 31 December 2009 will record a loss.
 
The loss is mainly attributable to written-off of accounts receivable and obsolete inventories due to the slowdown in sales of the Group's electronic cigarette and pharmaceutical businesses;and impairment loss to other related assets.