UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of ~~July~~October, 2014

Commission File Number: 001-35031

Zuoan Fashion Limited

(Exact name of registrant as specified in its charter)

Building 1, Lane 618

Dingyuan Road, Songjiang District

Shanghai 201616, China

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F £

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Zuoan Fashion Limited

TABLE OF CONTENTS

Item

1	Press release

Item 1

Zuoan Fashion Limited Announces

~~First~~Second Quarter 2014 Financial Results

~ ~~Company~~ Meets ~~1Q14~~Second Quarter Revenue and Gross Margin Guidance ~

~~Shanghai,~~ ~ ~~China,~~Beats ~~July~~2Q13 ~~29,~~Net ~~2014~~Income –and ~~Zuoan~~EPS ~~Fashion~~Guidance Limited (NYSE: ZA) (“Zuoan” or the “Company”), a leading design-driven fashion casual menswear company in China, today announced its financial results for the first quarter ended March 31, 2014.~

~~First Quarter 2014 Financial Highlights~~~

·Shanghai, ~~Revenues~~China, inOctober ~~the~~9, ~~first~~2014 ~~quarter~~– ofZuoan ~~2014~~Fashion ~~were~~Limited ~~RMB189.2~~(NYSE: ~~million~~ZA) (~~$30.4~~“Zuoan” ~~million~~or the “Company”), a ~~decrease~~leading ofdesign-driven ~~36.1%~~fashion ~~from~~casual ~~RMB296.3~~menswear ~~million~~company in China, today announced its financial results for the ~~same~~second quarter ofended ~~2013~~June 30, 2014.

·Second ~~Gross~~Quarter ~~profit~~2014 inFinancial ~~the first quarter decreased 44.2% year over year to RMB75.5 million ($12.1 million) from RMB135.5 million in the same quarter of 2013.~~Highlights

· ~~Gross~~Revenues ~~margin~~in ~~was~~the second quarter of 2014 were RMB245.7 million ($39.9%6 ~~compared~~million), toa 45decrease of 22.76% from RMB317.6 million in the ~~prior~~same ~~year~~quarter ~~period~~of 2013.

· ~~Net~~Gross ~~income~~profit ~~was~~in ~~RMB27~~the second quarter decreased 47.94% year over year to RMB73.8 million ($411.59 million), ~~a decrease of 62.2%~~ from ~~RMB73~~RMB140.81 million in the same quarter of 2013.

· ~~Diluted~~Gross ~~earnings~~margin ~~per ordinary share~~ was ~~RMB0~~30.~~25 ($~~0~~.04)~~% incompared ~~the~~with ~~first quarter, equivalent to RMB1~~44.001% ~~($0.16)~~in ~~per~~the ~~ADS,~~prior ~~compared~~year toperiod ~~diluted~~and ~~earnings per ordinary share of RMB0~~39.669% ~~($0.11) or RMB2.65 ($0.43) per ADS~~ in the first quarter of ~~2013~~2014.

~~James~~· ~~Hong,~~Net ~~Founder,~~loss ~~Chairman~~was ~~and~~RMB2.3 ~~Chief~~million ~~Executive Officer~~($372,000) ~~commented,~~compared ~~“The~~with ~~ongoing~~net ~~downturn~~income ~~in China’s retail industry has had an impact on many retailers and their supply chain partners, including Zuoan. In spite~~ of ~~these challenges, we are pleased to have met our revenue guidance and continue to generate positive cash flows from our operations~~RMB67.6 ~~Although~~million ~~the general market environment is not expected to improve~~ in the ~~short~~same ~~term,~~quarter ~~we believe that many~~ of ~~the macro challenges that impacted our business over the last year are slowly abating~~2013. As our growth returns to improved levels, we will remain prudent with spending and ensure our resources are applied to the most relevant areas of our business to ensure revenue and profit growth ahead. While many of our smaller competitors are expected to endure more challenges ahead, we are confident Zuoan is on a gradual path to recovery, enabling us to be a stronger player in China’s fashion casual menswear industry.”

~~First~~· ~~Quarter~~Diluted ~~2014~~loss ~~Financial~~per ~~Performance~~ordinary share was RMB0.02 ($0.003) in the second quarter, equivalent to RMB0.08 ($0.01) per ADS, compared to diluted earnings per ordinary share of RMB0.61 ($0.10) or RMB2.43 ($0.39) per ADS in the second quarter of 2013.

~~Revenue~~James ~~for~~Hong, ~~the~~Founder, ~~first~~Chairman ~~quarter~~and ofChief ~~2014~~Executive ~~was~~Officer, ~~RMB189.2 million ($30.4 million)~~commented, ~~representing~~“As ageneral ~~decrease~~economic ofconditions ~~36.1%~~remain ~~from~~weak, ~~RMB296.3~~our ~~million~~target incustomers ~~the~~continued ~~same~~their ~~quarter~~cautious ofspending ~~2013.~~patterns ~~This~~resulting ~~was~~in ~~primarily~~higher ~~driven~~inventories byat athe ~~decrease~~distributor inand ~~sales~~sub-distributor ~~volume~~levels. ~~from~~We ~~company~~continued ~~distributors due~~ to ~~the~~decrease ~~economic~~our ~~downturn~~wholesale inprices ~~China~~and ~~since~~retail ~~2013~~prices as well. asWe ~~the~~also 3%increased ~~decrease~~our inadvertising ~~wholesale~~and ~~price~~store ~~from~~renovation ~~the~~costs ~~retail~~to ~~price~~reinforce ~~since~~our ~~third~~brand ~~quarter~~image ofand ~~2013~~market share. ~~During the quarter~~Together, ~~distributor~~these ~~sales~~efforts ~~decreased~~negatively byimpacted ~~36.2%~~our torevenue ~~RMB187.1~~and ~~million~~profit ~~from~~margin ~~RMB293.1 million~~ in the ~~same~~ quarter, ofhowever, ~~2013.~~we ~~First~~believe ~~quarter~~such ~~2014~~adjustments ~~self-operated~~will ~~direct~~help ~~store~~ensure ~~sales~~our ~~decreased~~long toterm ~~RMB2.1~~growth ~~million~~and ~~from~~will ~~RMB3.1~~benefit ~~million~~Zuoan inas ~~the~~market ~~same~~conditions ~~quarter of 2013~~improve.”

A“Looking ~~net~~to ~~total~~the second half of 62014, ~~distributor~~we ~~and~~will ~~sub-distributor~~adhere ~~stores~~to ~~were~~our ~~opened~~strategy ~~and~~of 1improving ~~self-operated~~product ~~direct~~design ~~store~~and ~~was~~quality, ~~closed~~prudently invest in ~~the~~store ~~first~~renovation ~~quarter~~and ofadvertising ~~2014~~initiatives, ~~resulting~~and inreduce aour ~~total~~inventory ofat ~~1,087~~the store ~~locations~~level asand ofthrough ~~March~~our ~~31,~~online ~~2014~~initiatives. These ~~compared~~actions toare ~~1,362~~expected ~~store~~to ~~locations~~strengthen asour ofcustomer ~~March~~base ~~31, 2013~~ and ~~1,082~~drive ~~store~~higher ~~locations~~sales asand ofprofits ~~December~~over 31time,” ~~2013~~concluded Mr. Hong.

~~Cost~~Second ofQuarter ~~sales decreased by 29.3% to RMB113.7 million ($18.3 million) in the first quarter of~~ 2014 ~~from~~Financial RMB160.8 million in the same quarter of 2013, primarily due to the sales decrease in the first quarter. As a percentage of revenues, cost of sales increased to 60.1% in the first quarter of 2014 from 54.3% in the same quarter of 2013.Performance

~~Gross~~Revenue ~~profit~~for ~~decreased~~the bysecond ~~44.2%~~quarter toof ~~RMB75~~2014 was RMB245.57 million ($1239.16 million), representing a decrease of 22.6% from ~~RMB135~~RMB317.56 million in the ~~first~~same quarter of 2013. ~~First~~ The decrease was primarily driven by lower wholesale prices offered to the Company’s distributors as well as reduced pricing at the retail level due to a slower economic environment in China. During the quarter, ~~2014~~distributor ~~gross~~sales ~~margin~~decreased ~~was~~by 3922.91% ~~compared~~ to 45RMB243.7% million from RMB312.8 million in the same quarter of 2013. ~~The~~Second ~~decrease~~quarter in2014 ~~gross~~self-operated ~~margin~~direct ~~was~~store ~~primarily~~sales ~~due~~were toRMB2.0 ~~the~~million, ~~aforementioned~~compared ~~decrease~~to RMB4.7 million in ~~wholesale~~the ~~pricing~~same quarter of 2013. ~~Gross~~A ~~margin~~net attotal ~~the~~of ~~Company’s~~161 distributor and sub-distributor stores and one self-operated direct ~~stores~~store ~~and~~were ~~distributor~~closed ~~stores~~in ~~was~~the ~~44.4%~~second ~~and~~quarter ~~39.9%,~~of ~~respectively.~~

~~Selling~~2014, ~~and~~resulting ~~distribution expenses~~ in ~~the~~a ~~first~~total ~~quarter~~of ~~were~~925 ~~RMB24.6~~store ~~million~~locations ~~($4.0~~as ~~million), or 13.0%~~ of ~~revenue~~June 30, 2014 compared to ~~RMB26.5 million~~1,383 orstore ~~8.9%~~locations ~~of revenue~~ in the same ~~quarter~~period of ~~2013. The percentage increase was primarily due to~~ the ~~increase~~prior ~~in the advertising and promotion expenses for the marketing activities carried out to attract the brand awareness since third quarter of 2013~~year.

~~Administrative~~Cost ~~expenses~~of insales ~~the~~decreased ~~first~~by ~~quarter~~3.1% ~~were~~to ~~RMB12~~RMB171.49 million ($227.07 million), orin ~~6.5%~~the ofsecond ~~revenue,~~quarter ~~compared~~of to2014 ~~RMB10~~from RMB177.34 million, ~~3.5% of revenue~~ in the same quarter of 2013., ~~This percentage increase was~~ primarily due to the ~~depreciation~~slightly ~~charges~~lower sales volume. As a percentage of ~~leasehold~~revenues, ~~improvement~~cost of ~~our~~sales ~~office~~increased ~~building~~to ~~located~~70.0% in ~~Shanghai~~the ~~which~~second ~~has~~quarter ~~been~~of ~~occupied~~2014 ~~since~~from ~~second~~55.9% in the same quarter of 2013.

~~Effective~~Gross ~~tax~~profit ~~rate~~decreased by 47.4% to RMB73.8 million ($11.9 million) from RMB140.1 million in the ~~first~~second quarter of 2013. Second quarter 2014 gross margin was 2630.0% compared towith 2544.21% in the same quarter of 2013. The decrease in gross margin was primarily due to lower wholesale pricing from 35% to 33% offered to the Company’s distributors as well as decreased pricing at the retail level. Gross margin at the Company’s direct stores and distributor stores were 41.9% and 29.9%, respectively.

~~Net~~Selling ~~income~~and ~~for~~distribution expenses in the ~~first~~second quarter ~~decreased~~were ~~by 62~~RMB59.2%6 ~~to RMB27.9~~ million ($49.56 million), ~~from~~or ~~RMB73~~24.83% of revenue, compared to RMB31.1 million, or 9.8% of revenue in the same quarter of 2013. ~~First~~The ~~quarter~~percentage ~~net~~increase ~~margin~~ was ~~14.7%~~primarily ~~compared~~due to ~~24.9%~~advertising expenses incurred for the marketing activities and sales promotions in the ~~first~~second quarter of ~~2013~~2014 as well as an increase in renovation costs.

~~Diluted~~Administrative ~~earnings~~expenses ~~per~~in ~~ordinary~~the ~~share~~second quarter were ~~RMB0~~RMB14.251 million ($02.~~04)~~3 ~~in the first quarter of 2014~~million), ~~equivalent~~or ~~to RMB1~~5.008% ~~($0.16)~~of ~~per ADS~~revenue, compared towith ~~diluted earnings per ordinary share RMB0~~RMB15.663 ~~($0.11)~~million, ~~or RMB2~~4.658% ~~($0.43)~~of ~~per~~revenue ~~ADS~~ in the ~~first~~same quarter of 2013. ~~The Company’s diluted number of shares outstanding were 111.3 million in the first quarter ended March 31, 2014.~~

AsEffective oftax ~~March~~rate ~~31,~~in ~~2014,~~ the ~~Company~~second ~~had~~quarter ~~cash,~~was ~~cash equivalents of RMB1,461~~10.79% ~~million ($235.1 million),~~ compared to ~~RMB1,227~~26.40% ~~million~~in asthe ofsame ~~December~~quarter ~~31,~~of 2013. ~~Net~~ ~~cash~~The ~~provided~~lower byeffective ~~operating~~tax ~~activities~~rate ~~was~~stems ~~RMB232.7~~from ~~million~~an ~~($37.4~~operating ~~million)~~loss infrom the ~~three~~investment ~~months~~holding ~~ended~~companies ~~March~~and ~~31,~~SH ~~2014~~Mingfu, ~~compared~~one toof ~~RMB208.2 million in~~ the ~~three~~Company’s ~~months~~PRC ~~ended March 31, 2013~~subsidiaries.

Outlet Type:	1Q2013	1Q2014
Direct Stores	7	6
Distributor and Sub-distributor Stores	1,292	1,027
Distributor-Operated Flagship Stores	63	54
Total:	1,362	1,087

Net loss for the second quarter was RMB2.3 million ($372,000) compared to RMB67.6 million in the same quarter of 2013.

Diluted loss per ordinary share were RMB0.02 ($0.003) in the second quarter of 2014, equivalent to RMB0.08 ($0.01) per ADS, compared to diluted earnings per ordinary share RMB0.61 ($0.10) or RMB2.43 ($0.39) per ADS in the second quarter of 2013. The Company’s diluted number of shares outstanding was 111.3 million in the second quarter ended June 30, 2014.

As of June 30, 2014, the Company had cash, cash equivalents of RMB1,364.7 million ($220.0 million), compared to RMB1,227.4 million as of December 31, 2013. Net cash provided by operating activities was RMB181.9 million ($29.3 million) in the six months ended June 30, 2014, compared to RMB278.3 million in the prior year period.

Outlet Type:	2Q2013	2Q2014

Direct Stores	8	5

Distributor and Sub-distributor Stores	1,312	866

Distributor-Operated Flagship Stores	63	54

Total:	1,383	925

Financial Outlook

For the ~~second~~third quarter of 2014, the Company currently anticipates revenue in the range of ~~RMB230~~RMB290-~~RMB250~~RMB310 million ($3746.07-$4050.20 million), gross margin of approximately 3028-3330%, net loss of approximately ~~RMB3~~RMB11.~~0– RMB5~~7-RMB12.03 million ($01.5 9- $02.80 million) and basic and fully diluted loss per share of approximately RMB0.0311 ($0.~~004~~02) - RMB0.0411 ($0.~~007~~02), equivalent to RMB0.1142 ($0.0207) –- RMB0.1844 ($0.0307) per ADS.

Approximately 160-180 net retail stores are expected to be closed by distributors and sub-distributors in the second quarter of 2014.

Conference Call Information

Zuoan’s management will host aan earnings conference call on ~~July~~October ~~29th~~9, 2014 at 8:30 AMa.m. ETU.S. toEastern ~~discuss financial results~~Time. Listeners may access the call by dialing # 1-719-325-~~2454~~2469. A webcast will also be available via http://public.viavid.com/index.php?id=~~110196~~111216. A replay of the call will be available through ~~August~~October ~~5th~~16, 2014. Listeners may access the replay by dialing #1-858-384-5517, access code: ~~8079702~~6575501.

Exchange Rate

This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at the exchange rate of RMB 6.~~2164~~2036 to US$1.00, as set forth in the H.10 statistical release of the Federal Reserve Board on ~~March~~June 3130, 2014.

About Zuoan Fashion Limited

Zuoan Fashion Limited is a leading design-driven fashion casual menswear company in China, and is head-quartered in Shanghai. Zuoan offers a wide range of products, including men’s casual apparel, footwear and lifestyle accessories, primarily targeting urban males between the ages of 20 and 40 who prefer stylish clothing that represents a sophisticated lifestyle. Through extensive networks of distributors and retail stores, Zuoan sells its products in 31925 ofstores ~~China’s~~located 32in ~~provinces~~China ~~and~~as ~~municipalities. As~~ of ~~March~~June 3130, 2014~~, Zuoan had 1,087 stores located in China~~.

Safe Harbor

This news release may contain forward-looking information about Zuoan Fashion Limited, which is covered under the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward- looking terminology such as believe, expect, may, will, should, project, plan, seek, intend, or anticipate or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and Zuoan Fashion Limited's future performance, operations, and products.

Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Actual performance results may vary significantly from expectations and projections. Further information regarding this and other risk factors are contained in Zuoan’s public filings with the U.S. Securities and Exchange Commission.

All information provided in this news release and in any attachments is as of the date of the release, and the companies do not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

Contact Information

John Low

Email: john.low@zuoancn.com

ICR, LLC

William Zima

Phone: +86-10-6583-7511

Zuoan Investor Relations Department

US: 1-646-308-1614

ZUOAN FASHION LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

	Three months period ended March 31
	Three months period ended June 30									Six months period ended June 30
	2013			2014			2014			2013			2014			2014
	RMB			RMB			US$			RMB			RMB			US$
(in thousands)
Revenues		~~296~~317,~~254~~555			~~189~~245,~~179~~665			3039,~~432~~600			613,809			434,844			70,095
Cost of goods sold		(~~160~~177,~~802~~414	)		(~~113~~171,~~661~~886	)		(1827,~~284~~707	)		(338,216	)		(285,547	)		(46,029	)
Gross profit		~~135~~140,~~452~~141			7573,~~518~~799			1211,~~148~~893			275,593			149,297			24,066
Other income		1,~~888~~118			1,~~430~~553			~~230~~250			3,006			2,983			481
Selling and distribution expenses		(2631,~~463~~099	)		(2459,~~630~~635	)		(39,~~962~~613	)		(57,562	)		(84,265	)		(13,583	)
Administrative expenses		(1015,~~309~~328	)		(1214,~~356~~149	)		(12,~~988~~281	)		(25,637	)		(26,505	)		(4,273	)
Finance costs		(13,~~941~~477	)		(23,~~256~~628	)		(~~363~~585	)		(5,418	)		(5,884	)		(948	)
Profit before taxation		98,627			37,706			6,066
Profit/(Loss) before taxation		91,355			(2,080	)		(335	)		189,982			35,626			5,743
Income tax expense		(2423,~~822~~718	)		(~~9,806~~226	)		(~~1,577~~36	)		(48,540	)		(10,032	)		(1,617	)
Profit after taxation		73,805			27,900			4,488
Profit/(Loss) after taxation		67,637			(2,306	)		(372	)		141,442			25,594			4,126
Other comprehensive loss:
Other comprehensive (loss)/profit:
Foreign exchange difference arising from translation of foreign currency financial statements		(~~858~~1,480	)		~~805~~116			~~129~~19			(2,338	)		921			148
Total comprehensive income for the periods		72,947			28,705			4,617
Total comprehensive income/(loss) for the periods		66,157			(2,190	)		(353	)		139,104			26,515			4,274
Earnings per share (RMB):
Earnings/(Loss) per share (RMB):
Basic earnings per share		0.66			0.25			0.04
Basic earnings/(loss) per share		0.61			(0.02	)		(0.003	)		1.27			0.23			0.04
Diluted earnings per share		0.66			0.25			0.04
Diluted earnings/(loss) per share		0.61			(0.02	)		(0.003	)		1.27			0.23			0.04
Weighted average basic no. of shares (‘000)		111,276			111,276						111,276			111,276
Weighted average diluted no. of shares (‘000)		111,276			111,276						111,276			111,276

ZUOAN FASHION LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

As of December 31

As of ~~March~~June 3130

(in thousands)

2013

2014

ASSETS

RMB

US$

Non-current assets

Property, plant and equipment

17,377

1310,~~923~~870

21,~~240~~752

Current assets

Inventories

24,629

3630,~~141~~071

54,~~814~~847

Trade and other receivables

450,983

~~286~~333,~~434~~664

4653,~~077~~786

Prepayments

Fixed deposits – pledged

41,800

5845,~~160~~800

97,~~356~~383

Cash and cash equivalents

1,227,402

1,~~461~~364,~~655~~664

~~235~~219,~~129~~979

1,744,908

1,~~842~~774,~~390~~199

~~296~~285,~~376~~995

Total assets

1,762,285

1,~~856~~785,~~313~~069

~~298~~287,~~615~~747

EQUITY AND LIABILITIES

Share capital

185

Share premium

426,165

68,~~555~~696

Reserves

49,165

50,~~269~~385

8,~~086~~122

Retained profits

1,007,517

1998,~~035,417~~482

~~166~~160,~~562~~953

Total equity

1,483,032

1,~~512~~475,~~036~~217

~~243~~237,~~233~~800

LIABILITIES

Current liabilities

Trade and other payables

124,398

~~185~~173,~~167~~623

2927,~~787~~987

Interest-bearing bank borrowings

149,550

~~148~~135,~~910~~610

2321,~~954~~860

Income tax payable

5,305

~~10,200~~619

~~1,641~~100

Total liabilities

279,253

~~344~~309,~~277~~852

5549,~~382~~947

Total equity and liabilities

1,762,285

1,~~856~~785,~~313~~069

~~298~~287,~~615~~747

ZUOAN FASHION LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASHFLOWS

	Three months period ended March 31
	Six months period ended June 30
	2013			2014			2014
(in thousands)	RMB			RMB			US$
Cash flows from operating activities
Profit before taxation		98189,~~627~~982			3735,~~706~~626			65,~~066~~743
Adjustments for :
Depreciation of property, plant and equipment		~~588~~2,973			36,~~276~~329			~~527~~1,020
Equity-settled employees benefit expenses		~~457~~908			299			48
Interest expenses on bank borrowings		15,~~941~~418			25,~~256~~884			~~363~~948
Loss on disposal of property, plant and equipment		183			178			29
Interest income		(13,~~888~~006	)		(12,~~430~~983	)		(~~230~~481	)
Operating profit before working capital changes		99196,~~908~~458			4245,~~285~~333			67,~~802~~308
Increase in inventories		(1710,~~909~~697	)		(115,~~512~~442	)		(~~1,852~~877	)
Decrease in trade and other receivables		~~143~~142,~~613~~897			~~164~~117,~~549~~319			2618,~~470~~911
Decrease in prepayments		-100			94			15
(Increase)/decrease in fixed deposits pledged		1,021			(16,360	)		(2,632	)
Increase in fixed deposits pledged		(9,421	)		(4,000	)		(645	)
Increase in trade and other payables		713,~~305~~007			6049,~~769~~225			97,~~776~~935
Cash generated from operations		~~233~~332,~~938~~344			~~239~~202,~~825~~529			3832,~~579~~647
Interest paid		(15,~~941~~418	)		(25,~~256~~884	)		(~~363~~948	)
Income tax paid		(2348,~~786~~608	)		(414,~~911~~718	)		(~~790~~2,372	)
Net cash generated from operating activities		~~208~~278,~~211~~318			~~232~~181,~~658~~927			3729,~~426~~326
Cash flows from investing activities
Acquisition of property, plant and equipment		(921,879	)		-			-
Interest received		13,~~888~~006			12,~~430~~983			~~230~~481
Net cash (used in)/generated from investing activities		1(18,~~879~~873	)		12,~~430~~983			~~230~~481
Cash flows from financing activities
Bank loans obtained		16,150			64,360			10,353
Dividend paid		-			(34,629	)		(5,582	)
Repayment of bank loans		(13,400	)		(65,000	)		(10,456	)
Bank loans obtained		143,400			93,310			15,041
Net cash (used in)/generated from financing activities		2,750			(640	)		(103	)
Repayment of bank loans		(114,450	)		(107,250	)		(17,288	)
Net increase in cash and cash equivalents		212,840			233,448			37,554
Net cash generated from/(used in) financing activities		28,950			(48,569	)		(7,829	)
Exchange difference		(858	)		805			129
Net increase in cash and cash equivalents		288,395			136,341			21,978
Cash and cash equivalents at beginning of the periods		918,451			1,227,402			197,446
Exchange difference		(2,338	)		921			148
Cash and cash equivalents at end of the periods		1,130,433			1,461,655			235,129
Cash and cash equivalents at beginning of the periods		918,451			1,227,402			197,853
Cash and cash equivalents at end of the periods		1,204,508			1,364,664			219,979

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Zuoan Fashion Limited
Date: July 29, 2014	By:	/s/ JAMES JINSHAN HONG
Date: October 9, 2014	By:	/s/ JAMES JINSHAN HONG
	Name:	James Jinshan Hong
	Title:	Chairman and Chief Executive Officer

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