The board of directors of the Asiasec Properties Limited announced the shareholders of the company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30th June, 2018, the Group is expected to record a significant decrease in the consolidated net profit for the six months ended 30th June, 2018 as compared with the consolidated net profit for the six months ended 30th June, 2017. The main reasons for the decrease in the consolidated net profit were caused by (i) a decrease in fair value gain of investment properties of approximately HKD 28 million; and (ii) a decrease in share of profit of associates of approximately HKD 19 million, compared with the six months ended 30th June, 2017.