C C Land Holdings Limited provided earnings guidance for the six months ended June 30, 2013. The revenue expected to be generated from its property development for 2013 will be recognized in the second half of 2013, the Group expects its revenue for the six months ended 30 June 2013 to be lowered by approximately 65% when compared with the same period last year, which will materially and adversely affect its profit for the first half of 2013. Based on the latest project development and completion schedule, completion of projects scheduled for 2013 is more heavily loaded in the second half of 2013, revenue from which will be recognized upon delivery of the completed units to the buyers.