The Board of Directors of China Aerospace International Holdings Limited informed the shareholders of the company and the potential investors that, based on the company's preliminary estimation, it is expected that, for the year ended 31 December 2015, both the turnover and the profits of the major businesses decreased slightly and an exchange loss was recorded as a result of changes in the exchange rate of Renminbi, whereas the fair value of investment properties increased substantially. Hence, the profit attributable to equity holders of the company may substantially increase as compared to 2014.