The board of directors of China Oceanwide Holdings Limited announced that based on the Group's unaudited management accounts for the year ended 31 December 2017, the Group is expected to record a significant decline in the consolidated profit attributable to the shareholders for the year as compared with the consolidated profit attributable to the shareholders amounted to approximately HKD 136.2 million in 2016. The expected decline was mainly attributable to the drop of net gain (after tax and non-controlling interests) from approximately HKD 95.1 million in 2016 (mainly contributed by the gain of approximately HKD 179.4 million on property revaluation, net of tax and profit attributable to non-controlling interests, partly offset by impairment losses of approximately HKD 87.5 million on available-for-sale financial assets) to approximately HKD 29.2 million during the year (mainly included the net gain on disposal of available-for-sale financial assets partly offset by exchange loss).