Based on the preliminary unaudited consolidated management accounts of Lai Sun Development Co. Ltd., the board of directors of the company inform shareholders of the company and potential investors that the unaudited interim profit attributable to the equity holders of the company for the six months ended January 31, 2014 are expected to record a significant decrease from that of HKD 1,964.7 million for the six months ended January 31, 2013. The decrease in the Group's results for the Period is primarily due to a significantly lower revaluation gain arising in the revaluation of the Group's investment properties for the Period as compared to the same period last year.

This is a non-cash item and will not have a direct impact on the cash flow of the Group.