The board of directors of Lippo Limited informed the shareholders of the company and potential investors that based on information currently available to the company and the announcements of the company dated March 24, 2016 and November 2, 2016, it is anticipated that the group is likely to record a consolidated profit attributable to shareholders of not less than HKD 200 million for the six months ended September 30, 2016 as compared to a loss of HKD 49.7 million recorded for the six months ended September 30, 2015. The profit for the Current Period was mainly attributable to the share of a profit of not less than HKD 100 million from the results of joint ventures; gain on disposal of subsidiaries of approximately HKD 330 million and fair value gain of approximately HKD 80 million on its investments following the recovery of the stock markets but offset by the effect of provision of impairment loss on properties under development of approximately HKD 100 million.