LVGEM (China) Real Estate Investment Company Limited provided earnings guidance for the six months ended June 30, 2016. The board of directors of the company announced that based on the preliminary assessments of the unaudited consolidated management accounts of the group for the six months ended June 30, 2016, it is noted that the group may record a profit attributable to the owners of the company for the six months ended June 30, 2016 as compared to a loss of approximately RMB 8.5 million attributable to the owners of the company for the six months ended June 30, 2015. The improvement is mainly due to a significant increase in sales as a result of the recognition of the sales of the properties at the Hongwan Garden in Futian District, Shenzhen, the People's Republic of China with revenue in the amount of approximately RMB 3.4 billion in the first half of 2016. Therefore, the company expects that it will record an unaudited consolidated net profit in excess of RMB 400 million for the six months ended June 30, 2016.