The board of directors of Redco Properties Group Limited informed the shareholders of the company and potential investors that based on the preliminary review of the consolidated management accounts of the Group for the six months ended 30 June 2017, it is expected that the unaudited consolidated net profit attributable to the owner of the Company for the six months ended 30 June 2017 will record a significant increase of not less than 100% and not more than 200% as compared with the unaudited consolidated net profit of the Company for the corresponding period in 2016. The Board considers that such significant increase is mainly attributable to the fair value gain from the Group's investment property in the People's Republic of China.