Wong's International Holdings Limited informed its shareholders and potential investors that based on a preliminary assessment of the unaudited consolidated financial statements of the Group for the six months ended 30 June 2018, the consolidated net profit attributable to the owners of the company for the Interim Period is expected to record a significant increase of approximately 450% as compared to the consolidated net profit attributable to the owners of the Company for the corresponding period in 2017. Based on information currently available, such increase was mainly attributable to the Group's share of the increase in equity value in the Group's property development joint venture which currently holds Two Harbour Square. This increase mainly arises from a surplus of investment properties valuation by the Joint Venture in the Interim Period. It is the Group's preference to hold its interest in its attributable share of the building owned by the Joint Venture as much as possible for leasing purposes after taking into account the Group's financial requirements. As a result, the Group does not expect to generate a significant increase in cash from its interest in the Joint Venture in the near future.