Beijing Capital Grand Limited provided earnings guidance for the six months ended of June 30, 2017. For the period, the Group is expected to record a substantial decrease of more than 90% in the amount of profit attributable to owners of the company for the six months ended 30 June 2017 as compared to that for the six months ended 30 June 2016. Such decrease in profit is mainly attributable to a significant decrease in the fair value gain on the group's investment properties, from around RMB 250 million for the corresponding period to an estimated amount of not more than RMB 90 million for the reporting period based on preliminary valuation figures recently received by the company from its professional valuer, and such decrease in fair value gain being the result of slowdown in growth of property market in certain cities in the PRC during the Reporting Period as compared to that during the corresponding period.