Chevalier International Holdings Ltd. announced that the Group expects to record a significant decrease in profit for the year ended March 31, 2014 as
compared to profit for the year ended March 31, 2013. Based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended March 31, 2014 and information currently available to the Board, to the best knowledge of the Directors, the decrease in profit was mainly due to the fair value increase arising from the revaluation of the Group's investment properties for the year ended March 31, 2014 might not be as significant as that in the previous financial year. Nevertheless, the effect of the significant decrease in the total comprehensive income for the year ended March 31, 2014 might be partially offset by the revaluation reserve of certain properties for own use under revaluation model.