The board of directors of Founder Holdings Limited announced that based on the preliminary assessment of the unaudited management accounts of the Group and information currently available to the Board, the consolidated profit of the Group for the year ended 31 December 2017 attributable to owners of the parent will be increased by at least 100% as compared to the corresponding period last year. The increase in the consolidated net profit of the Group is primarily due to: (1) increase in sales of font library business; (2) gain on transfer of the intangible assets, the details of which are set out in the announcement of the Company dated 28 December 2016; (3) increase in fair value gains on investment properties; and (4) increase in other interest income and foreign exchange gains.