The board of directors of Gemdale Properties and Investment Corporation Limited informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited management accounts of the Group, it is expected that the Group may record a significant increase in the consolidated profit attributable to owners of the Company for the fifteen months ended December 31, 2013 as compared to the consolidated profit attributable to owners of the Company recorded for the 12 months ended September 30, 2012. Based on the information currently available, the expected significant increase in profit was mainly attributable to a substantial revaluation gain on investment properties of the Group and a provision written back for a property development project.