Gemdale Properties and Investment Corporation Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that based on the preliminary review of the consolidated management accounts of the group for the year ended December 31, 2016, the group is expected to record an increase by not less than 20% in its profit attributable to owners of the company for the year ended December 31, 2016 (2016 unaudited estimate) from RMB 1.06 billion in the previous year.