Glorious Property Holdings Limited provided group earnings guidance for the year ended December 31, 2012. The board of directors of the company reported that, based on the information currently available to the Board, the unaudited consolidated net profit of the group for the year ending December 31, 2012 is expected to show a significant decrease as compared with the same period in 2011. The board is of the opinion that this decrease is primarily attributable to the delay in construction of auxiliary facilities in some projects of the Group and also to adjustments in the composition of the properties delivered.