The Board of Directors of Heeton Holdings Limited deems it appropriate to issue a profit warning with respect to the financial results of the Group for the third quarter ended 30 September 2016 based on the preliminary review of the Group's unaudited financial results. The expected loss for third quarter of 2016 is primarily due to losses arising from the disposal of Heeton Residence Pte Ltd. as announced on 30 September 2016. The said disposal is expected to have a material negative impact on the earnings and not expected to have a material impact on the net tangible assets per share of the Group for the current financial year.