Based on the unaudited consolidated management accounts of the Group for the year ended 31 December 2017, the board of directors of Hopson Development Holdings Limited informed the shareholders of the company and potential investors that the Group is expected to record an increase in the consolidated profit for the year ended 31 December 2017 of approximately 50% as compared with the year ended 31 December 2016. The expected increase in consolidated profit attributable to equity holders of the company for the year ended 31 December 2017 is primarily due to a gain arising from a higher revaluation of the Group's investment properties during the year, as compared to last year.