The board of directors of Landsea Green Properties Co., Ltd. informed the shareholders of the company and potential investors that, based on the preliminary assessment of the group's unaudited management accounts for the six months ended 30 June 2015 and information currently available to the Board, the Group is expected to record a significant increase of not less than 30% in profit for the six months ended 30 June 2015 as compared with profit of RMB 127,264,000 for the six months ended 30 June 2014 due to the increase in fees from providing property development and management service to (Landsea Group Co., Ltd.) and independent third parties or partner companies; the unrealized exchange gain; and the recognition of deferred tax asset.