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 year ended 31 December 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 year ended 31 December 2015 as compared with profit of RMB 300,150,000 for the year ended 31 December 2014 due to (i) the increase in fees from providing property development and management service to independent third parties or partner companies; (ii) the significant increase in properties sales; and (iii) the unrealized exchange gain.