Tai Sang Land Development Ltd. provided group earnings guidance for the six months ended June 30, 2012. For the period, the company expects to record a considerably lower profit as compared with the corresponding period ended 30 June 2011. This is primarily attributable to the decline of increasing amount in fair value of the Group's investment properties as compared to the same period in 2011.

Nevertheless, the core business of the Group in property investment for rental remains stable and healthy. As the Group is still in the process of finalizing its unaudited interim results for the six months ended 30 June 2012, the information contained in this announcement is only based on a preliminary assessment by the Board of the information currently available, and such information has not been audited or reviewed by the company's auditor.