The board of directors Wing Lee Property Investments Limited informed the shareholders and potential investors of the Company that, based on a preliminary assessment of the unaudited management accounts of the Group for the six months ended 30 June 2016 and a draft valuation report for the Group's investment property portfolio as at 30 June 2016 prepared by the Group's external valuer, the Group expects to record a significant decline in profit for the six months ended 30 June 2016 as compared with that for the corresponding period in 2015. This is mainly attributable to the fact that there is expected to be a net decrease in fair values of the Group's investment properties for the six months ended 30 June 2016 as compared with a net increase for the corresponding period in 2015, which reflects the general market conditions of the commercial retail and residential investment property market in Hong Kong for the period under review. The net decrease in fair values of the Group's investment properties for the six months ended 30 June 2016 is expected to range from HKD 5 million to HKD 7 million (the net increase in fair values for the six months ended 30 June 2015 was approximately HKD 66 million).