The board of Wing Lee Property Investments Limited informed the shareholders of the company and potential investors that the group is expected to record a substantial decline in profit for the six months ended June 30, 2013 as compared with the eight months ended August 31, 2012. The substantial decline in profit for the first half of 2013 as compared with the eight months ended August 31, 2012 is principally affected by relatively less increase in changes in fair value of the group's investment portfolio which reflect the general market conditions of the commercial retail and residential investment property market in Hong Kong during this period. Notwithstanding the aforesaid, the Board expects to record a profit for the six months ended June 30, 2013.