Xiwang Property Holdings Company Limited expected to record substantial loss, amounting to more than the 2012 audited loss of approximately RMB 18 million, for the year ended December 31, 2013. As a result of the adoption of the P&L Approach, additional loss of approximately RMB 818.3 million arising from the disposal is expected to be recognized in the consolidated statement of profit or loss and the consolidated statement of comprehensive income of the Group for the year ended December 31, 2013 and the total loss attributable to equity holders of the company to be recorded for the year is expected to increase significantly to approximately RMB 965.5 million.