C C Land Holdings Limited provided earnings guidance for the six months ended June 30, 2016. For the six months, the company expected the group may report a substantial decrease of over 90% in its profit attributable to shareholders for the six months ended 30 June 2016, compared with the profit attributable to shareholders of approximately HKD 588 million for the corresponding period last year. The substantial decrease in profit attributable to shareholders that may be reported by the Group for the relevant period is mainly due to; a significant decrease in the Group's recognized revenue for the relevant period following completion of the series of strategic disposal of its portfolio of properties, joint investments and investments projects as announced in 2015, fair value losses of approximately HKD 158 million from the Group's portfolio of equity investments at fair value through profit or loss, compared with fair value gains of approximately HKD 303 million in the corresponding period last year, mainly as a result of the sluggish and turbulent equity market in Hong Kong during the relevant period, and a significant decrease in the gains on disposal of equity investments at fair value through profit or loss to approximately HKD 5 million, compared with approximately HKD 218 million in the corresponding period last year.