China New City Commercial Development Limited provided earnings guidance for the year ended December 31, 2015. The company is expected to record a substantial decrease in its profit attributable to the equity holders of the company for the year ended 31 December 2016 as compared to for the corresponding period of 2015. The Board considers that the expected decrease in the consolidated net profit for the year ended 31 December 2016 is mainly attributable to other interest income of approximately RMB 116 million from interest-bearing loans to a joint venture in last year; the gain on disposal of 45% indirect equity interest in a joint venture for approximately RMB 126 million in last year; and (iii) fair value gain upon transfer to investment properties of approximately RMB 797 million in last year which contributed one-off net gain for 2015 result.