China New City Commercial Development Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2017. The board of directors informed the shareholders of the company and potential investors that, based on the preliminary review on the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2017, the Group is expected to record a material growth in its profit attributable to the equity holders of the Company for the Year of over 2 times as compared to that of approximately RMB 137 million for the corresponding period of 2016. Such growth is mainly due to substantial gain in fair value of investment properties.