The board of directors of China Oceanwide Holdings Limited informed the shareholders and potential investors of the company that based on the Group's unaudited management accounts for the six months ended 30 June 2017 and the information currently available, the Group is expected to record a decline in the consolidated profit attributable to the Shareholders for the Period as compared with the consolidated profit attributable to the Shareholders amounted to approximately HKD 117.7 million for the corresponding period in 2016. The decline was mainly attributable to a) the absence of a material net one-off gain during the Period as compared with a net one-off gain of approximately HKD 92.7 million (included impact arising from the gain of approximately HKD 130.4 million on property revaluation, net of tax and profit attributable to non-controlling interests, which was partly offset by impairment losses of approximately HKD 37.7 million on available-for-sale financial assets) for the corresponding period in 2016; and b) exchange loss during the Period.