Dowell Property Holdings Limited provided earnings guidance for the year ended December 31, 2014. Based on the unaudited consolidated financial statements, the board announced that the company is expected to record a loss for the year ended 31 December 2014 as compared with the profit for the year ended 31 December 2013. Such decline is mainly attributable to the depreciation of Renminbi and the deficit on valuation of an investment property in the year ended 31 December 2014.

It is expected that net exchange loss of more than HKD 10 million and deficit on valuation of investment property of more than HKD 26 million will be recorded for the year ended 31 December 2014, as compared to net exchange gain and appreciation of investment property recorded for the year ended 31 December 2013. The board considers that the group's overall operation remains sound, and financial position remains healthy.