The board of directors of First Shanghai Investments Limited informed its shareholders and potential investors that the group is expected to record a decrease in profit attributable to shareholders of the company for the six months ended June 30, 2014, as compared to the corresponding period in 2013. Such expected decrease is mainly attributable to (i) the loss recorded from securities investment of approximately HKD 5 million in 2014, as compared with a profit of approximately HKD 14 million reported in 2013, and (ii) the recognition of a one-off disposal gain of an equity investment amounted to approximately HKD 12 million in 2013, while no such profit reported in 2014. These factors have been partially off-set with the decrease in operating and property revaluation loss reported by property development and investment sector.