Gemdale Properties and Investment Corporation Limited provided earnings guidance for the year ended December 31, 2014. The company expects to record a decline of 60% to 70% in the consolidated net profit attributable to the owners of the company for the twelve months ended 31 December 2014 as compared with the consolidated net profit attributable to the owners of the company for the fifteen months ended 31 December 2013. Based on the information currently available, such substantial decrease in profit for the current year was mainly due to the absence of a one-off provision written back made for the fifteen months ended 31 December 2013 amounting to approximately RMB 212 million; and the substantial decrease in the revaluation gains from the Group's investment properties in current year as compared to that for the corresponding period in 2013.