Guangzhou R&F Properties Co., Ltd. provided earnings guidance for the year ended 31 December 2017. For the period, the group is expected to record a significant increase in the consolidated profit for the year ended 31 December 2017 of over 190% as compared with the year ended 31 December 2016. The expected increase in the consolidated profit for the year is mainly attributable to a non-recurring gain on bargain purchase for the acquisition of the hotel assets as more particularly disclosed in the announcements of the Company dated 19 July 2017, 26 September 2017, 3 October 2017, 31 October 2017, 23 November 2017, 30 November 2017 and 31 January 2018.