The board of directors of Chinney Investments, Limited announced that, based on a preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record a substantial increase in profit for the six months ended 30 September 2017 by over 10 times compared to that of the corresponding period in last year. Such increase in profit is mainly attributable to the profit recognition by 68.09% owned Hon Kwok Land Investment Company, Limited in relation to its gain on disposal of a bare site in Guangzhou, PRC resulted from completion of the related sale and purchase agreement in September 2017.