The board of directors of Lai Sun Development Co. Ltd. informed shareholders of the company and potential investors that the unaudited interim profit attributable to the equity holders of the company for the six months ended January 31, 2012 are expected to record a significant decrease from that of HKD 940.8 million for the six months ended January 31, 2011. The decrease in the Group's results for the Period is mainly attributable to: a significant decrease in the fair value gain on the Group's investment properties for the Period due to a slower rate of growth in the property market as compared to the reported fair value gain on investment properties (before deferred tax impact) of HKD 587.6 million for the previous corresponding period; and a decrease in the Group's share of profits and losses of associates for the Period due to less favorable results of eSun Holdings Limited.