South West Eco Development Limited announced for the first quarter ended March 31, 2014, the magnitude of the decrease in the profits for the period is, due to the reasons disclosed in the announcement, expected to be approximately 92% as compared to that for the corresponding period of 2013. The decline in the profit for the period is as anticipated since the group's major revenue is and will be derived principally from the sale of properties comprised in the property development projects undertaken by the group (that is, Fond England and the Li Yuan project currently). The group's results of operation may, therefore, fluctuate or vary significantly from period to period depending on, among other factors, the overall development schedule and the timing of sale and delivery of such properties.