Guangdong Land Holdings Limited provided earnings guidance for the nine months ended September 30, 2016. The Board informed the shareholders of the company that the Group is expected to record an unaudited profit attributable to owners of the company of not less than HKD 10 million for the nine months ended 30 September 2016, representing a decrease of more than 90% as compared to the same period last year. However, for the nine months ended 30 September 2015, the Group would have recorded an unaudited loss attributable to owners of the company if the combined effect of three non-operating gain items in the aggregate amount of approximately HKD 312 million was excluded. The Group's results for the first nine months of 2015 recorded a combined gain in the aggregate amount of approximately HKD 312 million which was due to the following three non-operating gain items, comprising the acquisition of the 100% equity interest in Triumphant Success Limited (which indirectly holds an 80% interest in the Ruyingju Project) located in Panyu District, Guangzhou, the PRC. Resulting in the recognition of a gain on bargain purchase of approximately HKD 234 million; a foreign exchange gain on the release of exchange reserve of approximately HKD 48 million upon settlement of inter- company balances between the company and its subsidiary; and the imputed interest income arising from long-term receivables of approximately HKD 30 million. If the combined effect of the above-mentioned three non-operating gain items was excluded, the Group would have recorded an unaudited loss attributable to owners of the company for the nine months ended 30 September 2015.