The Board of LT Commercial Real Estate Limited announced that, according to information available to the Company's management, it is anticipated that the Group will record a profit for the year ended 31 December 2017 as compared to a loss for the corresponding period in 2016. Based on the information currently available, such turnaround from loss to profit, is mainly due to the following factors: the recognition of revenue from sales of properties upon the completion of construction and delivery of certain residential units in Tangshan Lerthai City to purchasers during the current year; the decrease in other loss regarding change of fair value of convertible bonds designated at fair value through profit or loss; the absence of share option expenses for the year as compared to HKD 69 million for the corresponding period in 2016; and the increase in fair value of investment properties in the PRC.