Lippo China Resources Limited revised earnings guidance for the six months ended Sep. 30, 2015. For the period, the company currently estimated that the LCR Group is likely to record an impairment loss of approximately HKD 60 million on its properties under development for the six months ended September 30, 2015 by reference to the value of the Consideration Shares. Accordingly, the amount of such impairment loss attributable to the Lippo Group (which is calculated based on Lippo's 71.24% interest in LCR) shall be approximately HKD 43 million for the Period. Based on the information currently available to LCR, the Board of LCR estimates that the loss to be recorded by the LCR Group for the Period is likely to be increased to not less than HKD 300 million, as compared to a profit of HKD 6 million for the six months
ended September 30, 2014.

For the period, the company currently estimated that the LCR Group is likely to record an impairment loss of approximately HKD 60 million on its properties under development for the six months ended September 30, 2015 by reference to the value of the Consideration Shares.