The board of directors of Poly Property Group Co., Limited announced that the Group is expected to record a decrease of approximately 70% in profit attributable to owners of the Company for the year ended December 31, 2014 as compared with that for 2013. Such expected decrease was mainly attributable to the following reasons: a decrease in the gross profit due to increased cost of sales; no exchange gain recognized; a decrease in revaluation gains from investment properties; an increase in finance costs; an impairment loss on properties under development and properties held for sale; and a decrease in gain on disposal of interests in subsidiaries.