Future Land Development Holdings Limited provided group earnings guidance for the first half year ended June 30, 2015. The board of directors of the company announced that, based on the preliminary review of the latest available unaudited management accounts of the group, it is expected that: the fair value gains on investment properties at the group's level will increase significantly from RMB 36.9 million as at June 30, 2014 to approximately RMB 200 million as at June 30, 2015; and there will be no material change to the group's core earnings (excluding after-tax fair value gains on investment properties) attributable to equity holders of the company for the first half of 2015 compared to that of the same period of last year (the first half of 2014: RMB 95.2 million). The increase in the fair value gains on investment properties was mainly resulted from the group's increase in the holding of investment properties in areas such as Suzhou, Zhenjiang, Nanchang, Anqing and Changchun.

The group is therefore expected to record a significant increase in the consolidated net profit attributable to the equity holders of the company for the six months ended June 30, 2015 as compared to that for the corresponding period in 2014. Such increase is primarily attributable to the significant increase in the fair value gains on investment properties held by the group.