Shanghai Zendai Property Ltd. provided group earnings guidance for the year ended December 31, 2014. For the period, the group is expected to record a significant loss for the year ended December 31, 2014 as compared to a profit recorded for the year ended December 31, 2013. Based on the preliminary review of the information currently available, such loss was mainly attributable to the following reasons: specific provision for diminution in value of the property under development project in Ordos of approximately HKD 320 million, significant increase in finance cost due to increased borrowings, the increase in share of the net loss of associates and joint venture companies and substantial decrease in turnover due to less properties were delivered.