Shenzhen International Holdings Limited informed the shareholders and potential investors that, based on its preliminary review of the latest unaudited consolidated management accounts of the Group and the profit that will be recognized in respect of the Group's Qianhai Project as disclosed in this announcement, it is expected that the Group will experience a substantial increase of approximately 60% in its profit before taxation for the year ended 31 December 2017 as compared with the corresponding period in 2016. Such expected increase is mainly attributable to the recognition of profit before taxation for 2017 of approximately HKD 2,840 million (approximately RMB 2,440 million) pursuant to the supplemental agreement to the land consolidation and preparation framework agreement entered into by the Group.