The board of directors of Shui On Land Limited announced that, based on the information currently available to the management, the Group is expected to record a substantial increase in its unaudited profit attributable to the Company's shareholders for the year ended 31 December 2017 of not less than 50% over that of the previous year, and a reduction of not less than 15% in net gearing as compared with the previous year. The increase in profit attributable to Company's shareholders was primarily attributable to the margin improvement from the recognized property sale of the Group during the year and the various assets disposal contracted in 2017. In addition, the appreciation of Renminbi in the latter half of 2017 has had a positive impact on the financial performance of the Group.