Sunshine 100 China Holdings Ltd. announced it is expected that the annual profit of the Group for the year ended 31 December 2020 will decrease by more than 50% as compared with the corresponding period of 2019. The expected decrease was mainly due to (1) the decrease in recognition of gain on disposal; and (2) the lower valuation gains on investment properties of the Group and lower revenue recognition due to the delayed delivery of properties as a result of the adverse impact of the COVID-19 pandemic.