Tern Properties Company Limited provided consolidated earnings guidance for the six months ended September 30, 2015. For the six months, the company expected that the Group will record a loss for the six months ended 30 September 2015, as compared to a profit for the six months ended 30 September 2014. Both rental income and treasury investment income increased as compared with the same period of last year, but the Group still record a loss for the six months ended 30 September 2015 due to decrease in fair value of investment properties.

However, the company has yet to finalise the unaudited interim results of the Group for the six months ended 30 September 2015. As such, the information contained in this announcement is only based on the preliminary assessment by the management of the company with reference to the information currently available including the unaudited consolidated management accounts of the Group, which have not been reviewed by the company's auditors or the audit committee of the company and which are therefore subject to adjustments. The actual interim results of the Group for the six months ended 30 September 2015 may therefore be different from what is disclosed in this announcement.

Shareholders and potential investors are advised to read carefully the interim results announcement of the company for the six months ended 30 September 2015, which is expected to be published by the end of November of 2015.