Tian An China Investments Company Limited announced that, based on the preliminary assessment of the unaudited consolidated management accounts for the ten months ended 31 October, 2021, the profit attributable to the owners of the Company (the "Attributable Profit") for the year ending 31 December, 2021 is expected to have a significant increase by more than 70% as compared with the Attributable Profit of approximately HKD 618.0 million for the year ended 31 December, 2020. The primary reason for the increase in the expected Attributable Profit for the year ending 31 December, 2021 was an increase in the fair value gain on transfer of inventories of completed properties to investment properties for the year ending 31 December, 2021 compared with the year ended 31st December, 2020, which was mainly attributable to a fair value gain of an investment property of the Group, being a newly completed commercial and entertainment complex in Shanghai, the People's Republic of China.