The board of directors of Xinming China Holdings Limited informed the shareholders of the company and potential investors that, based on the information currently available to the company, the group is expected to record a significant increase in the profit attributable to the owners of the company for the year ended 31 December 2017 as compared to the corresponding period in 2016. The expected increase is mainly attributable to the substantial increase in revenue from sale of properties, of which Hangzhou Xinming - Children's World Project of the Company has delivered a gross floor area of approximately 84,000 square meters; and the sale of the Property amounted to approximately RMB 1.7 billion.