The board of directors of China Evergrande Group announced that based on the information currently available to the management, the Group is expected to record a substantial increase in its unaudited net profit and profit attributable to the company's shareholders for the half year ended 30 June 2017 as compared with the same period last year, with the unaudited net profit expected to be approximately 3 times of that for the previous year. The increase was primarily attributable to the strong increase in the average selling price of properties delivered by the Group during the relevant period as well as the substantial increase in the total gross floor area of such delivered properties; moreover, the Group has also completed the redemption of all of the perpetual capital instruments of the Group, which significantly increases the profit attributable to the company's shareholders for the current period.