The board of directors of Landing International Development Limited inform shareholders of the company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2017 and the information currently available to the Board, it is expected that the Group may record a net profit for the year ended 31 December 2017 while there was a net loss recorded for the year ended 31 December 2016. The expected turnaround of the Group's performance is mainly attributable to (i) gain on disposal from discontinued operations in the United Kingdom; (ii) realized gain from available-for-sale financial assets; (iii) segment profit of property development arising from revenue recognition upon delivery of the properties to the purchasers; (iv) gain on fair value change of financial assets at fair value through profit or loss; (v) gain on fair value change of investment properties; and (vi) reversal of impairment for other receivable.