The board of directors of Soundwill Holdings Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the group, the group is expected to record a significant decline in the consolidated profit attributable to the shareholders for the year ended December 31, 2013 as compared with the corresponding year ended December 31, 2012. The Board considers that such decline is mainly due to (i) decrease in revenue recognized from property development; and (ii) the decrease in the net gain on fair value adjustments on the group's investment properties, as already indicated in the previous profit warning announcement dated August 16, 2013 on the company's interim results for the six months ended June 30, 2013.