The board of directors of the Star Properties Group (Cayman Islands) Limited informed the shareholders of the company and its potential investors that, based on the 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 Group, it is expected that the Group will record an increase of no less than 50% in profit attributable to the Shareholders for the year ended 31 December 2017 as compared to that for the year ended 31 December 2016. Such increase was primarily due to the revenue recognition from the completed project, namely The Star, an industrial building developed by the Group, which is situated at the remaining portion of section B of Lot No. 693 in Demarcation District No. 445, Kwai Chung, New Territories, Hong Kong of approximately HKD 714 million.