The board of directors of Vanke Overseas Investment Holding Company Limited informed shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 (the "Year") and the information currently available to the company, it is expected that, without taking into account (i) the change in fair value of the investment properties; and (ii) the change in fair value of investment properties and share of results of associates, the Group will record an increase of underlying profit for the Year of no less than 65% and 80%, respectively, as compared to the Group's underlying profit of approximately HKD 132.4 million and HKD 115.6 million, respectively, recorded in the audited consolidated financial statements of the Group for the year ended 31 December 2019.