Wanda Hotel Development Company Limited provided earnings guidance for the full year ended 31 December 2014. The Group is expected to record a net loss for the year ended 31 December 2014 as compared to a net profit in the corresponding period in 2013. Such net loss was mainly attributable to a decline in the recognition of revenue of approximately HKD 1,162 million; and a decline in fair value of approximately HKD 147 million at the Group's investment properties Hengli City in Fujian Province in the People's Republic of China; an increase in selling expenses of approximately HKD 107 million due to a significant increase in pre-sale activities in year 2014.