The board of directors of Shangri-La Asia Limited announced to the shareholders of the company and potential investors that, based on the information currently available to the company and the preliminary assessment of the unaudited management financial statements of the Group, the Board anticipates that the Group's unaudited operating profit before non-operating items and after tax and after share of non-controlling interests (Operating Profit) for the year ended December 31, 2014 will increase by not less than 30% as compared to that for the year ended December 31, 2013. This improvement in the unaudited Operating Profit was principally due to the increase in operating results of the investment properties in Mainland China and the decrease in pre-opening expenses of new projects.