The board of Star Properties Group (Cayman Islands) Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the group for the six months ended June 30, 2016 and the information currently available to the group, it is expected that the group will record a loss for the six months ended June 30, 2016 as compared with the profit recorded by the group for the six months ended June 30, 2015. Such loss for the six months ended June 30, 2016 was mainly due to the non-recurring listing expenses of approximately HKD 16.4 million incurred by the group in relation to the listing; and the decrease in revenue as a result of fewer number of properties sold during the same period.