The board of directors of Aurum Pacific (China) Group Limited announced that, based on the information currently available to the Board and the preliminary review on the unaudited consolidated management accounts of the Group for the year ended 31 December 2015, the Group is expected to record a loss attributable to the Shareholders (the "Loss") in the range of approximately HKD 20 million to HKD 23 million for the year ended 31 December 2015 as compared to the loss attributable to the Shareholders of approximately HKD 2 million for the year ended 31 December 2014. The Board believes that, despite the expected increase in turnover and gross profit from continuing operations of the Group for the year ended 31 December 2015, the aforesaid loss was mainly attributable to the increase in administrative expenses (including the legal and professional fees, amortisation of the intangible assets and the staff costs) and the impairment loss on the intangible assets in a range of approximately HKD 9 million to HKD 12 million recognised for the year ended 31 December 2015.