The board of directors of Asia-Pac Financial Investment Company Limited announced that, based on the unaudited consolidated management accounts of the Company for the three months ended 30 June 2019, it is anticipated that the Group is expected to record a loss not less than approximately HKD 23 million for the Period as compared to a profit for the period ended 30 June 2018. Based on the relevant information available, the Board considers that such loss was mainly attributable to the recognition of non-cash expenses for share based payment of approximately HKD 9.0 million and fair value loss on financial assets at fair value through profit or loss amounted to approximately HKD 12.1 million.