The board of directors of China Assurance Finance Group Limited announced that, based on the information currently available to the Board, it is expected to record the net loss after tax for the year ended 31 December 2015 as compared with the net profits for the six months and nine months ended 30 June 2015 and 30 September 2015 respectively. Such net loss was mainly attributable to, among other things, (i) the expenses related to the grant of share options to eligible persons of the Group on 12 November 2015 and 17 December 2015 which is one-off and non-cash in nature; and (ii) increase in administrative and operating expenses.