The board of directors of CIAM Group Limited announced that the company expects to record an consolidated increase in loss attributable to the shareholders of the company for the year ended December 31, 2014 as compared to the loss recorded for the year ended December 31, 2013. Based on the preliminary assessment of the unaudited management accounts of the group for 2014 and information currently available to the board, the expected increase in loss, on a year-on-year basis, was primarily attributable to (i) the group's share of the operating loss incurred by Agnita Limited; (ii) no material fair value gain from the revaluation of the group's investment portfolio for 2014; and (iii) the decrease in interest income.