Imperial Pacific International Holdings Limited board of directors announced that based on a review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2014, the Group is expected to record a significant increase in net loss for the year ended 31 December 2014, as compared with that for the corresponding period in 2013. The expected significant increase in loss was mainly attributable to: the decline in profit margin and increase in segment loss of food products processing and trading business as a result of increased operating cost; the impairment of trade receivables arising from food products processing and trading business; the increase in administrative and other expenses due to the development of integrated resort business on the Island of Saipan; the substantial impairment loss in respect of intangible assets recorded; and the recognition of share-based payment expenses, which is a non-cash expense, as a result of the granting of share options by the company.