The board of directors of Imperial Pacific International Holdings Limited announced that the Group is expected to record a significant increase in net loss for the six months ended June 30, 2015, as compared with that for the corresponding period in 2014. The expected significant increase in loss was mainly attributable to the amortization of prepaid casino resort developer license payments and increase in administrative and other expenses due to the development of integrated resort business on the Island of Saipan; the impairment of trade receivables arising from food products processing and trading business; the decrease in accrued revenue from sharing of profit stream; 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.