The board of directors of AVIC International Holding (HK) Limited announced that the group is expected to record a substantial increase in the loss for the six months ended 30 June 2014 as compared to the corresponding period in 2013. This was mainly resulted from the fair value loss of approximately HKD 90 million arising on derivative financial instruments as compared to the gain in the corresponding period in 2013 of HKD 7.796 million; and the loss on derecognition of an available-for-sale investment of approximately HKD 19 million during the six months ended 30 June 2014.