The board of directors of the Asia Investment Finance Group Limited announced that the group expects to record a higher level of loss in the financial results for the six months ended 30 June 2016 compared with that of same period last year. The Board considered that the increase in loss for the period is mainly attributable to the group's delegation in procuring new investment and business opportunities for the group, thus more than doubling the operating expenses, in particular areas of human resources expenses, professional and consultancy fees and operating lease expenses; and a loss recorded during the period of about HKD 12.7 million in disposal of a non-performing associated company.