The board of directors of Synergis Holdings Limited that the Group is expected to record a loss for the six months ended 30 June 2017 as compared to a profit for the six months ended 30 June 2016. It is mainly attributable to a possible impairment of Hsin Chong Group Holdings Limited's trademark that the Group acquired along with the Interiors and Special Projects division in 2012 as a result of rebranding following the change of controlling shareholder of the Company. Such trademark carried a net book value (net of deferred tax liability) of approximately HKD 30 million in the consolidated balance sheet of the Group as at 31 December 2016. Besides, while the Property and Facility Management portfolio has remained stable, there is no assurance that the ISP division can secure more material new contracts in the first half of 2017 that is comparable to the six months ended 30 June 2016. The Group's operating costs have increased materially with the recruitment of new management teams and the investments in expanding new business lines for both the PFM and the ISP divisions. However, the management continues to work towards improving the Group's operating performance.