Asia Investment Finance Group Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company based on the information currently available to the group, the group expects to record a higher level of loss in the financial results for the year ended 31 December 2016 compared with that of last year. The board considered that the increase in loss for the year is mainly attributable to aggregated losses resulting from deregistration of three subsidiaries of approximately HKD 30 million; the group's delegation in procuring new investment business for the group and strengthening the establishment of the management team, resulting in an increase of approximately 2 times in administrative expenses comparing with last year, thus more than about two times of the operating expenses comparing with last year; and loss recorded during the year of about HKD 8 million in disposal of a non-performing associated company.