The board of directors of V1 Group Limited announced that, based on the preliminary review of the unaudited management accounts of the Group and the information currently available to the Board, it is estimated that the Group will record an increase in loss attributable to owners of the Company for the six months ended 30 June 2016 as compared to the loss attributable to owners of the Company for the corresponding period in 2015. The expected attributable loss for the period was mainly attributable to, among others, the Group's tele-media business was still undergoing a strategic realignment process; cost incurred for the development of a series of new Internet Plus businesses; and the adverse effects of the suspension of the operations of online sale of paperless lottery tickets and sale of lottery tickets through mobile phones of the Group's business partners in Mainland China.