The board of directors of Sino-i Technology Limited announced that the group may record a significant consolidated loss of about HKD 120 million for the year ended 31 December 2014 as compared to a consolidated loss of about HKD 30 million for the corresponding period in 2013. The unaudited consolidated loss of HKD 120 million may be mainly due to the following: substantial increment in expenditures in R&D; and impairment of development cost which was classified as intangible assets resulting from written-off of fade out IT products.