The board of directors of the Imagi International Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary review on the unaudited consolidated management account for the six months period ended June 30, 2017 of the Company and information currently available to the Board, the Group expects to record a significant decrease in unaudited net loss by 25% to 30% as compared to unaudited net loss recorded for the same corresponding period in 2016. Such decrease in loss was primarily due to the incurrence, in the corresponding period 2016, of the forfeiture of a non-refundable deposit as a result of the lapsed of a proposed very substantial acquisition.