Asia Cassava Resources Holdings Limited provided earnings guidance for the nine months ended December 31, 2019. The board of directors of the Company announced the shareholders and potential investors of the Company that based on a preliminary assessment of the Group's unaudited management accounts for the nine months ended December 31, 2018, the Group's results for the period were deteriorated as compared with corresponding period of last year. It was mainly attributable to the intensified trade friction between China and the United States, leading to the slowdown in the economy and the sluggish markets for various industries in China. As such, the domestic customers' demand in China for dried cassava chips has also decreased accordingly. The Group's revenue from sales of dried cassava chips during the Period were decreased as compared with the corresponding period of last year. However, the overall financial position of the Group remained stable.