Asia Cassava Resources Holdings Limited provided earnings guidance for the six months ended 30 September 2019. For the period, it is expected that the Group's results for the Period record a loss whereas it recorded a profit of approximately HKD 5 million. As the trade friction between China and the United States continues and leads to the slowdown in the economy and the sluggish markets for various industries in China, the domestic customers' demand in China for dried cassava chips has also decreased accordingly. As such, the Group's revenue and average gross profit margin from sales of dried cassava chips during the Period were decreased as compared with the corresponding period of last year. In addition, the Group's finance costs were increased due to inclusion of the bank loan for investment property acquired last year. However, the overall financial position of the Group remained stable.