Asia Cassava Resources Holdings Limited provides earnings guidance for the year ending March 31, 2012. The board of directors of the company is expected that the profit of the group for the year ending March 31, 2012 will record a significant decrease as compared to that for the year ended March 31, 2011. To the best knowledge of the board, the expected decrease in profit of the group is mainly caused by the fact that, as previously stated in the company's announcement dated September 30, 2011 and the interim report for the six months ended September 30, 2011, amidst the rising Consumer Price Index in the mainland China, the rise in domestic price level of corns was controlled. Thus, the group was not able to set its selling prices with reference to the international cassava chips prices and fully pass on the rise in procurement cost to its customers, which results in a decrease in the Group's overall gross profit margin.