Asian Citrus Holdings Limited provided its earnings guidance for the six months ended 31 December 2020. For the six months, the company expected that the Group will record a profit of approximately RMB 6.3 million for the six months ended 31 December 2020 as compared to a loss of approximately RMB 2.8 million for the six months ended 31 December 2019. The expected improvement in profitability for the HY2020/21 is primarily attributable to the following reasons: the Group's revenue is expected to increase by approximately 2.8% for the HY2020/21 as compared to the HY2019/20. Such increase in revenue is mainly due to the harvest season of winter oranges in the Hepu Plantation started and completed in December 2020 and the increase in transaction volume of fruits from fruit distribution business; the Group's staff costs are expected to decrease due to the decrease in the total number of staff of the Group and tightening cost control on staff benefits; the Group's general and other administrative expenses is expected to decrease due to the decrease in legal and professional fees incurred for various corporate matters, including but not limited to the resumption of trading in shares of the Company; and the Group successfully implemented stringent cost control measures.