Willas-Array Electronics (Holdings) Limited provided consolidated earnings guidance for the second quarter and six months ended September 30, 2019. The board of directors of the company inform the shareholders and potential investors of the company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended September 30, 2019 and the six months ended September 30, 2019, it is expected that the Group is likely to record a consolidated net loss for the fiscal year 2020 Interim as compared to a consolidated net profit for the six months ended September 30, 2018. It is also expected that the Group is likely to record a significant increase in consolidated net loss for second quarter of fiscal year 2020 as compared to the consolidated net loss for the three months ended September 30, 2018. The expected consolidated net loss to the Group is mainly attributable to: the decline in sales revenue of the Group as a result of the continuing US-China trade tensions that have dampened consumer sentiment; stock provision made for the slow-moving inventories due to slowdown of market demand; and an exchange loss arising from the depreciation of the Renminbi.