Asian Citrus Holdings Limited provided earnings guidance for the year ended 30 June 2021. Based on its preliminary assessment of the unaudited financial information and management accounts of the Company, together with its subsidiaries, for the year ended 30 June 2021 and information currently available to the Board, the Group is expected to record a revenue of approximately RMB 195.6 million and a net operating profit of approximately RMB 4.0 million for representing a decrease of approximately 56.7% and 83.9%, respectively, as compared to that of the corresponding year ended 30 June 2020. The decrease in the Group's net operating profit in was mainly due to the significant decrease in revenue generated from the Group's planting, cultivation and sales of agricultural produce in the PRC market and distribution of high-quality fruits in the PRC. The decrease in revenue of the Group was mainly attributable to: with respect to the Plantation Business, the decrease in both production volume and sales volume for oranges as a result of poor weather in Hepu area between January to April 2021, and the average selling price of summer oranges during the harvest season in 2021 as a result of the reduction the volume of premium-grade oranges being sold at a higher price caused by poor weather; and with respect to the Fruit Distribution Business, the reduction in the volume of fruit imported due to (a) the imposition of more restriction controls on certain fruits imported from the United States of America and Australia by the Chinese government; the negative impact on logistics for transportation of durians from Malaysia under tightened lockdown measures to curb the risk of COVID-19 infection during the first half of 2021; the negative impact on customers' confidence in the fruit market due to rumors associated with imported fruits carrying coronavirus; and a temporary decline in the demand for high-quality fruits from certain major customers of the Fruit Distribution Business as a result of weak consumer spending sentiment suffering from the impact of the COVID-19 pandemic and the trade war negotiation between China and the USA.