iCar Asia Limited ('iCar Asia' or the 'Company') announced that it is withdrawing guidance for fiscal year 2020. The company is assessing the impact of COVID-19 on an ongoing basis including the impact on its financial performance. Given the circumstances and uncertainty in the current environment in which the company operates, at this time the Company believes it is prudent to withdraw its financial guidance for fiscal year 2020, with the hope of re-issuing once the full impact of COVID-19 is understood. The Company remains committed to helping the automotive industry through this period and hopes for a return to normal operations in the near future.