Prepare the sauce. In a small bowl, combine Vegetarian Oyster Sauce, Light Soy Sauce, Sugar, White Pepper Powder, Cornstarch, and Water. Mix well and set aside.
Heat Vegetable Oil in a wok over medium-high heat. Add Minced Garlic and Sliced Ginger. Stir-fry until fragrant.
Add sliced King Oyster Mushrooms and julienned Carrots to the wok. Stir-fry for 3-4 minutes until mushrooms start to soften.
Add Asparagus to the wok. Continue to stir-fry for another 2-3 minutes until asparagus is crisp-tender.
Pour the prepared sauce mixture into the wok. Stir quickly to coat all ingredients and allow the sauce to thicken.
Stir in Roasted Cashew Nuts just before serving. Toss gently to combine. Serve immediately with rice.
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