Leader Education Limited provides consolidated earnings guidance for the six months ended 29 February 2024. For the period, the group is expected to record a consolidated net profit after tax of not more than RMB 30 million for the Current Period as compared with a consolidated net profit after tax for the six months ended 28 February 2023 (the ?Previous Period?) of approximately RMB 41.1 million. The decline in profit was mainly attributable to the growth of revenue was lower than that of the increase in corresponding cost and the increase in finance cost.

Due to the need of meeting the qualification evaluation of undergraduate teaching work in the Current Period, the Group incurred more expenses for constructing and maintaining campus buildings and teaching facilities and organising student activities and teacher trainings for the Current Period as compared to the Previous Period. Also, there was an increase in finance cost for the Period as compared to the Previous Period due to increase in bank and other borrowings.