Bojun Education Company Limited provided earnings guidance for the year ended August 31, 2018. The company is expected to record a decline of around 55% to 65% in net profit for the year ended August 31, 2018 as compared to that for the year ended August 31, 2017. Such decline is primarily attributable to the start-up cost of three newly established schools, namely Nanjiang Bojun School, Wangcang Bojun School and Pengzhou Bojun School (being the Chengdu School as defined in the Prospectus), which commenced operations in the 2018/2019 school year.