China Maple Leaf Educational Systems Limited provided earnings guidance for the year ended August 31, 2016. The board of directors of the company informed the shareholders, based on a preliminary review of the unaudited management accounts of the Group for the year ended 31 August 2016, the Group is expected to record an increase of not less than 40% in net profit for the year ended 31 August 2016, as compared with that of the year ended 31 August 2015. Based on information available to date, the expected increase in net profit of the Group was primarily attributable to (i) an increase in revenue, due largely to an increase in student enrollment, (ii) an increase in gross profit margin, due primarily to an increase in utilization of certain schools and an increase in tuition fee rates of certain schools and (iii) an effective cost control on administrative expenses.