Huali University Group Limited provided earnings guidance for the year ended August 31, 2020. For the period the company expected to record an increase of not less than 30% in adjusted net profit as compared to that for the year ended August 31, 2019. The aforesaid expected increase in adjusted net profit is mainly attributable to the following factors: the increase in the number of students for the 2019/2020 school year as compared to that for the 2018/2019 school year; and the increase in average tuition fees for the 2019/2020 school year as compared to that for the 2018/2019 school year.