Neusoft Education Technology Co. Limited provided preliminary unaudited consolidated earnings guidance for the six months ended June 30, 2022. For the period, it is expected to record an increase of not less than 50% in the profit as compared to the corresponding period in 2021.

Such increase was mainly due to: the continuing increases in the number of student enrollments and average tuition fees of Dalian Neusoft University of Information, Chengdu Neusoft University and Neusoft Institute Guangdong of the Group during the Period; the rapid growth of education resources provision business of the Group during the Period; and that the Group received government grants during the Period. The increases in the profit for the period attributable to owners of the Company and the adjusted net profit for the period attributable to owners of the Company were also due to the acquisition completed by the Company on 1 June 2021 of 19.18% interest in Dalian Neusoft Ruixin Technology Development Co., Limited. As a result, the owners of the Company possess 100% of the net profit of Neusoft Ruixin in the first six months of 2022 (compared with 80.82% of the net profit of Neusoft Ruixin in the first five months and 100% of the net profit of Neusoft Ruixin in the sixth month of 2021).