The board of directors of Scholar Education Group informed the shareholders and potential investors of the Company that, based on the preliminary review and analysis of the consolidated management accounts of the Group for the six months ended 30 June 2019 and other information currently available to the Board, it is expected that, without taking into account the effects (the “Effects'') of (i) the non-recurring listing expenses incurred for the six months ended 30 June 2019 in preparation for the listing of the Company in June 2019; and (ii) the adoption of International Financial Reporting Standard 16 -- Leases with effect from 1 January 2019 (which resulted in the amortization of right-of-use assets and interest recognised on lease liabilities), both of which are not directly attributable to the operating performance of the Group, the Group would record an increase in net profit after tax from continuing operations of not less than 50% as compared with that for the six months ended 30 June 2018. The Board considers that such increase was attributable to an improvement in operating performance primarily as a result of (i) an increase in total tutoring hours, which in turn contributed to an increase in revenue; and (ii) the Group's continued efforts in improving operation efficiency. It is expected that, taking into account the aforementioned Effects, the Group's net profit after tax from continuing operations for the six months ended 30 June 2019 would not significantly deviate from that for the six months ended 30 June 2018.