Scholar Education Group provided group earnings guidance for the year ended December 31, 2020. For the period, based on the preliminary review and analysis of the consolidated management accounts of the group for the year ended December 31, 2020 and other information currently available to the board, the board expected that the group will record a net profit of between RMB 48 million and RMB 55 million (for the year ended December 31, 2019: RMB 94.8 million). The board expected that the group will record an increase in revenue of approximately 5% for the year ended December 31, 2020.