OFFCN EDUCATION TECHNOLOGY CO., LTD.
Semi-Annual Performance Estimate 2020The Company and all the directors confirm that the information disclosed is true, accurate,complete and with no false recording, misleading statement or material omission.I. Performance Estimate
1. Estimate period: January 1, 2020—June 30, 2020
2. Estimated performance: Losses
| Item | Current reporting period | Same period of last year |
| Net profit attributable to the shareholders of the listed Company | Losses: RMB 200 million—300 million | Profits: RMB 493.0255 million |
II. Pre-audit of the estimated performance
The estimated performance of this period has not been audited nor reviewed by certifiedaccountants.III. Statement for Performance VariationDuring this reporting period, due to the impact of COVID-19 pandemic, a significant number ofprovincial civil servant recruitment tests, which were to take place at the end of April, have beenpostponed to August 22, 2020. Therefore, compared with the same period last year, the related incomeis delayed by 4 months simultaneously, which results in the decline of recognized revenue of thisreporting period.
During the reporting period, the government has introduced a great deal of policies to stabilize theemployment, which confirms and reinforces the trend of expanding recruitment in public education,medical and other public service sectors. With the published recruitment announcements, the overallnumber of recruitment headcounts has increased by more than 30% over the same period last year.During the pandemic, the Company further cemented its leadership in the online services and OMObusiness. It is estimated that with the growing need of recruitment in public service sectors and the fullrecovery of face-to-face classes, the Company’s comprehensive advantages will be further expanded.
IV. Other RemarksThe estimated result above is only preliminary calculation performed by the financial departmentof the Company. For the specific financial information, please refer to the Semi-annual Report 2020 tobe duly disclosed by the Company. Investors are reminded to exercise caution when making investmentdecisions.Hereby announced.
The Board of Directors of OFFCN Education Technology Co., Ltd.
July 14, 2020