Bojun Education Company Limited provided unaudited earnings guidance for the year ended 31 August 2021. For the period, the company expected to record loss ranging from approximately RMB 180 million to RMB 250 million as compared with a profit for the year ended 31 August 2020 of approximately RMB 15.2 million. The Board considers that such turnaround from profit to loss was primarily attributable to deconsolidation of schools which provide compulsory education services and not-for-profit kindergartens operated by the Group.