The board of directors of China Gingko Education Group Company Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 (the "Reporting Period") and other information currently available to the company, as compared to the corresponding period in 2019, the Group is expected to record a decrease in net profit of approximately 40% to 50% for the Reporting Period.