China Chuanglian Education Group Limited announced earnings guidance for the six months ended 30 June 2015. The company expected to record an increase in loss attributable to owners of the company, as compared to the loss attributable to owners of the company for the six months ended June 30, 2014. The Board believes that the expected increase in loss attributable to owners of the Company for the six months ended 30 June 2015 was mainly attributable to the following reasons: increase in administrative expenses mainly due to the share-based expense arising from the options granted to eligible participants on 4 May 2015 as incentives for better development of the Group's businesses.

Such expense does not have any impact on the Group's cash flow; and increase in selling and marketing expenses as a result of the increase in the Group's revenue.