China Gingko Education Group Company Limited provided consolidated earnings guidance for the year ended 31 December 2022. For the year, the company, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2022 and other information currently available to the Board, as compared to the net profit attributable to owners of the Company of approximately RMB 38.7 million for the year of 2021, the Group is expected to record an increase in net profit attributable to owners of the Company of not less than 100% for the Reporting Period. To the best knowledge of the Directors, the above increase is primarily attributable to the significant increase of (a) student enrollments; (b) average tuition fees and boarding fees of the Group; and (c) gross profit margin of the Group during the Reporting Period.

As of 31 December 2022, the Group experienced a year-on-year growth of approximately 28.1% in the number of student enrollment. The continuous growth demonstrates that the Group's quality of education has been widely recognized and its leading position in the higher education industry is increasingly consolidated.