OFFCN EDUCATION TECHNOLOGY CO., LTD.Performance Estimate for the First Three Quarters of 2021The Company and all the directors confirm that the information disclosed is true, accurate and complete withoutfalse records, misleading statements or material omissions.I. Performance Estimate
1. Estimate period:
(1) July 1, 2021 - September 30, 2021
(2) January 1, 2021 - September 30, 2021
2. Estimated performance: Losses
(1) Performance estimate for the third quarter of 2021
| Item | July 1, 2021 - September 30, 2021 | Same period of last year |
| Net profit attributable to the shareholders of the listed Company | Losses: RMB 602.8375 million—802.8375million | Profit: RMB 1,553.9202 million |
| Basic earnings per share (RMB/share) | Losses: RMB 0.10 / share—RMB 0.13 / share | Profit: RMB 0.25 / share |
(2) Performance estimate for the first three quarters of 2021
| Item | January 1, 2021 - September 30, 2021 | Same period of last year |
| Net profit attributable to the shareholders of the listed Company | Losses: RMB 700 million—900 million | Profit: RMB 1,320.8935 million |
| Basic earnings per share (RMB/share) | Losses: RMB 0.11 / share—RMB 0.15 / share | Profit: RMB 0.21 / share |
II. Pre-audit of the estimated performanceThe estimated performance of this period has not been audited nor reviewed by certified accountants.III. Statement for Performance VariationDuring this reporting period, the Company's performance experienced periodic losses due to thefollowing reasons: 1) the ahead-of-schedule multi-provincial joint examination of the civil servantrecruitment shortened the peak period of collecting training fees; 2) there has been recruitmentchanges and examination delays in the teachers section, the comprehensive section, and the medicalsection; 3) changes took place in the external and internal environments of the industry.The Company continues to optimize strategies in product, marketing, R&D and human resourcesmanagement, continuously strengthen online and offline integration (OMO), focus on the layout anddevelopment of key projects, optimize cost structure, improve incentive mechanisms, so that a morestable and efficient operation model can be created to respond to the policies, competitions andpandemic situations.IV. Other RemarksThe estimated result above is only preliminary calculation performed by the financial department ofthe Company. For the specific financial information, please refer to the Financial Report for theThird Quarter of 2021, which to be duly disclosed by the Company. Investors are reminded toexercise caution when making investment decisions.
Hereby announced.
The Board of Directors of OFFCN Education Technology Co., Ltd.
October 14, 2021