Scholar Education Group provided earnings guidance for the year ended 31 December 2019. Based on the preliminary review and analysis of the consolidated management accounts of the Group for the year ended 31 December 2019 and other information currently available to the Board, it is expected that, without taking into account the effects of the non-recurring listing expenses incurred for the year ended 31 December 2019 in preparation for the listing of the Company in June 2019; and the employee benefit expenses in relation to the share options granted to the employees of the Group in September 2019; and the adoption of International Financial Reporting Standard 16 -- Leases with effect from 1 January 2019 (which resulted in the amortisation of right-of-use assets and interest recognised on lease liabilities), all of which are not directly attributable to the operating performance of the Group, the Group would record an increase in net profit after tax from continuing operations of not less than 60% as compared with that for the year ended 31 December 2018.