Tianli Education International Holdings Limited provided capital expenditures guidance for the full year of 2018. For the period, the company expects to incur approximately RMB 984.4 million in capital expenditures in 2018 primarily for the construction of schools, expect to fund primarily through cash generated from operations, bank facilities, and net proceeds to be received from the Global Offering. The company current capital expenditure plans for any future period are subject to change, and company may adjust capital expenditures according to company future cash flows, results of operations and financial condition, company business plans, the market conditions and various other factors.