Excellent education terminates K9 discipline business


On the evening of December 17, excellence education group (03978. HK) announced that it planned to terminate the discipline training business at the stage of compulsory education from January 2022, which is expected to have a significant adverse impact on the company’s revenue in fiscal year 2022.
The announcement shows that from December 31, 2020 to June 30, 2021, the revenue from compulsory education and training services accounts for about 80% of the company’s total revenue. In the future, the company will focus its resources on quality education and vocational education.
Excellence education group was established in 1997 and listed on the Hong Kong Stock Exchange in 2018. It is an institution focusing on Extracurricular Education in primary and secondary schools in South China.