The Excellence Education Group (03978.HK) announced that it plans to terminate the business of subject training services in compulsory education from January 2022. As a result, it is expected to have a significant adverse impact on earnings in 2022. In 2020 and the first half of this year, revenue from compulsory education training services accounted for about 80% of the company's total revenue.

In the future, the company will continue to concentrate resources on the exploration and development of quality education and vocational education.