Gelonghui March 30th 丨South China Vocational Education (06913.HK) Notice,For the year ended 31 December 2021, the company achieved revenue of 500 million yuan, an increase of 11.2% over the previous year; adjusted net profit of 179 million yuan during the year; basic and diluted profit of $0.13 per share; and a final dividend of HK5.6 cents per share.

The increase in the Group's revenue was mainly due to (i) the increase in the total number of full-time students enrolled at the Lingnan Institute of Modern Technicians and the average tuition and boarding fees during the reporting period, which led to an increase in tuition and boarding fees; (ii) an increase in continuing education courses during the reporting period; and (iii) the increase in boarding fees due to the COVID-19 pandemic for the year ending 31 December 2020, which led to the Group's refund of boarding fees for the 2019/2020 academic year in accordance with relevant education department regulations.