On June 5th, Li Yongxin, the director of Offcn Education Technology, said in an interview, "Many rumors about the company and myself are seriously untrue. Since 2021, due to the impact of policies such as double reduction, epidemics, and refunds, the company has encountered some problems. From myself to the entire team, we are actively facing and solving problems. At present, the company's operations are normal, achieving a profit of 82 million yuan in the first quarter, a year-on-year increase of 240% compared to last year. The second quarter is also steadily improving, and many branches, such as Sichuan, Guangdong, Hunan, Shandong, Shaanxi, Shanghai, Zhejiang, etc., have all improved significantly. At present, Offcn has 783 direct-operated campuses and both business and teaching activities are proceeding normally. More than 10,000 teachers and staff are working hard on the front line to deliver teaching to hundreds of thousands of enrolled students." (E Company)