Investor Presentaiton

Financials Overview Revenue and profitability are typically higher in FQ1 - FQ3 as fewer classes are offered in FQ4 because of Chinese New Year. Quarterly Revenue RMB MM 86 129 104 84 71 68 70 59 10 FQ1'20 FQ2'20 FQ3'20 FQ4'20 FQ1'21 FQ2'21 FQ3'21 FQ4'21 Quarterly Gross Margin % 46% SEASONS 55% 51% 42% 38% 35% 37% 40% FQ1'20 FQ2'20 FQ3'20 FQ4'20 FQ1'21 FQ2'21 FQ3'21 FQ4'21 EDUCATION 22 22

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