At least six mainland-listed companies made exchange filings Sunday on the impact from China’s sweeping rules on after-school tutoring, vowing compliance while evaluating possible adverse effects on their business.
Shenzhen-listed Doushen Beijing Education & Technology Inc. and Dongguan Kingsun Optoelectronic Co. said they expect a major negative impact on performance as curriculum tutoring makes up a large part of their businesses. XueDa XiaMen Education Technology Group Co. and two other firms said they see some or little impact on their revenue and profit.
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July 25, 2021 at 06:02PM
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China-Listed Tutoring Firms Evaluate Impact From New Regulations - Bloomberg
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