We are a leading general ELT service provider in China. We are committed to improving the overall English competence and practical skills of the general Chinese population. According to the Frost & Sullivan Report, we are the second largest player in China’s offline general ELT market, which comprised approximately 74.1% of the general ELT market in terms of revenue in 2018. The increasing globalization and insufficient supply of effective ELT services in China have led to an increasing demand for practical English learning in China, while the general ELT market is underserved with a low penetration rate of 2.1% in 2018, according to the Frost & Sullivan Report, reflecting a substantial growth potential of the market. The ELT market in China had grown at a CAGR of 19.0% from 2013 to 2018 and is forecasted to grow at a CAGR of 20.7% from 2018 to 2023, reaching a total market size of RMB365.9 billion in 2023, according to the Frost & Sullivan Report.