Financial Highlights

* Adjusted financial information refers to activities for the yearexcluding share-based payments and impairment losses charged/reversed.

HONG KONG, CHINA - MediaOutReach - 29 March2019 - China Chuanglian Education Financial GroupLimited (HKEx stock code: 2371.HK, the "Group") announced its annual results and financial position. For the year ended 31 December2018, the Group recorded a turnover of approximately RMB152.1 million (2017:approximately RMB134.0 million), representing an increase of 13.5% as comparedto the last corresponding period. During the year, the Group recorded aturnaround to profit attributable to owners of the Company of approximately RMB7.6million, (2017: loss attributable to owners of the Company of approximatelyRMB15.2 million).

The basic earnings per share for the yearwere approximately 0.15 RMB cents (2017: basic loss per share of approximately0.33 RMB cents).

BusinessReview

Educationalconsultancy and online training and education services

The Group is principally engaged in theprovision of the online training and education services in the PRC. Being one of the very fewpioneers of online education providers in the PRC, the Group mainly providesvocational training in relation to job adaption and skill enhancement to civilservants and professional technical personnel, such as lawyers, accountants,doctors, teachers, etc., in the PRC. The current population of civil servantsand professional technical personnel in the PRC is over 84 million. There arecertain requirements under the PRC laws and relevant provisions that, civilservants and professional technical personnel in the PRC are required toundertake an annual required minimum continuing professional training in bothpublic required subjects and relevant professional subjects in order to satisfytheir corresponding job requirements and professional development needs.

The Group is currently providing onlinetraining and education services to its users through internet andtelecommunication networks. The Group is operating over 130 online training andeducation platforms and a mobile terminal learning platform, Rongxue App* (融學App). Currently, the Grouphas over 5 million of paid users. Since the launch of Rongxue App in 2016, itsregistered users have increased rapidly to nearly 3 million in the currentyear.

During the year, the Group continued toexpand online training and education business to more geographical areas in thePRC. The Group's online training and education business currently covers 18 provinces,autonomous regions and municipalities as well as 40 cities in the PRC.

In addition to the domestic training andeducation business, the Group commenced its international training andeducation business during the year. The Group introduced a high qualityinternational curriculum "Innovation Entrepreneurship" program from aprofessional development center of a prestige American university to the highereducation institutions in the PRC. The Group believes that the "InnovationEntrepreneurship" program can help to enhance the creativity and forwardlooking capability of the young people in the PRC.

FinancialServices

Leveraging on the accurate big dataaccumulated from the online training, the Group has taken certain steps to expand into financialservices business. The Group is one of the promotors of Xinmei Mutual Life Insurance Agency* ("XinmeiMutua"), the first mutual life insurance agency in the PRC, which launched itsformal insurance products in 2017.

In addition, the Group has acquiredBeijing Zhongjin Insurance Brokerage Limited* ("Beijing Zhongjin") and WellTunes Financial Group Limited ("Well Tunes") in 2017 in order to act as agentof the insurance products from Xinmei Mutal and other insurance companies. Theinsurance brokerage business achieved a significant progress and recording arevenue of approximately RMB9.5 million for the Reporting Period.

In order to complete the layout of ourfinancial services business, the Group completed the acquisition of the entireequity interest in Premier Management Limited ("Premier Management") inSeptember 2018. Premier Management is a corporation licensed under theSecurities and Futures Ordinance to conduct type 1 (Dealing in Securities), 4(Advising on Securities) and 9 (Asset Management) regulated activities. Suchacquisition would enable the Group to provide more all rounded financialservices to our potential customers inherited from our online education and trainingbusiness.

Future Plans

Over the past few years, the Group'sonline training and education business has gradually increased its geographicalcoverage in the PRC. In the coming years, the Group will continue to expand itsgeographical coverage to new business areas and promote the online training andeducation penetration rate in the existing business areas.

In addition to the business-to-businessmodel the Group has adopted over the past few years, the Group intends to allotmore resources in developing the business-to-consumer model in the foreseeablefuture in order to increase the consumers' adherence and loyalty to trainingand education platforms.

Furthermore, the Group plans to launchits online to offline model ("O to O") whenever it is desirable so that customerscan enjoy the convenience of selecting and paying for the suitable trainingcourses online as well as enjoying the better post-sales servicing andinteraction with local offices and staff.

In addition to the existing trainingcenter in Nanning of Guangxi Zhuang Autonomous Region, another new trainingcenter in Chengdu of Sichuan Province is expected to commercially launch in2019 which would give the Group more capability to accommodate the increasingneed of O to O training. Also, the increase of O to O training can also help toincrease the average revenue per user in the future.

After the launch of internationaltraining and education business with the "Innovation Entrepreneurship" program,the Group will seek to increase co-operation with more foreign reputable educationinstitution to provide other programs of high quality international curriculumto suit the different needs and requirements of the different profession in thePRC. The Group believes the introduction of more high quality internationalcurriculum to the PRC market can help to improve the overall quality ofeducation in the PRC as well as the international vision of the professionalsin the PRC.

In the coming future, the Group isplanning to establish local offices of insurance brokerage business in majorcities in the PRC in order to capture the nationwide demand for insuranceproducts and provide high quality post-sales services to the customers. Apartfrom insurance related business, the Group has taken steps to enter into the securitiestrading and asset management business to further satisfy the potentialfinancial needs of customers. The Group believes that the potential offinancial services business is huge, given possession of huge amount ofoccupation-specific data which can help to conduct comprehensive analysis of uniqueneeds and requirements of customers.

The Group believes that it is able tobenefit from the huge amount of accurate data accumulated from training and educationbusiness to further develop its financial services business in the foreseeablefuture.

About China Chuanglian Education Financial Group Limited

China Chuanglian Education Financial (2371.HK) isprincipally engaged in the provision of the online training and educationservices in the PRC. It focuses on vocational education and continuingeducation, and provides massive online and offline training services to civilservants and professional technical personnel. Currently, the Group's online training and education businesscovers 18 provinces, autonomous regions and municipalities as well as 40 citiesin the PRC. It hasover 5 million of paid users. Since thelaunch of Rongxue App in 2016, its registered users have increased rapidly to nearly 3 million in thecurrent year.

Meanwhile, leveraging on the accurate big dataaccumulated from the online training, the Group has taken certain steps toexpand into the financial business. In 2016, the Group has become one of the nine promotors of Xinmei Mutual Life Insurance Agency.The Group has also acquired insurance brokerage companies as well as securities andasset management companies in the PRC and HongKong.