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TikTok's comment section staged a "online fee discussion", offcn education technology, the leader in public institution exam training, was "besieged" by students. The founder's family has cashed out billions.
1. After offcn education technology students signed up for the "no refund" agreement, they have been unable to obtain a refund for many years. They have now appeared in the founder's Douyin account comment section "online fee discussion". The company admits that the issue of refunds has not been thoroughly resolved. 2. Behind the delay in student refunds, offcn education technology was financially strained at the end of 2021 due to a sharp increase in refund amounts, long-term heavy investment in assets, and other reasons. The company's operational situation has not improved much until now.
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A-share education stocks continue to rise, with Offcn Education Technology hitting the limit up.
On October 31, Gelonhui reported that DoShen education rose by the daily limit of 20%, Offcn Education Technology rose by the daily limit, Suzhou Kingswood Education Technology and Qtone Education Group(Guangdong) surged.
China Public Education: Report for the third quarter of 2024
Express News | Offcn Education Technology: net income in the third quarter was 52.252 million yuan, a decrease of 67.35%.
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