China E-Learning Group Limited provided earnings guidance for the year ended December 31, 2011. For the year, the company expected that it will probably record a significant loss as compared to the results for the corresponding period in 2010. The expected loss was mainly due to interest and related expenses incurred on convertible notes in 2011; and the estimated impairment loss on other accounts receivable in relation to the company's investment in its subsidiary, New Beida Business StudyNet Group Limited as a result of the less than satisfactory results of the New Beida Group.