Lixiang Education Holding Co., Ltd. reports unaudited consolidated financial results for the third quarter and nine months ended September 30, 2020. For the quarter, Net revenues for the three months ended September 30, 2020, were RMB 19.93 million, a slight increase of RMB 0.45 million compared with RMB 19.48 million for the three months ended September 30, 2019. Net loss was RMB 3.33 million for the three months ended September 30, 2020, a decrease of 38.0% or RMB 2.03 million from the same period last year, and the decrease was partially due to the incremental RMB 5.05 million of government subsidies received and recognized during the third quarter this year. Basic and diluted net loss per share attributable to ordinary shareholders of the Company for the third quarter of 2020 were both RMB 0.07, compared with basic and diluted net loss per share of RMB 0.11 for the same quarter of 2019. Basic and diluted net loss per ADS attributable to ADS holders of the Company for the third quarter of 2020 were both RMB 0.33, compared with basic and diluted net loss per ADS of RMB 0.54 for the same quarter of 2019. Loss from operations was RMB 7,954,183 against RMB 4,683,794 reported a year ago. For the nine months, Total net Revenues were RMB 106,670,187 against RMB 103,611,746 reported a year ago. Income from operations was RMB 17,633,964 against RMB 31,070,525 reported a year ago. Net income was RMB 23,851,904 against RMB 30,833,054 reported a year ago. Basic and diluted EPS was RMB 0.48 against RMB 0.62 reported a year ago.