Pending Refund Liabilities Exceed 482 Million Yuan! Does Offcn Education Still Offer "Full Refund If Fail" Classes? Lawyer Warns↓

Deep News12-08

Three years after the "full refund if fail" class scandal at Offcn Education Technology Co.,Ltd. (002607), Hu Xiaojie (pseudonym) has yet to receive his full tuition refund. He is not alone—many other students share the same plight.

According to the company's semi-annual report released in August, Offcn Education reported a net profit of approximately 30.18 million yuan in the first half of the year, but its pending refund liabilities exceeded 482 million yuan.

During the national civil service exam held on November 29–30, a record 3.718 million applicants passed the registration review. Meng Shuang (pseudonym), an employee at Offcn Education, revealed that the company still offers refundable classes, though they are no longer the main product and mostly provide partial refunds. However, multiple students reported that "full refund if fail" classes for civil service exams still exist in some regions.

In October 2021, a joint notice issued by the Ministry of Education and four other departments explicitly prohibited advertisements guaranteeing educational outcomes, such as "refund if fail." Huang Qirui, a lawyer at Beijing Hongsa Law Firm, advised students facing refund difficulties to retain solid evidence, whether negotiating or pursuing legal action. More importantly, if an institution's financial health is questionable, students should remain vigilant against potential risks.

Have you attended Offcn Education's training courses? Share your thoughts below! Wishing everyone success in their exams! #A股# #A股行情#

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment