China Teletech Holding Inc (CNCT)

[threewheeler]

As of June 30, 2017, the number of students was increasing. Some of graduated students got offers from oversea prestigious universities, therefore, a good reputation of the Company has been built in Shenyang and there is no need to advertise in the future. The Company’s future working capital will be consisted of revenue, external financing and shareholder’s additional investment. The revenue of the company will be increased 5%, 8% and 12% respectively for the coming three years. External financing will be approximately $1.06 million to $1.5 million (RMB 7 million to 10 million). Shareholder’s additional investment will be approximately $0.08 million to $0.11 million (RMB 0.5 million to 0.7 million). The uses of the funds will be new business of the current project and advertisement.