Scholar Education Group (01769) Issues 110 Million New Shares, Raises Total to 674.87 Million

Bulletin Express10-24

Scholar Education Group (01769) reported a change in its issued share capital following a subscription agreement dated 15 October 2025. As of 24 October 2025, the company issued and allotted 110 million new ordinary shares at HKD 2.2 per share, increasing the total number of issued shares from 564,869,050 to 674,869,050. The 110 million newly issued shares represent approximately 19.47% of the previously existing share capital.

The announcement also disclosed a series of share repurchases for cancellation that had occurred between 16 November 2023 and 25 April 2024, at prices ranging from HKD 0.86 to HKD 4.17 per share; however, these repurchased shares had not yet been cancelled as of the closing balance date. The company confirmed that all relevant procedures, including board authorization and receipt of proceeds for share issues, were duly completed in accordance with applicable rules and regulations.

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