Scholar Education Updates Share Award Scheme with On-Market Buyback of 152,000 Shares

Bulletin Express09-22 20:21

Scholar Education Group disclosed that the trustee of its Share Award Scheme acquired 152,000 company shares on 22 September 2026 through on-market transactions. The purchase, executed at an average price of HK$0.84 per share, involved a total consideration of approximately HK$0.13 million and represents about 0.023% of the group’s issued share capital.

Following the transaction, the trustee’s holding under the scheme has risen to 49.86 million shares, equivalent to 7.40% of Scholar Education’s total shares outstanding. The board reiterated that the current valuation does not fully reflect the group’s underlying value and stated that it will continue monitoring market conditions to execute further purchases when appropriate.

The number of awarded shares and their vesting conditions will be determined at the board’s discretion under the existing scheme rules and trust deed.

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