SCHOLAR EDU (01769.HK): Trustee Buys 135,000 Shares Under Share Award Scheme at HKD 0.84 Average

NewTimeSpace News: On 21 September 2026, Scholar Education Group (stock code: 01769) published a voluntary announcement providing an update on share purchases under its share award scheme. On 21 September 2026, pursuant to the scheme rules and the trust deed, the trustee purchased an aggregate of 135,000 shares on the market, to be held in trust for the benefit of selected participants.

The purchased shares represented approximately 0.02% of the Company's total issued shares as at the date of the announcement; the average purchase price was approximately HKD 0.84 per share and the total consideration for the purchased shares (excluding transaction costs) was approximately HKD 113,000.

Immediately after the share purchase, the trustee held a balance of 49,706,000 shares, representing approximately 7.38% of the Company's total issued shares as at the date of the announcement.

The Board believes that the Company's current share price materially undervalues the Company's underlying value and that this presents a good opportunity to purchase shares for future grants under the scheme, adding that the Company is confident in the prospects and outlook of its businesses. The Company will continue to closely monitor market conditions and its share price and will instruct the trustee to make share purchases under the scheme at appropriate times.

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