SCHOLAR EDU (01769.HK): trustee buys 297,000 shares under share award scheme at average HK$0.71, holding rises to 7.93%

NewTimeSpace News: SCHOLAR EDU (01769.HK) announced that the trustee has recently purchased shares in the market under the Company's share award scheme. On 27 October 2026, pursuant to the scheme rules and the trust deed, the trustee purchased an aggregate of 297,000 shares in the market, to be held in trust for the benefit of selected participants.

According to the announcement, the shares purchased represent approximately 0.044% of the total number of issued shares of the Company as at the date of the announcement, the average purchase price was approximately HK$0.71 per share and the total consideration (excluding transaction costs) was approximately HK$211,000. Immediately after the share purchase, the balance of shares held by the trustee was 53,440,000 shares, representing approximately 7.93% of the total number of issued shares of the Company.

The Board believes that the Company's current share price significantly undervalues the underlying value of the Company and provides a good opportunity to purchase shares for future grant under the scheme, and the Company is full of confidence in the prospects and outlook of its business. The Company will continue to closely monitor market conditions and the trading price of its shares, and will instruct the trustee to make share purchases under the scheme at an appropriate time; the Board will keep reviewing and will determine at its absolute discretion the number of award shares to be granted to selected participants under the scheme.