SCHOLAR EDU (01769.HK) trustee buys 109,000 shares at average HK$0.69, holding rises to 8.11%

NewTimeSpace News: On November 9, 2026, Scholar Education Group (01769.HK) issued a voluntary announcement providing an update on share purchases made by the trustee under its share award scheme. On November 9, 2026, pursuant to the scheme rules and the trust deed, the trustee purchased a total of 109,000 shares on the market, to be held in trust for the benefit of selected participants.

The shares purchased represent about 0.016% of the total number of issued shares as at the date of the announcement, at an average purchase price of about HK$0.69 per share, for a total consideration (excluding transaction costs) of about HK$75,000. Immediately after the share purchase, the trustee held 54,660,000 shares, representing 8.11% of the total issued shares as at the date of the announcement.

The board believes that the company's current share price seriously undervalues its underlying value, presenting a good opportunity to purchase shares for future grants under the scheme, and that the company is confident in the prospects and outlook of its business. The company will continue to closely monitor market conditions and its trading share price and instruct the trustee to make share purchases under the scheme at appropriate times. The board will also keep reviewing and will determine, at its absolute discretion, the number of award shares to be granted to selected participants and the relevant vesting conditions.