FilingReader Intelligence

China Beststudy Education boosts RSU scheme with share purchase

September 3, 2025 at 10:00 AM UTCBy FilingReader AI

On September 3, 2025, China Beststudy Education Group voluntarily purchased 130,000 shares for its RSU scheme, adopted on December 3, 2018. This acquisition, approximately 0.02% of total issued shares, was conducted at an average consideration of HK$5.04 per share, totaling HK$655,200.

Following this purchase, the RSU trustee's holdings increased to 106,570,179 shares, up from 106,440,179 shares prior to the transaction. This includes 30,512,460 vested shares awaiting transfer to grantees. The company's board believes the current share price undervalues its performance and underlying worth, presenting a strategic opportunity to attract talent and align employee interests with shareholder value.

The board plans to continually review and determine the number of RSU awards and subsequent market purchases under the RSU scheme, adhering to Listing Rules requirements. This move underscores the company's commitment to its business outlook and sustainable development.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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