Scholar Education Group raises HK$241.3m in share placement

Scholar Education Group announced the completion of its subscriptions for 110,000,000 new shares on October 24, 2025. These shares, issued at HK$2.2 per share, constitute approximately 19.47% of the company's issued share capital before the completion and 16.30% after, generating net proceeds of approximately HK$241.3 million. The funds are earmarked for improving teaching quality, investing in artificial intelligence projects, and bolstering working capital.

This share placement has altered the company's ownership structure. Total issued shares increased from 564,869,050 to 674,869,050. Post-completion, Mr. Chen Qiyuan remains the largest shareholder with 32.55% of shares, while the new subscribers now hold 16.30% of the enlarged share capital. Other public shareholders' combined stake adjusted to 35.66%.

Additionally, the company has actively engaged in share repurchases for cancellation. Since November 2023, Scholar Education Group has repurchased shares across 12 distinct events, totaling 1,198,000 shares, with prices ranging from HK$0.86 to HK$4.17. The most recent repurchase of 240,000 shares occurred on April 25, 2024, at HK$4.17.