Summary by Moomoo AI
During the period from 17 April to 30 April 2024, Thinking Music Education Group (the “Company”) purchased a total of 1,326,000 shares on the market, representing approximately 0.239% of the issued shares, with an average purchase price of approximately HK$4.21 and a total cost of approximately HK$5,585,000, in accordance with the rules of the Share Award Scheme and Trust Deed. The purpose of this initiative is to hold the interests of selected participants in trust and provide opportunities for the future grant of shares under the scheme. The Board considers that the current share price seriously undervalues the value of the Company and expresses confidence in the outlook and outlook for the business. The Company will continue to monitor market conditions and make further share purchases at the appropriate time. The members of the Board of Directors include Executive Director Chen Qiyuan (Chairman), Qi Mingzhi (Chief Executive Officer), Li Ailing, Leng Xinlan, Non-Executive Director Shen Jingwu (Vice Chairman), and Independent Non-Executive Directors Wong Weide, Yang Xiaozhi, Yan Gamin.