Summary by Moomoo AI
Between July 3 and July 15, 2024, Scholar Edu Group purchased a total of 1,540,000 shares in the market at an average purchase price of HKD 4.53 per share, for a total consideration of approximately HKD 6,977,000, accounting for approximately 0.273% of the total issued shares, according to the share incentive plan rules and the trust deed. This is intended to provide incentive shares to selected participants and hold them in trust. After the purchase, the trustee's shareholding balance was 15,757,000 shares, accounting for 2.789% of the total issued shares. The Company is confident in the business prospects and outlook, and will continue to monitor market conditions and stock prices, and purchase shares in a timely manner. The announcement was issued by Chairman and Executive Director Chen Qiyuan on July 31, 2024.
