Scholar Education Group — Board/Management Information 2022

Jan 11, 2022

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

SCHOLAR EDUCATION GROUP 思 考 樂 教 育 集 團

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1769)

CHANGE IN DIRECTOR’S INFORMATION

This announcement is made by Scholar Education Group (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) pursuant to Rules 13.51B(2) and 13.51(2)(l) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) (the ‘‘Listing Rules’’).

On 11 January 2022, the board of directors (the ‘‘Board’’) of the Company was informed by Mr. Victor Huang (‘‘Mr. Huang’’), an independent non-executive director of the Company, the chairman of the audit committee of the Company and a member of the remuneration committee and nomination committee of the Company, that it has come to his attention that at a hearing of the Supreme Court of Bermuda held on 13 August 2021, it was ordered, among other things, that Trinity Limited (in liquidation) (‘‘Trinity’’) be wound up due to failure to repay its debt. Mr. Huang has confirmed to the Board that he was an independent non-executive director of Trinity until his resignation on 31 December 2020, after which he has not been kept informed by Trinity of its affairs.

Based on information publicly available, Trinity is a limited liability company incorporated in Bermuda whose shares are listed on the main board of the Stock Exchange (stock code: 891). For further information on the nature of business of Trinity and the said hearing and order, please refer to the announcements of Trinity published on the Stock Exchange’s website.

Mr. Huang confirmed that save as disclosed in this announcement, there is no other matter relating to him that is required to be disclosed pursuant to Rule 13.51(2) of the Listing Rules and that he is not aware of any other matters that need to be brought to the attention of the shareholders of the Company.

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As the winding up of Trinity did not involve the Group and to the best of the knowledge of the Board, there is nothing in relation to the winding up of Trinity that would call into question the competence, character or integrity of Mr. Huang, the Board is of the opinion that such matter has not and will not have adverse impact on the business and operations of the Group or the suitability of Mr. Huang as a director of the Company.

By order of the Board SCHOLAR EDUCATION GROUP CHEN QIYUAN Chairman and Executive Director

Hong Kong, 11 January 2022

As at the date of this announcement, the Board comprises:

Executive Directors Independent non-executive Directors Mr. Chen Qiyuan (chairman) Mr. Huang Victor Mr. Chen Hongyu Dr. Liu Jianhua Mr. Qi Mingzhi (chief executive officer) Mr. Yang Xuezhi Mr. Xu Chaoqiang

Non-executive Director

Mr. Shen Jing Wu (vice chairman)

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