Scholar Education Group — Director's Dealing 2023

Dec 27, 2023

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)

VOLUNTARY ANNOUNCEMENT

INCREASE IN SHAREHOLDING BY THE CHAIRMAN AND CONTROLLING SHAREHOLDER

This announcement is made by Scholar Education Group (the ‘‘Company’’) on a voluntary basis.

The board of directors (the ‘‘Board’’) of the Company was informed that Mr. Chen Qiyuan (‘‘Mr. Chen’’), the chairman, executive director and controlling shareholder of the Company, acquired an aggregate of 190,000 shares of the Company (the ‘‘Shares’’) on the open market on 22 December 2023 and 27 December 2023 at an average price of approximately HK$2.62 per Share for an aggregate consideration of approximately HK$0.5 million with his own funds, through Sky Noon International Company Limited, an entity controlled by him (the ‘‘Acquisition’’). Immediately following the Acquisition, Mr. Chen is interested in an aggregate of 219,395,000 Shares, representing approximately 39.48% of the total issued share capital of the Company as at the date of this announcement.

In the month of December 2023 up to the date of this announcement, Mr. Chen has purchased Shares for an aggregate consideration of approximately HK$1.0 million with his own funds. Mr. Chen is confident in the Company’s fundamentals, business strategy, growth prospects and future outlook, and considers that the Acquisition as a demonstration of his commitment and support to the Company and its shareholders. Mr. Chen may further increase its shareholding in the Company from time to time, subject to market conditions and applicable regulatory requirements.

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Based on the information available to the Company and to the best knowledge of the Board, the Company has maintained sufficient public float of the issued Shares following the Acquisition and as at the date of this announcement.

By order of the Board SCHOLAR EDUCATION GROUP CHEN QIYUAN

Chairman and Executive Director

Hong Kong, 27 December 2023

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

Executive Directors Independent non-executive Directors Mr. Chen Qiyuan (chairman) Mr. Huang Victor Mr. Qi Mingzhi (chief executive officer) Mr. Yang Xuezhi Ms. Li Ms. Yim Ka Man

Mr. Chen Qiyuan (chairman) Mr. Qi Mingzhi (chief executive officer) Ms. Li Ailing Ms. Leng Xinlan

Non-executive Director

Mr. Shen Jing Wu (vice chairman)

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