Scholar Edu (01769) intends to offer a discount of approximately 13.04% for the rights issue, with a net proceeds of approximately 241 million Hong Kong dollars.

SCHOLAR EDU (01769) announced on October 15, 2025 (after trading hours) that the company has entered into a subscription agreement with the subscriber, whereby the subscriber has conditionally agreed to subscribe and the company has conditionally agreed to issue and allot a total of 110 million subscription shares at a subscription price of HK$2.2 per share. The subscription price of HK$2.2 per share represents a discount of approximately 13.04% compared to the closing price of HK$2.53 per share reported on the Stock Exchange on the date of the subscription agreement; the subscription shares will represent approximately 19.47% of the company's existing issued share capital as of the date of this announcement, and approximately 16.30% of the total issued share capital of the company after the subscription. The total and net proceeds from the subscription are expected to be approximately HK$242 million and HK$241.3 million respectively. The company intends to use the net proceeds for enhancing the group's teaching quality and students' learning experience, including recruiting more curriculum developers, optimizing and enriching course content and materials, renovating facilities and purchasing teaching equipment; potential future artificial intelligence projects; and supplementing working capital and general corporate purposes to support the company's strategies.