Summary by Futu AI
Scholar Edu Group (the "Company") announced on July 25, 2024 the details of its share option plan for the year ending December 31, 2023. Pursuant to rule 17.07(3) of the Listing Rules, the number of shares that could be issued for that year shall not exceed 0.05% of the weighted average number of shares in issue. The announcement noted that the share incentive scheme is outside the scope of this rule since the incentives granted do not involve issuance of new shares. The announcement was issued by the board of directors represented by the Chairman and Executive Director, Mr. Chen Qiyuan, and listed the current members of the board of directors.