Scholar Education Group announced that its Board intends to revise the company’s Memorandum and Articles of Association to allow the holding of repurchased shares as treasury shares.

The proposed changes—termed the “Proposed Articles Amendments”—will be consolidated into a new Amended and Restated Memorandum and Articles of Association. Approval requires a special resolution at the forthcoming annual general meeting (AGM); a circular detailing the amendments and the AGM notice will be posted on both the Hong Kong Stock Exchange and the company’s websites.

The Board currently comprises four executive directors—Chairman Chen Qiyuan, Chief Executive Officer Qi Mingzhi, Li Ailing, and Leng Xinlan—and three independent non-executive directors: Yang Xuezhi, Yim Ka Man, and Professor Zhang Wenjun.