China Science and Education Industry Terminates 2021 Restricted Share Award Scheme Without Issuing Any Shares

Bulletin Express
07/22

China Science and Education Industry Group Limited announced that its board resolved on 22 July 2026 to terminate the Restricted Share Award Scheme adopted on 21 July 2021.

Key points:

• No awards were granted to any participants during the five-year life of the scheme.

• The trustee, Kastle Limited, did not purchase or otherwise acquire any shares for the scheme, and currently holds none.

• As no shares were issued or held under the scheme, the company stated that the termination will not materially affect its operations, financial position or shareholder rights.

• The scheme was not classified as a share option scheme under Chapter 17 of the Hong Kong Listing Rules; therefore, shareholder approval was not required for either its adoption or termination.

Executive directors at the time of the announcement are Zhang Zhifeng, Ye Yaming, Zhang Yude and Xiao Xiaobing, with three independent non-executive directors: Chiu Lai Kuen Susanna MH JP, Yang Ying and Ding Yi.

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