According to a recent announcement, SCHOLAR EDU (01769) confirmed that the conditions precedent set forth in the subscription agreement have been fulfilled. The subscription completed on October 24, 2025, in accordance with the terms and conditions of the agreement. A total of 110 million subscription shares, representing approximately 16.30% of the enlarged issued share capital of the company following the issuance, were allocated and issued to the subscribers at a subscription price of HK$2.20 per share. The net proceeds from the subscription, after deducting expenses, amount to approximately HK$241 million and will be utilized for: (i) enhancing the group's teaching quality and student learning experience, including hiring more course developers, optimizing and enriching course content and materials, renovating facilities, and acquiring teaching equipment; (ii) potential future artificial intelligence projects; and (iii) replenishing working capital and general corporate purposes to support the company's strategy.