Core Viewpoint - The company, Thinker Education (01769), has announced the completion of a subscription agreement, resulting in the issuance of 110 million shares at a subscription price of HKD 2.2 per share, which represents approximately 16.30% of the enlarged issued share capital of the company [1] Group 1: Subscription Details - The subscription agreement's conditions have been met, and the subscription will be completed on October 24, 2025 [1] - A total of 110 million subscription shares will be issued to the subscriber [1] Group 2: Use of Proceeds - The net proceeds from the subscription, amounting to approximately HKD 241 million after expenses, will be allocated for several purposes [1] - Enhancing the quality of education and student learning experiences, including recruiting more course developers, optimizing and enriching course content and materials, renovating facilities, and purchasing teaching equipment [1] - Future potential artificial intelligence projects [1] - Supplementing working capital and general corporate purposes to support the company's strategy [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容所產生或因依賴該等內容而引致的任何損失 承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券之邀請或要約。 SCHOLAR EDUCATION GROUP 思 考 樂 教 育 集 團 （ 在開曼群島註冊成立的有限公司） 完成根據一般授權配售新股份 董事會欣然宣佈，由於認購協議所載先決條件已達成，認購事項於二零二五年十月二十四 日按照認購協議所載條款及條件完成。合共110,000,000股認購股份（ 相當於本公司經發行及 配發認購股份而擴大的已發行股本約16.30% ）已按認購價每股認購股份2.2港元配發及發行 予認購方。認購事項所得款項淨額（ 經扣除開支後）約241.3百萬港元將用於(i)提升本集團的 教學質量及學生的學習體驗，包括招募更多課程開發人員、優化及豐富課程內容及教材、 翻新設施及購置教學設備；(ii) 未來潛在的人工智能項目；及(iii)補充營運資金及一般企業 用途，以支持本公司的策略（ 詳情於該等公告內披露）。 本公司股權架構 ...

Group 1 - The stock of Think Education (01769.HK) has increased by over 4% on October 17, following a significant rise of over 26% the previous day [1] - As of the latest update, the stock price is reported at 3.35 HKD, with a trading volume of 39.1475 million HKD [1]

Core Viewpoint - Thinker Education (01769) has seen a significant stock price increase, with a rise of over 26% recently, and currently trading at 3.35 HKD, reflecting a 4.69% increase at the time of reporting [1] Group 1: Stock Performance - The stock price of Thinker Education increased by over 4% to 3.35 HKD, with a trading volume of 39.1475 million HKD [1] - The company experienced a substantial rise of over 26% in its stock price the previous day [1] Group 2: Capital Raising Announcement - On October 15, Thinker Education announced the issuance of a total of 110 million new shares to more than six independent third parties, representing a 16.3% increase in the post-expansion share capital [1] - The shares were priced at 2.2 HKD each, reflecting a discount of 13.04% compared to the closing price on October 15 [1] - The total subscription amount is 242 million HKD, with a net amount of 241 million HKD intended for enhancing teaching quality, improving student learning experiences, potential future AI projects, and supplementing working capital [1]

Core Viewpoint - Thinker Education (01769) has seen a significant stock price increase, with a rise of over 4% following a previous surge of over 26% [1] Group 1: Stock Performance - As of the latest update, Thinker Education's stock is trading at 3.35 HKD, with a trading volume of 39.1475 million HKD [1] - The stock experienced a notable increase of 4.69% in the latest trading session [1] Group 2: Capital Raising Announcement - On October 15, Thinker Education announced the issuance of a total of 110 million new shares to more than six independent third parties, representing a 16.3% increase in post-expansion share capital [1] - The shares are priced at 2.2 HKD each, reflecting a discount of 13.04% compared to the closing price on October 15 [1] - The total subscription amount is 242 million HKD, with a net amount of 241 million HKD intended for enhancing teaching quality, improving student learning experiences, potential future AI projects, and supplementing working capital [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容所產生或因依賴該等內容而引致的任何損失 承擔任何責任。 SCHOLAR EDUCATION GROUP 思 考 樂 教 育 集 團 （ 在開曼群島註冊成立的有限公司） （股份代號：1769） 補充公告 根據一般授權配售新股份 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 十 月 十 五 日 有 關 根 據 一 般 授 權 配 售 新 股 份 的 公 告（「 該 公 告」）。除另有所指外，本公告所用詞彙與該公告所界定者具有相同涵義。本公司謹此就認 購事項提供以下補充資料。 有關認購人的資料 誠如該公告所披露，本公司與超過六名認購人訂立認購協議，涉及認購合共110,000,000股 認 購 股 份 。 據 董 事 經 作 出 一 切 合 理 查 詢 後 所 深 知 、 全 悉 及 確 信 ， 認 購 人 的 進 一 步 資 料 如 下： 認購人 認購人的背景 認購人一 香港永久居民，在資本市場（ 包括股票及債券）方面擁有豐富經驗。 認購人三 香港永久居民 ...

Market Overview - The Hong Kong stock market showed mixed performance on October 16, with the Hang Seng Index slightly down by 0.09%, the Hang Seng China Enterprises Index up by 0.09%, and the Hang Seng Tech Index down by 1.18% [1][2]. Technology Sector - Major technology stocks experienced weakness, with Xiaomi down by 3.6%, Baidu, Meituan, and Tencent Holdings each down over 1%, while JD.com, Kuaishou, and Alibaba also saw slight declines [2][3][4]. - The overall performance of the technology sector was negatively impacted, with significant declines in stocks related to electric vehicles, robotics, and semiconductor industries [2][5][7]. Electric Vehicle Sector - The electric vehicle sector faced a downturn, with NIO dropping nearly 9% and other companies like Li Auto, Xpeng, and BYD also experiencing declines [5][6]. Education Sector - The education sector showed strong performance, with companies like Think Academy seeing a remarkable increase of 26.5% due to plans to raise approximately HKD 241 million for future AI projects [9][10]. Apple-Related Stocks - Apple-related stocks performed well, with BYD Electronics rising nearly 5% following discussions between Apple's CEO Tim Cook and Chinese officials regarding business development in China [11][12]. Coal Sector - Coal stocks saw gains, with China Qinfa up over 8% as demand for coal increased due to seasonal factors [13]. Shipping Sector - The shipping sector was active, with companies like Orient Overseas International and COSCO Shipping Holdings rising nearly 4% following the announcement of new fees for ships from U.S. ports [14]. Innovative Drug Sector - The innovative drug sector experienced growth, with companies like 3SBio and Innovent Biologics rising nearly 6% ahead of a significant conference in Berlin [16][17]. Insurance Sector - Insurance stocks were active, with China Life rising nearly 5% following positive earnings forecasts from major players in the sector [18][20]. IPO Activity - The recent IPO of Cloudwalk saw a significant increase of 26.05% on its first day of trading, reflecting strong market interest [21]. Market Outlook - Analysts suggest that the Hong Kong stock market may experience wide fluctuations in the future, with a focus on sectors such as precious metals and AI-related industries due to ongoing geopolitical tensions and economic uncertainties [23].

Market Overview - The Hong Kong stock market showed mixed performance on October 16, with the Hang Seng Index slightly down by 0.09%, the Hang Seng China Enterprises Index up by 0.09%, and the Hang Seng Tech Index down by 1.18% [1][2]. Technology Sector - Major technology stocks experienced a downturn, with Xiaomi down by 3.6%, Baidu, Meituan, and Tencent Holdings each down over 1%, while JD.com, Kuaishou, and Alibaba also saw slight declines [2][3][4]. - The overall performance of the technology sector was weak, contributing to the decline of the Hang Seng Tech Index [2][3]. New Energy Vehicle Sector - The new energy vehicle sector faced significant declines, with NIO down nearly 9% and other companies like Li Auto, Xpeng, and BYD also experiencing losses [5][6]. - Data from the China Passenger Car Association indicated that retail sales of new energy vehicles in October were 367,000 units, a year-on-year decrease of 1% [6]. Education Sector - The education sector showed strong performance, with companies like Think Academy seeing a remarkable increase of 26.5% in stock price, driven by plans to raise approximately HKD 241 million for future AI projects [9][10]. - The sector's rebound is attributed to positive policy signals and the adoption of AI technology by educational companies [10]. Apple Concept Stocks - Apple-related stocks performed well, with BYD Electronics rising nearly 5% following discussions between Apple's CEO Tim Cook and China's Ministry of Industry and Information Technology regarding business development in China [11][12]. Coal Sector - Coal stocks saw gains, with China Qinfa up over 8%, driven by increased demand for coal as winter approaches and a report indicating a rise in coal production [13][14]. Shipping Sector - The shipping sector was active, with stocks like Orient Overseas International and COSCO Shipping rising nearly 4% following the announcement of a special port fee for ships from the U.S. [14][16]. Innovative Drug Sector - The innovative drug sector experienced growth, with companies like 3SBio and Innovent Biologics rising nearly 6%, ahead of the European Society for Medical Oncology (ESMO) annual meeting [16][17]. Insurance Sector - Insurance stocks were active, with China Life Insurance rising nearly 5% after a positive earnings forecast from New China Life Insurance [18][19]. IPO Activity - Cloudwalk Technology debuted on the Hong Kong stock market, closing up 26.05% with a market capitalization of HKD 8.281 billion, following a highly oversubscribed IPO [20][23]. Market Outlook - Analysts expect the Hong Kong stock market to experience wide fluctuations, with a focus on sectors such as precious metals and the AI industry due to ongoing geopolitical tensions and trade issues [25].

Group 1: Market Overview - The Hang Seng Index fell by 0.43%, down 111 points, closing at 25,799 points, while the Hang Seng Tech Index dropped by 1.36% [1] - The Hong Kong stock market saw a trading volume of HKD 156.2 billion in the morning session [1] Group 2: Biotechnology and Pharmaceuticals - HEC Pharm (02617) experienced a short-term surge, rising by 42% with a trading volume exceeding HKD 1.1 billion [1] - Rongchang Bio (09995) rose over 5% following the publication of its Phase III clinical trial results for Taitasip in treating systemic lupus erythematosus in NEJM [2] - Baixin An-B (02185) increased by over 10%, with institutions indicating that its commercialization is set to accelerate [5] Group 3: Telecommunications and Technology - ZTE Corporation (00763) saw a peak increase of 7%, with its stock price up over 80% year-to-date, as the company strengthens its research and development in intelligent computing products [3] Group 4: Aviation Sector - Major airlines in Hong Kong reported strong operational data for September, indicating a potential sustained recovery in the industry, with China Eastern Airlines (00670) up 4.9% and China Southern Airlines (01055) up 2% [3] Group 5: Consumer Sector - New consumption concept stocks in Hong Kong collectively rose, with Lao Pu Gold (06181) up 6%, Wei Long (09985) up 3%, Pop Mart (09992) up over 5%, and Guoquan (02517) up over 3% [3] Group 6: Education Sector - Education stocks in Hong Kong surged, with Think Tank Education (01769) leading with an increase of over 18%, and New Oriental-S (09901) rising over 6% [4] Group 7: Energy Sector - COSCO Shipping Energy (01138) rose over 4% due to strong demand in the crude oil tanker market in September, with VLCC freight rates expected to strengthen [6] Group 8: Market Volatility - Bit Strategy (06113) fell over 9% after being named by the Hong Kong Securities and Futures Commission for having highly concentrated shareholding [7] - Xiaomi Group-W (01810) declined by 3%, with institutions noting that its stock price volatility is influenced by multiple news events and market rumors [8]

Core Viewpoint - The Hong Kong education sector is experiencing a strong rebound, driven by positive policy signals and the adoption of AI technology by various education companies [1] Group 1: Market Performance - Education stocks in Hong Kong have shown significant gains, with notable increases such as Think Academy rising over 22%, China Tongcai Education up over 10%, and New Oriental increasing by over 6% [1] - Specific stock performances include: - Think Academy: Latest price at 2.970, up 17.39% - China Tongcai Education: Latest price at 2.740, up 10.48% - New Oriental: Latest price at 44.480, up 5.96% [2] Group 2: Company Initiatives - Think Academy raised approximately 2.41 billion HKD through a share placement, aimed at enhancing teaching quality and future AI projects, indicating proactive future planning [1] - Action Education revealed in institutional research that 2025 is a critical year for its AI strategy, actively promoting the "Hundred Schools Plan" [1] - AI technology has already shown effectiveness in internal management, reducing the onboarding period for new employees from 30 days to 7 days through an AI coaching system [1]