VOLUNTARY ANNOUNCEMENT - SHARE PURCHASE PURSUANT TO SHARE AWARD SCHEME

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.SCHOLAR EDUCATION GROUP思考乐教育集团 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1769) VOLUNTARY ANNOUNCEMENT SHARE PURCHASE PURSUANT TO SHARE AWARD SCHEME Reference is made to the announcements of Scholar Education Group (the ‘‘Company’’) dated 28 December 2020 4 July 2023 21 July 2023 29 September 2023 31 October 2023 and 30 April 2024 (collectively the ‘‘Announcements’’) in relation to the adoption of the share award scheme (the ‘‘Scheme’’) and share purchases pursuant to the Scheme respectively. Unless otherwise defined herein capitalised terms used in this announcement have the same meanings defined in the Announcements.The Trustee has recently made a series of on-market purchases of Shares pursuant to the Scheme. The purpose of this voluntary announcement is to provide an update on the latest status of such purchases.During the period from 2 May 2024 to 31 May 2024 (both days inclusive) the Trustee had purchased a total of 1380000 Shares (the ‘‘Share Purchase’’) on the market to hold on trust for the benefit of the Selected Participants pursuant to the Scheme Rules and the Trust Deed. Details of the Share Purchase are as follows: Total number of Shares purchased: 1380000 Shares Percentage of the Shares purchased to the total number approximately 0.248% of Shares in issue as at the date of this announcement: Average purchase price of each Share: approximately HK$4.69 Total consideration of Shares purchased approximately HK$6471000 (excluding transaction cost): Balance of Shares held by the Trustee immediately after 13273000 Shares the Share Purchase (percentage to the total number of (2.389%) Shares in issue as at the date of this announcement): – 1 –The Board believes that the current share price of the Company significantly undervalues the Company’s performance and underlying value which represents a good opportunity to purchase Shares for future award of Shares under the Scheme. The Company is confident in its own business outlook and prospects. The Company will continue to closely monitor market conditions and its trading share price and instruct the Trustee to undertake share purchase for the purpose of the Scheme as and when appropriate.The Board will constantly review and determine at its absolute discretion such number of awarded Shares to be awarded to the Selected Participants under the Scheme with such vesting conditions as the Board may deem appropriate.By order of the Board SCHOLAR EDUCATION GROUP CHEN QIYUAN Chairman and Executive Director Hong Kong 31 May 2024 As at the date of this announcement the Board comprises: Executive Directors Independent non-executive Directors Mr. Chen Qiyuan (chairman) Mr. Huang Victor Mr. Qi Mingzhi (chief executive officer) Mr. Yang Xuezhi Ms. Li Ailing Ms. Yim Ka Man Ms. Leng Xinlan –2–