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.
Leader Education Limited
立 德 教 育 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1449)
VOLUNTARY ANNOUNCEMENT
PURCHASE OF SHARES IN THE COMPANY
BY CONTROLLING SHAREHOLDER
This announcement is made by Leader Education Limited (the "Company", and together with its subsidiaries and consolidated affiliated entities, the "Group") on a voluntary basis.
The Company was informed by Mr. Liu Laixiang ("Mr. Liu"), a controlling shareholder, the chairman and an executive director (the "Director") of the Company that, through his 100% owned company, Junhua Education Limited ("Junhua"), he has purchased an aggregate of 5,675,000 shares of the Company (the "Shares") on the market on 8 September, 9 September, 21 September,
22 September and 23 September 2020, the details of which are as follows:
Average purchase price | ||
Date | No. of Shares purchased | (approx.) |
8 September 2020 | 1,995,000 | HK$1.2000 |
9 September 2020 | 700,000 | HK$1.2089 |
21 September 2020 | 1,735,000 | HK$1.1494 |
22 September 2020 | 600,000 | HK$1.1226 |
23 September 2020 | 645,000 | HK$1.1194 |
The Company was also informed by Mr. Liu that the purchases of the said Shares show his confidence in the prospect of the Group and, subject to applicable laws and regulations, further purchase(s) of the Shares of up to 3,325,000 Shares may be made on the market depending on market conditions.
Immediately after the purchases of the said Shares, Mr. Liu is interested in an aggregate of 496,675,000 Shares, representing approximately 74.5% of the total issued share capital of the Company as of the date of this announcement. Amongst such 496,675,000 Shares, 196,675,000 Shares are held by Junhua, and 300,000,000 shares are held by Shuren Education Limited, a company 100% owned by Ms. Dong Ling, the spouse of Mr. Liu, an executive Director and a controlling shareholder of the Company.
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There is no assurance of the timing, quantity or price of any purchase(s) of the Shares or whether Mr. Liu and/or Junhua will make any further purchase at all. Shareholders and investors are reminded to exercise caution when dealing in the securities of the Company.
By order of the Board
Leader Education Limited
LIU Laixiang
Chairman of the Board
Hong Kong, 23 September 2020
As at the date of this announcement, the executive Directors are Mr. LIU Laixiang, Ms. DONG Ling, Mr. WANG Yunfu and Mr. CHE Wenge; and the independent non-executive Directors are Mr. ZHANG Su, Mr. CAO Shaoshan and Mr. CHAN Ngai Fan.
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Leader Education Ltd. published this content on 23 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2020 14:39:04 UTC