The school's plan to switch to the scheme came under fire from both parents and students, said Yuen Tsang Woon-ki, a council member of the elite government-aided school. The school's board would reconsider the matter, she added.
Yuen Tsang said she hoped "all parties will set aside their differences and focus on the interests of the school and the provision of quality education for our students".
Parent group spokeswoman Pauline Au said she did not feel relieved because the council did not say it would abandon the plan for good. "The task force has to submit a final report, which means they could still revive the plan," Au said.
Yuen Tsang said it was too early to decide whether to scrap the plan for good.
Education sector lawmaker Ip Kin-yuen said the problem was that aided schools had fewer resources and flexibility. He added that a policy change was needed to stop elite aided schools from switching to the Direct Subsidy Scheme as a way out.