Bright Scholar Announces Formation of Special Committee

Rhea-AI Summary

Bright Scholar Education Holdings Limited (NYSE: BEDU) has announced the formation of a special committee to evaluate a preliminary non-binding proposal received on May 26, 2025. The committee consists of two independent directors, Mr. Jun Zhao (committee chair) and Mr. Meng Rui, who are unaffiliated with the proposal. The Board emphasized that no decisions have been made regarding the proposal and cautioned shareholders that there is no guarantee of a definitive offer, execution of any agreement, or transaction approval. The company stated it will only provide updates as required by law.

CAMBRIDGE, England and FOSHAN, China, June 4, 2025 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that its board of directors (the "Board") has formed a special committee consisting of two independent directors, Mr. Jun Zhao and Mr. Meng Rui, who are unaffiliated with the Proposal, to evaluate and consider the previously announced preliminary non-binding proposal letter dated May 26, 2025 (the "Proposal"). Mr. Jun Zhao chairs the special committee.

The Board cautions the Company's shareholders and others considering trading the Company's securities that no decisions have been made with respect to the Proposal. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal, or that the transaction contemplated by the Proposal or any other similar transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law. 

About Bright Scholar Education Holdings Limited

Bright Scholar is a premier global education service Group. The Company primarily provides quality international education to global students and equips them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education.

For more information, please visit: https://ir.brightscholar.com/. 

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's business plans and development, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

IR Contact:
Email: BEDU@thepiacentegroup.com
Phone: +86 (10) 6508-0677/ +1-212-481-2050

Media Contact:
Email: media@brightscholar.com 

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SOURCE Bright Scholar Education Holdings Ltd.

FAQ

What is the purpose of Bright Scholar's (BEDU) special committee formation?

The special committee was formed to evaluate and consider the preliminary non-binding proposal letter dated May 26, 2025.

Who are the members of BEDU's special committee?

The special committee consists of two independent directors: Mr. Jun Zhao (who serves as chair) and Mr. Meng Rui, both unaffiliated with the proposal.

Has Bright Scholar (BEDU) made any decisions regarding the May 26 proposal?

No decisions have been made regarding the proposal, and there is no guarantee of a definitive offer or transaction approval.

When did Bright Scholar (BEDU) receive the preliminary non-binding proposal?

Bright Scholar received the preliminary non-binding proposal on May 26, 2025.