Bright Scholar to Hold Extraordinary General Meeting on February 10, 2023
Bright Scholar Education Holdings Limited (NYSE: BEDU) announced an extraordinary general meeting on February 10, 2023, at 10:00 a.m. in Foshan, Guangdong. The meeting will consider the removal of directors Junli He, Peter Andrew Schloss, and Ronald J. Packard. January 17, 2023, is the record date for shareholders to attend. Bright Scholar focuses on providing quality international education, equipping students with necessary academic skills for higher education success.
- Extraordinary general meeting may provide clarity on corporate governance.
- Focus on enhancing educational services, potentially attracting more students.
- Removal of directors could indicate potential management instability.
- Risk of shareholder discontent due to proposed director changes.
FOSHAN, China, Jan. 4, 2023 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that upon the receipt of a notice from the Chairman of the Board of Directors, it would hold an extraordinary general meeting of shareholders at No.1, Country Garden Road, Beijiao Town, Shunde District, Foshan, Guangdong 528300, The People's Republic of China on February 10, 2023 at 10:00 a.m. (Beijing Time GMT+8). The proposals to be submitted for shareholders' approval at the extraordinary general meeting are the removal of each of Junli He, Peter Andrew Schloss and Ronald J. Packard as a director of the Company. January 17, 2023 has been fixed as the record date (the "Record Date") for determining the shareholders entitled to receive notice of the extraordinary general meeting or any adjournment or postponement thereof. Holders of record of the Company's ordinary shares at the close of business on the Record Date are entitled to attend the extraordinary general meeting and any adjournment or postponement thereof.
About Bright Scholar Education Holdings Limited
Bright Scholar is a global premier education service company, which primarily provides quality international education to global students and equip them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education.
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 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:
GCM Strategic Communications
Email: BEDU.IR@gcm.international
Media Contact:
Email: media@brightscholar.com
Phone: +86-757-6683-2507
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SOURCE Bright Scholar Education Holdings Ltd.
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