Bright Scholar Announces Appointment of Independent Financial Advisor and Legal Counsel to the Special Committee

Rhea-AI Summary

Bright Scholar Education Holdings Limited (NYSE: BEDU) has announced key appointments in response to a preliminary non-binding proposal received on May 26, 2025. The company's Special Committee has retained Kroll, LLC as financial advisor and Gibson, Dunn & Crutcher LLP as U.S. legal counsel to evaluate the proposal. The Special Committee, formed by the Board of Directors, is actively reviewing the proposal, though no decisions have been made yet. The company emphasizes there is no guarantee of receiving a definitive offer, executing any agreement, or completing the proposed transaction. Bright Scholar will only provide updates as required by law.

CAMBRIDGE, England and FOSHAN, China, June 20, 2025 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU), a global premier education service company, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated May 26, 2025 (the "Proposal"), has retained Kroll, LLC as its financial advisor and Gibson, Dunn & Crutcher LLP as its U.S. legal counsel.

The Special Committee is continuing its review and evaluation of the Proposal. 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 statements that may constitute "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," "future," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Bright Scholar may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Bright Scholar's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results, performance or achievements to differ materially from those contained in any forward-looking statement, including but not limited to the following: Bright Scholar's strategies; Bright Scholar's future business development, financial condition and results of operations; its ability to provide efficient services and compete effectively; its ability to maintain and enhance the recognition and reputation of its brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and 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 applicable 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 Limited

FAQ

What firms did Bright Scholar (BEDU) appoint to evaluate the May 2025 proposal?

Bright Scholar appointed Kroll, LLC as financial advisor and Gibson, Dunn & Crutcher LLP as U.S. legal counsel to the Special Committee.

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

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

Has Bright Scholar (BEDU) made any decisions regarding the May 2025 proposal?

No decisions have been made yet. The Special Committee is still reviewing and evaluating the proposal.

What is the current status of the Bright Scholar (BEDU) proposal evaluation?

The Special Committee is actively reviewing the proposal, but there is no guarantee of a definitive offer, agreement, or transaction completion.