Bright Scholar Education Holdings Limited announced that its board of directors has formed a special committee to evaluate the preliminary non-binding proposal letter dated May 26, 2025. The special committee consists of two independent directors, Mr. Jun Zhao and Mr. Meng Rui, who are unaffiliated with the proposal.
Mr. Jun Zhao has been appointed to chair the special committee. The formation of this committee is a standard governance practice to ensure an independent and thorough review of the 'going private' offer received from the company's chairperson, CEO, and other shareholders.
The Board cautioned shareholders that no decisions have been made regarding the proposal. There is no assurance that a definitive offer will be received, that any definitive agreement will be executed, or that the transaction will be approved or consummated.
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