FOSHAN, China, Nov. 29,
2022 /PRNewswire/ -- Bright Scholar Education
Holdings Limited ("Bright Scholar" or the "Company") (NYSE: BEDU),
a global premier education service company, today announced changes
in its board of directors (the "Board").
Ms. Huiyan Yang ("Ms. Yang"), who
had served as the chairperson of the Company since its inception,
informed the Company that she intended to resign from the Board as
its chairperson and a member of the nominating and corporate
governance committee (the "Nominating Committee") and the
compensation committee (the "Compensation Committee") of the
Company for personal reasons.
Ms. Yang's resignation did not result from any disagreement with
the Company on any matter relating to the Company's operation,
polices or practices. Bright Scholar thanks Ms. Yang for her
efforts and contributions to the Company. The Board has accepted
Ms. Yang's resignation, effective on November 30, 2022.
The Board has nominated Mr. Hongru
Zhou ("Mr. Zhou") as a director and chairman of the Board
and a member of the Nominating Committee and the Compensation
Committee, effective on November 30,
2022. Mr. Zhou expressed that he is dedicated to serving the
Company and continuing to create values for the shareholders of the
Company.
Mr. Zhou is a co-founder of Country Garden Venture Capital and
has served as its chief executive officer and chairman of
investment committee since its inception in 2019. Mr. Zhou joined
Country Garden Holdings Company Limited in 2015 and served as
special assistant to the chairman of its board. Prior to that, Mr.
Zhou served as a hedge fund analyst at Bear Stearns Asset
Management Inc. from 2007 to 2008. He was also an analyst at RBS
Global Banking and Markets from 2008 to 2009, and an assistant fund
manager at China Merchants Fund Management Co., Ltd. from 2009 to
2011. Mr. Zhou holds a bachelor's degree in applied mathematics and
economics from Harvard University.
Upon the effectiveness of Mr. Zhou's appointment and Ms. Yang's
resignation, the Board consists of six directors, including three
independent directors.
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.
Bright Scholar also complements its international offerings with
Chinese government-mandated curriculum for students who wish to
maintain the option of pursuing higher education in China.
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:
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.