FOSHAN, China, May 11, 2020 /PRNewswire/ -- Bright Scholar
Education Holdings Limited ("Bright Scholar," the "Company," "we"
or "our") (NYSE: BEDU), a global premier education service company,
today announced that it has entered into an agreement to acquire
51% equity interests in Linstitute (the "Institute").
Linstitute offers high-quality and outcomes-focused online
training services including Academic Olympiad and other world-wide
recognized international courses. Since its opening in March 2017, the Institute has helped over 2,000
students with more than 120 Academic Olympiad and international
courses through its online platform. The Institute offers a
comprehensive selection of academic courses covering Mathematics,
Physics, Chemistry, Biology, Computing Science and Modeling as well
as other services such as summer school application and overseas
study counselling.
"The adoption of emerging technology has profound impact on
education industry and creates huge new opportunities globally for
Bright Scholar. This strategic investment expands the offerings of
Bright Scholar to online training", said Jerry He, Executive Vice Chairman of the Board
of Directors of Bright Scholar. "Accelerating our investment in
education technology and broadening of our online offerings will
foster continued educator growth and improved student
outcomes."
About Bright Scholar Education Holdings
Limited
Bright Scholar is a global premier education service company,
dedicated to providing quality international education to global
students and equipping 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. As of February 29, 2020, Bright Scholar operated 80
schools across ten provinces in China and eight schools overseas, covering the
breadth of K-12 academic needs of its students. In the six months
ended February 29, 2020, Bright
Scholar had an average of 51,879 students enrolled at its
schools.
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.