FOSHAN, China, July 23, 2020 /PRNewswire/ -- Bright Scholar
Education Holdings Limited ("Bright Scholar" or the "Company")
(NYSE: BEDU), a global premier education service company, today
announced that its board of directors (the "Board") has approved
and declared a cash dividend of US$0.12 per ordinary share (US$0.12 per American depositary share).
The amount of cash dividends to be distributed is approximately
US$14 million in total. The dividends
are expected to be paid on August 24,
2020 to the holders of the Company's ordinary shares of
record as of the close of business on August
10, 2020. The determination to declare and pay the dividend
and the amount of dividend in any year will be made at the
discretion of the Board and will be based upon the Company's
operations and earnings, cash flow, financial condition and other
relevant factors that the Board may deem appropriate.
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 May 31, 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 nine months ended May 31, 2020, Bright Scholar had an average of
51,970 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.