Bright Scholar to acquire 18% stake in Golden Ballet Dance to accelerate expansion of complementary activities

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FOSHAN, China, February 24, 2021 / PRNewswire / – Bright Scholar Education Holdings Limited (“Bright Scholar,” the “Company,” “we” or “our”) (NYSE: BEDU), a leading global education services company, today announced have entered into an agreement to acquire an 18% stake in Golden Ballet Dance (“Golden Ballet”). The Company aims to close the transaction in April 2021, subject to the satisfaction of customary closing conditions and the completion of relevant corporate and regulatory procedures.

Founded in 2009, Golden Ballet teaches classical ballet to more than 60,000 children in its 33 training centers in China for over ten years.

“Ballet is widely considered to be the most beneficial form of dance for structural and muscular placement of the body. Golden Ballet provides high caliber ballet training and both companies share the same value and promote development and well-being. children our top priority, “said Zi Chen, Chief Executive Officer of Further Education Services. “The investment in Golden Ballet offers tremendous market opportunities as well as synergies that will further accelerate the expansion of our complementary education business.”

About Bright Scholar Education Holdings Limited

Bright Scholar is a leading global education services company, dedicated to providing quality international education to students around the world and equipping them with the academic foundations and essential skills needed to be successful in the pursuit of higher education. . Bright Scholar also complements its international offerings with a government-mandated study program for students who wish to retain the opportunity to pursue graduate studies in China. From November 30, 2020, Bright Scholar operated 94 schools in twelve provinces in China and eight schools abroad, covering the full range of K-12 academic needs of its students.

Safe Harbor Declaration

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 US Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to limit, business and development plans, which can be identified by terms such as “can”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “have the intention “,” plan “,” believe “,” potential “,” continue “,” is / are likely to “or other similar expressions. These statements are based on the current expectations of management and on current business conditions. market and operating 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 control of the Company, which may result in the results, performances or achievements r The values ​​of the Company differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company with the United States Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required by law.

Infrared contact:
GCM Strategic Communications
E-mail: [email protected]

Media contact:
E-mail: [email protected]
Phone: + 86-757-6683-2507

SOURCE Bright Scholar Education Holdings Ltd.


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