Bright Scholar Announces Completion of Going Private Transaction

Core Viewpoint - Bright Scholar Education Holdings Limited has completed its merger with Bright Education Mergersub Limited, becoming a wholly owned subsidiary of Excellence Education Investment Limited, following the previously announced Merger Agreement dated October 13, 2025 [1][5]. Merger Details - At the effective time of the merger, each American depository share (ADS) representing four Class A ordinary shares was cancelled in exchange for US$2.30 in cash per ADS, subject to cancellation fees [2]. - Each Class A ordinary share was cancelled in exchange for US$0.575 in cash per share, excluding certain excluded shares [2]. - The Company terminated its 2017 and 2024 Share Incentive Plans as part of the merger [3]. - Vested and outstanding options to purchase shares under the Company Equity Plan were cancelled in exchange for cash if the exercise price was less than US$0.575; otherwise, they were cancelled without payment [4]. Post-Merger Actions - Following the merger, Bright Scholar's ADSs will no longer trade on the New York Stock Exchange (NYSE), and the Company has requested the suspension of trading and delisting of its ADSs [5][6]. - The Company plans to file a Form 15 with the SEC to request deregistration of its shares and suspension of reporting obligations under the Exchange Act [6]. Company Overview - Bright Scholar is a premier global education service group that provides quality international education to students, equipping them with essential academic foundations and skillsets for higher education [7].