Bright Scholar Appoints Financial Advisor and Legal Counsel for Special Committee Review of Proposal

Bright Scholar Education Holdings has appointed Kroll, LLC as its financial advisor and Gibson, Dunn & Crutcher LLP as its legal counsel to evaluate a preliminary non-binding proposal letter. The company's board of directors has formed a special committee to review the proposal, but no decisions have been made regarding the transaction. The company cautions its shareholders that there is no guarantee that a definitive agreement will be executed or that the transaction will be approved or consummated.