Bright Scholar Education Holdings Ltd. (中国)

The Company, its subsidiaries, schools, its variable interest entities (the “VIE”s) and its VIEs' subsidiaries (collectively referred to as the “Group”) are principally engaged in the provision of education services, including complementary education services, operation services for domestic schools, and education programs and services including independent schools and colleges in United Kingdom (the “UK”) and the United States (the “US”).
The Company is an education service provider, operates and provides K-12 schools and complementary education services in China, Hong Kong, Canada, the United States, and the United Kingdom. The company operates in three segments: Overseas Schools; Complementary Education Services; and Domestic Kindergartens and K-12 Operation Services. It also offers a range of complementary education services, including camps and after-school programs, and international education consulting services, as well as career counselling and international contest training services.
The Company operates in three reportable segments including Overseas Schools, Complementary Education Services, and K-12 Operation Services.
HISTORY
1994 The Company was founded in 1994 and is based in Foshan, China.
2016 The Company was incorporated under the laws of Cayman Islands on December 16, 2016.
2017 On May 18, 2017, the Company s common shares listing on the New York Stock Exchange under the symbol “BEDU.”
2018
- On March 1, 2018, the Group acquired 70 equity interest of Can-achieve (Beijing) Education Consulting Co., Ltd. and its subsidiaries (“Can-achieve Group”).
- On December 1, 2018, the Group acquired 70 equity interest of Hangzhou Impression Arts Training Limited Co., Ltd. ( Hangzhou Impression ). The Group also acquired 100 equity interest of Bournemouth Collegiate School ( BCS ).
2019
- On May 1, 2019, the Group acquired 80 equity interest of Wuhan Sannew Education Development Co., Ltd. and its subsidiaries.
- On July 12, 2019, the Group acquired 100 equity interest of CATS Colleges Holdings Limited and its subsidiaries.
- On September 2, 2019, the Group acquired 100 equity interest of STM and BIC, with a total consideration of GBP 40,730 (with equivalent to RMB 352,699).
- On August 31 , 2020 , the Group acquired 51 equity interest of Shanghai Huodai Business Information Consulting Co., Ltd.
Effective the first quarter of fiscal year 2025, the Company changed its presentation currency from Renminbi (“RMB”) to Great Britain Pound (“GBP”) to better align with the Company's business activities and reflect the Company's performance. In this announcement, the unaudited financial results for the quarter ended November 30, 2024, are stated in GBP. Prior period numbers have been recast into the new reporting currency.