Bright Scholar Education Holdings Limited Reports Impairment Loss on Goodwill for the Fourth Quarter Ended August 31, 2022

Bright Scholar Education Holdings Limited a global education service provider operating K-12 schools and complementary education services in China and overseas. The Company’s business includes domestic K-12 schools, overseas schools and complementary education services. The Company’s schools for domestic K-12 education services consist of international schools, bilingual schools and kindergartens. The Company is dedicated to providing quality international education to Chinese students and equipping them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education overseas. The Company also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China.