As at January 7, 2022, Bright Scholar Education Holdings Limited repurchased the Notes in an aggregate principal amount of USD 30,000,000 (the "Repurchased Notes"), representing 10.0% of the initial principal amount of the Notes. The Repurchased Notes have been cancelled in accordance with the terms of the Notes and the indenture governing the Notes. As at the date of this announcement, the outstanding principal amount of the Notes is USD 270,000,000, representing 90.0% of the initial principal amount of the Notes.

The Company will monitor market conditions and its financial structure and may further repurchase its Notes as and when appropriate.