Bright Scholar announces management changes

Bright Scholar Education Holdings announced changes in its management. The Company received a letter of resignation dated January 3rd from Hongru Zhou, notifying the Company of his resignation as the CEO of the Company for personal reasons not resulting from any disagreement with the Company, its management, board of directors or any committee of the Board, on any matter relating to the Company’s operations, policies or practice. The Board has accepted Zhou’s resignation on January 18, effective from the same date. Zhou will continue to serve as the chairperson of the Board of the Company. The Board has appointed Ruolei Niu as the CEO of the Company, who previously served as the Company’s CFO, effective from January 18. The Board has also appointed Hui Zhang, who previously served as the financial director of the Company, as its CFO, effective from the same date. Ruolei Niu served as the CFO of the Company from February 2023 to January 2024. Niu served as the vice general manager of Country Garden Venture Capital from February 2022 to February 2023. Prior to that, Niu had also served as the founder, general manager, co-chief investment officer and responsible officer at CG Partners Asset Management from 2015 to 2022, and the executive director, fund manager and responsible officer at China Merchants Fund Management from 2010 to 2015.