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Bright Scholar Education Holdings Ltd – ‘20-F’ for 8/31/19 – ‘EX-4.28’

On:  Monday, 12/23/19, at 7:57am ET   ·   For:  8/31/19   ·   Accession #:  1104659-19-75306   ·   File #:  1-38077

Previous ‘20-F’:  ‘20-F’ on 12/14/18 for 8/31/18   ·   Next:  ‘20-F’ on 12/23/20 for 8/31/20   ·   Latest:  ‘20-F’ on 1/2/24 for 8/31/23   ·   4 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/23/19  Bright Scholar Education Hol… Ltd 20-F        8/31/19  139:23M                                    Toppan Merrill/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   3.08M 
 2: EX-2.4      Plan of Acquisition, Reorganization, Arrangement,   HTML    920K 
                Liquidation or Succession                                        
 3: EX-4.27     Instrument Defining the Rights of Security Holders  HTML     40K 
 4: EX-4.28     Instrument Defining the Rights of Security Holders  HTML     40K 
 5: EX-4.29     Instrument Defining the Rights of Security Holders  HTML     40K 
 6: EX-4.30     Instrument Defining the Rights of Security Holders  HTML     40K 
 7: EX-4.31     Instrument Defining the Rights of Security Holders  HTML     40K 
 8: EX-4.32     Instrument Defining the Rights of Security Holders  HTML     40K 
 9: EX-4.33     Instrument Defining the Rights of Security Holders  HTML     40K 
10: EX-4.34     Instrument Defining the Rights of Security Holders  HTML     40K 
11: EX-4.35     Instrument Defining the Rights of Security Holders  HTML    376K 
12: EX-4.36     Instrument Defining the Rights of Security Holders  HTML    389K 
13: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML    110K 
16: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     40K 
17: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     40K 
14: EX-12.1     Statement re: Computation of Ratios                 HTML     45K 
15: EX-12.2     Statement re: Computation of Ratios                 HTML     45K 
18: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     42K 
19: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     40K 
20: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     38K 
43: R1          Document and Entity Information                     HTML     71K 
91: R2          Consolidated Balance Sheets                         HTML    180K 
132: R3          Consolidated Balance Sheets (Parenthetical)         HTML     80K  
59: R4          Combined and Consolidated Statements of Operations  HTML    108K 
46: R5          Combined and Consolidated Statements of             HTML     64K 
                Comprehensive Income                                             
94: R6          Combined and Consolidated Statements of             HTML    128K 
                Shareholders' Equity                                             
135: R7          Combined and Consolidated Statements of             HTML     45K  
                Shareholders' Equity (Parenthetical)                             
56: R8          Combined and Consolidated Statements of Cash Flows  HTML    218K 
47: R9          Combined and Consolidated Statements of Cash Flows  HTML     44K 
                (Parenthetical)                                                  
73: R10         Organization and Principal Activities               HTML    389K 
29: R11         Summary of Significant Accounting Policies          HTML    278K 
106: R12         Business Combination                                HTML    316K  
120: R13         Short-Term Investments                              HTML     43K  
71: R14         Other Receivables, Deposits and Other Assets        HTML     65K 
27: R15         Property and Equipment, Net                         HTML     69K 
104: R16         Land Use Rights, Net                                HTML     53K  
118: R17         Intangible Assets, Net                              HTML     68K  
69: R18         Deposits for Acquisition                            HTML     41K 
31: R19         Long-Term Investments                               HTML     67K 
96: R20         Goodwill                                            HTML     58K 
139: R21         Bond Payable                                        HTML     43K  
68: R22         Accrued Expenses and Other Current Liabilities      HTML     74K 
55: R23         Share Capital                                       HTML     45K 
95: R24         Revenue                                             HTML     92K 
138: R25         Share-Based Compensation                            HTML    140K  
67: R26         Income Tax Expense                                  HTML    188K 
54: R27         Earnings Per Share                                  HTML     74K 
98: R28         Related Party Transactions                          HTML    279K 
137: R29         Commitments and Contingencies                       HTML     58K  
114: R30         Non-Controlling Interests                           HTML    220K  
101: R31         Segment Information                                 HTML    197K  
33: R32         Contribution Plan                                   HTML     42K 
75: R33         Statutory Reserves and Restricted Net Assets        HTML     43K 
115: R34         Cash and Cash Equivalents and Restricted Cash       HTML     53K  
102: R35         Subsequent Events                                   HTML     41K  
34: R36         Schedule 1 - Condensed Financial Statement of       HTML    285K 
                Bright Scholar Education Holdings Limited                        
76: R37         Summary of Significant Accounting Policies          HTML    360K 
                (Policies)                                                       
116: R38         Organization and Principal Activities (Tables)      HTML    378K  
100: R39         Summary of Significant Accounting Policies          HTML    204K  
                (Tables)                                                         
133: R40         Business Combination (Tables)                       HTML    309K  
92: R41         Other Receivables, Deposits and Other Assets        HTML     65K 
                (Tables)                                                         
44: R42         Property and Equipment, Net (Tables)                HTML     69K 
57: R43         Land Use Rights, Net (Tables)                       HTML     52K 
134: R44         Intangible Assets, Net (Tables)                     HTML     68K  
93: R45         Long-Term Investments (Tables)                      HTML     67K 
45: R46         Goodwill (Tables)                                   HTML     58K 
58: R47         Accrued Expenses and Other Current Liabilities      HTML     74K 
                (Tables)                                                         
136: R48         Revenue (Tables)                                    HTML     91K  
90: R49         Share-Based Compensation (Tables)                   HTML    137K 
112: R50         Income Tax Expense (Tables)                         HTML    184K  
127: R51         Earnings Per Share (Tables)                         HTML     74K  
78: R52         Related Party Transactions (Tables)                 HTML    192K 
36: R53         Commitments and Contingencies (Tables)              HTML     60K 
111: R54         Non-Controlling Interests (Tables)                  HTML    219K  
126: R55         Segment Information (Tables)                        HTML    200K  
77: R56         Cash and Cash Equivalents and Restricted Cash       HTML     52K 
                (Tables)                                                         
35: R57         ORGANIZATION AND PRINCIPAL ACTIVITIES - Additional  HTML     88K 
                Information (Detail)                                             
113: R58         ORGANIZATION AND PRINCIPAL ACTIVITIES - Principal   HTML    453K  
                Subsidiaries and VIE Subsidiaries (Detail)                       
125: R59         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML    188K  
                Schedule of Amounts and Balances of BGY Education                
                Investment (Detail)                                              
64: R60         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     85K 
                Additional Information (Detail)                                  
50: R61         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     61K 
                Schedule of Estimated Useful Lives of Property and               
                Equipment (Detail)                                               
88: R62         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     55K 
                Amortization Periods by Major Intangible Asset                   
                Classes (Detail)                                                 
130: R63         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES -        HTML     63K  
                Revenue Recognition (Detail)                                     
63: R64         BUSINESS COMBINATION - Additional Information       HTML    135K 
                (Detail)                                                         
49: R65         BUSINESS COMBINATION - Schedule of Purchase Price   HTML    245K 
                Allocation (Detail)                                              
87: R66         BUSINESS COMBINATION - Schedule of Pro forma        HTML     51K 
                Information (Detail)                                             
129: R67         Short-Term Investments (Detail)                     HTML     65K  
60: R68         Other Receivables, Deposits and Other Assets        HTML     60K 
                (Detail)                                                         
52: R69         PROPERTY AND EQUIPMENT, NET- Summary of Property    HTML     68K 
                and Equipment, Net (Detail)                                      
40: R70         PROPERTY AND EQUIPMENT, NET - Additional            HTML     41K 
                Information (Detail)                                             
80: R71         LAND USE RIGHTS, NET - Schedule of Land Use Right,  HTML     43K 
                Net (Detail)                                                     
122: R72         LAND USE RIGHTS, NET - Additional Information       HTML     46K  
                (Detail)                                                         
108: R73         INTANGIBLE ASSETS, NET - Schedule of Intangible     HTML     65K  
                Assets (Detail)                                                  
41: R74         INTANGIBLE ASSETS, NET - Additional Information     HTML     55K 
                (Detail)                                                         
81: R75         Deposits for Acquisition (Details)                  HTML     57K 
123: R76         Long-Term Investments (Details)                     HTML     81K  
109: R77         Goodwill (Details)                                  HTML     50K  
38: R78         Bond Payable (Details)                              HTML     70K 
84: R79         Accrued Expenses and Other Current Liabilities      HTML     75K 
                (Detail)                                                         
39: R80         Share Capital (Detail)                              HTML    151K 
79: R81         REVENUE - Schedule of Revenue (Details)             HTML     64K 
121: R82         REVENUE - Contract balances (Details)               HTML     49K  
107: R83         SHARE-BASED COMPENSATION - Additional Information   HTML     98K  
                (Details)                                                        
42: R84         SHARE-BASED COMPENSATION - Summary of Assumptions   HTML     61K 
                used in Determining Fair Value of Share Options                  
                Grant (Details)                                                  
82: R85         SHARE-BASED COMPENSATION - Schedule of Share        HTML     83K 
                Option Movements (Details)                                       
124: R86         INCOME TAX EXPENSE - Schedule of Income Tax         HTML     65K  
                Expense (Detail)                                                 
110: R87         INCOME TAX EXPENSE - Additional Information         HTML    101K  
                (Detail)                                                         
37: R88         INCOME TAX EXPENSE - Summary of Deferred Tax        HTML     69K 
                Assets and Liabilities (Detail)                                  
83: R89         INCOME TAX EXPENSE - Schedule of Reconciliation     HTML     71K 
                Between Provision for Income Taxes Computed by                   
                Applying PRC EIT Rates of 25% to Income Before                   
                Income Taxes and Actual Provision for Income Tax                 
                (Detail)                                                         
65: R90         EARNINGS PER SHARE - Schedule of Earnings Per       HTML     66K 
                Share (Detail)                                                   
51: R91         EARNINGS PER SHARE - Additional Informational       HTML     40K 
                (Detail)                                                         
89: R92         RELATED PARTY TRANSACTIONS - Schedule of            HTML    101K 
                Transactions With Related Parties (Detail)                       
131: R93         RELATED PARTY TRANSACTIONS - Schedule of Amounts    HTML     62K  
                Owed From and to Related Parties (Detail)                        
62: R94         RELATED PARTY TRANSACTIONS - Schedule of Amounts    HTML     77K 
                Due to Related Parties (Detail)                                  
48: R95         COMMITMENTS AND CONTINGENCIES - Additional          HTML     40K 
                Information (Detail)                                             
86: R96         COMMITMENTS AND CONTINGENCIES - Schedule of Future  HTML     58K 
                Rental Commitments Under Non-Cancelable Operating                
                Leases (Detail)                                                  
128: R97         COMMITMENTS AND CONTINGENCIES - Schedule of Future  HTML     39K  
                Minimum Capital Commitments Under Non-Cancelable                 
                Construction Contracts (Detail)                                  
61: R98         NON-CONTROLLING INTERESTS - Summary of Changes in   HTML    101K 
                Non-Controlling Interests (Detail)                               
53: R99         NON-CONTROLLING INTERESTS - Summary of Changes in   HTML     44K 
                Non-Controlling Interests (Parenthetical) (Detail)               
28: R100        SEGMENT INFORMATION - Additional Information        HTML     39K 
                (Detail)                                                         
72: R101        SEGMENT INFORMATION - Schedule of Revenue and       HTML     65K 
                Operating Results by Segments (Detail)                           
117: R102        Segment Information - Geographic Information        HTML     55K  
                (Details)                                                        
103: R103        Contribution Plan (Detail)                          HTML     41K  
30: R104        Statutory Reserves and Restricted Net Assets        HTML     56K 
                (Detail)                                                         
74: R105        Cash and Cash Equivalents and Restricted Cash       HTML     49K 
                (Detail)                                                         
119: R106        Subsequent Events (Detail)                          HTML     55K  
105: R107        Schedule 1 - Condensed Financial Statement of       HTML    123K  
                Bright Scholar Education Holdings Limited -                      
                Balance Sheet (Details)                                          
32: R108        Schedule 1 - Condensed Financial Statement of       HTML     72K 
                Bright Scholar Education Holdings Limited -                      
                Statements of Operations Combined and                            
                Comprehensive Income (Details)                                   
70: R109        Schedule 1 - Condensed Financial Statement of       HTML    121K 
                Bright Scholar Education Holdings Limited -                      
                Statements of Cash Flows (Details)                               
66: R110        SCHEDULE 1 - CONDENSED FINANCIAL STATEMENT OF       HTML     39K 
                BRIGHT SCHOLAR EDUCATION HOLDINGS LIMITED -                      
                Additional Information (Details)                                 
85: XML         IDEA XML File -- Filing Summary                      XML    242K 
99: EXCEL       IDEA Workbook of Financial Reports                  XLSX    178K 
21: EX-101.INS  XBRL Instance -- bedu-20190831                       XML   7.22M 
23: EX-101.CAL  XBRL Calculations -- bedu-20190831_cal               XML    322K 
24: EX-101.DEF  XBRL Definitions -- bedu-20190831_def                XML   1.32M 
25: EX-101.LAB  XBRL Labels -- bedu-20190831_lab                     XML   2.25M 
26: EX-101.PRE  XBRL Presentations -- bedu-20190831_pre              XML   1.90M 
22: EX-101.SCH  XBRL Schema -- bedu-20190831                         XSD    415K 
97: ZIP         XBRL Zipped Folder -- 0001104659-19-075306-xbrl      Zip    392K 


‘EX-4.28’   —   Instrument Defining the Rights of Security Holders


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 4.28

 

Rights and Obligations Assumption Letter

 

This entity, Sannew American Middle School, is the subsidiary established by Hubei Sannew Education Development Limited, which is controlled by BGY Education Investment Management Co., Ltd. (“Investor”) and registered in Wuhan City at Development Zone branch office of the Ministry of Civil Affairs on May 26, 2016. The Investor holds 80% of the interests in this entity.

 

In accordance with the Exclusive Management Service and Business Cooperation Agreement (“Agreement”) entered into by and between Investor, Zhuhai Hengqin Bright Scholar Management Consulting Co., Ltd. and other relevant parties on January 25, 2017, this entity shall join the Agreement according to Article 10.1 of the Agreement as a “New Subsidiary of Party B” under the Agreement.

 

This entity hereby agrees to join the Agreement as a new Subsidiary of Party B of the Investor, enjoy the rights under the Agreement, and perform the obligations according to the Agreement (except for any inconsistency with the Equity Acquisition Agreement where provisions of the Equity Acquisition Agreement shall prevail). This Assumption Letter came into effect upon the date of execution.

 

Sannew American Middle School

(Seal) Sannew American Middle School Affixed

 

By:

/s/Ben Fan

 

Name:

Ben Fan

 

Title:

Legal Representative

 

Date:

December 20, 2019

 

 



Dates Referenced Herein

This ‘20-F’ Filing    Date    Other Filings
Filed on:12/23/19None on these Dates
12/20/19
For Period end:8/31/19
1/25/17
5/26/16
 List all Filings 


4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/02/24  Bright Scholar Education Hol… Ltd 20-F        8/31/23  143:13M                                    EdgarAgents LLC/FA
 6/21/23  Bright Scholar Education Hol… Ltd 20-F        8/31/22  147:16M                                    EdgarAgents LLC/FA
 1/18/22  Bright Scholar Education Hol… Ltd 20-F        8/31/21  183:17M                                    EdgarAgents LLC/FA
12/23/20  Bright Scholar Education Hol… Ltd 20-F        8/31/20  171:21M                                    Toppan Merrill/FA
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Filing Submission 0001104659-19-075306   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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