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REDMAGIC Tech Conference: Define The Future

SHENZHEN, China, Oct. 13, 2025 /PRNewswire/ — REDMAGIC, a global leader in professional gaming devices, today unveiled its latest innovations in smartphone thermal technology at the REDMAGIC Gaming and Liquid Cooling Technology Conference in Shenzhen. The event highlighted the company’s industry-first mass-produced liquid cooling system, alongside advanced air-cooling innovations, setting a new benchmark for mobile device thermal management and gaming performance.

REDMAGIC’s Industry-First Mass-Produced Liquid Cooling System
REDMAGIC’s Industry-First Mass-Produced Liquid Cooling System

Revolutionizing Smartphone Cooling with Industry-First Mass-Produced Liquid Cooling

REDMAGIC has introduced the first mass-produced liquid cooling system for smartphones, inspired by AI liquid-cooled servers. At its core is a fluorinated cooling liquid with exceptional insulation and thermal conductivity, designed to operate safely between -40°C and 70°C while maintaining optimal performance, overcoming the limitations of conventional coolants in extreme environments.

While liquid cooling is common in AI servers and desktop PCs, fitting it into a compact smartphone required breakthroughs in three areas:

  • Device Miniaturization
    • Piezoelectric ceramic micropump: After thousands of design iterations, REDMAGIC optimized the balance between driving force and footprint to deliver reliable fluid circulation in an ultra-thin package.
    • Micro-scale flow channels: Using micron-level laser cutting, the team integrated ultra-fine liquid channels inside the device. Continuous testing of channel membranes ensured smooth, low-resistance flow.
  • Drop Resistance: Mass production must withstand real-world use, not just lab demos. REDMAGIC’s system employs an ultra-low-temperature bonding process and a new anti-puncture membrane. Together, they enabled the design to pass tens of thousands of drop tests, meeting stringent durability targets.
  • Anti-Freezing Coolant: Leveraging the same class of fluorinated liquid used in leading AI servers, the coolant remains stable, with dual-track heat dissipation (CPU + 4D VC heat sink) and efficient even below freezing, while providing excellent electrical insulation and heat transfer.

Turbo Fan 4.0: Advanced Air Cooling for Extreme Performance

REDMAGIC’s Turbo Fan 4.0 sets a new standard in mobile air-cooling technology. The system spins at up to 24,000 rpm, coupled with a large, continuous airflow duct, ensuring rapid heat removal and consistent device performance.

By integrating three core air-cooling approaches—independent, channel-based, and composite—Turbo Fan 4.0 allows REDMAGIC to maintain industry-leading thermal efficiency across demanding gaming scenarios, further establishing the company as a pioneer in smartphone thermal management.

For the first time, the system also provides IPX8-rated dust and water resistance, guaranteeing reliable performance under everyday conditions while protecting device longevity.

Gaming Performance and Esports Validation

The REDMAGIC Astra Gaming Tablet has already set a new benchmark for mobile gaming performance. With the upgraded engine co-developed with CrossFire Mobile, it delivers ultra-smooth gameplay at 165Hz, featuring enhanced textures, environmental lighting, and detailed visual layers, bringing an unprecedented level of realism and immersion. Player interactions, scene dynamics, and in-game physics are also significantly improved, providing a fully responsive gaming experience.

In competitive esports, REDMAGIC devices are widely recognized for their reliability and performance. Chen Jin, head of Tencent’s K1 CrossFire product operations, highlighted that the collaboration with REDMAGIC has substantially reduced abnormal exits, mid-match disconnects, and the need for spare devices during tournaments.

Thanks to the absolute advantages in performance, cooling, high refresh rate, and control, REDMAGIC esports phones have become the official devices for six major esports leagues in China: CrossFire Mobile Pro League, Arena Breakout Pioneer Cup, QQ Speed Mobile S League, Call of Duty Mobile Masters, League of Legends Mobile Super League, and Dawn Heroes Team Tournament. This endorsement underscores the trust and recognition of REDMAGIC devices by mainstream game developers.

Looking ahead, the upcoming REDMAGIC 11 Pro series will continue to elevate mobile gaming performance, further enhancing speed, stability, and immersive gameplay for both casual and professional gamers.

Upcoming REDMAGIC 11 Pro Series

Building on the success of the REDMAGIC 10S Pro, the REDMAGIC 11 Pro series will introduce the next generation of mobile gaming performance. Equipped with the fifth-generation Qualcomm Snapdragon 8 Gen 5 Mobile Platform, the device combines extreme processing power with the industry-first dual-track cooling system, enabling a maximum power release for sustained high-performance gaming.

Gamers can expect Wuthering Waves to run at 90 FPS for up to 120 minutes under ultra-high graphics settings, demonstrating exceptional stability and sustained performance. The device also supports more than 200 popular titles optimized for 2K resolution and 144 Hz frame rates, providing the hardware foundation for a significant leap in visual quality and gameplay smoothness. With advanced air and liquid cooling integration, the 11 Pro ensures consistent performance even during prolonged, high-load gaming sessions, setting a new benchmark for thermal management and mobile gaming performance.

REDMAGIC continues to uphold its “Win More Games” philosophy, seamlessly integrating system-level software optimization with cutting-edge hardware capabilities. This approach delivers a smoother, richer, and more precise mobile gaming experience, empowering gamers to perform at their best in every scenario.

For more information on REDMAGIC’s innovations, visit the official REDMAGIC website.

About REDMAGIC

We established REDMAGIC in 2018 with the dream of making it the world’s brand of choice for mobile gaming. Our motto, Win More Games, is brought to life by our collection of gaming gear that includes gaming phones and accessories, as well as PC equipment and devices to keep you connected to the internet. REDMAGIC has built a solid reputation with gamers worldwide for its performance, and we’ve amassed a global reach of 30 countries and regions to make us one of the best gaming smartphone manufacturers in the market.

Bybit Ties Welcome Gifts Program to MNT & BNB Rallies with $5,000,000 Prize Pool

DUBAI, UAE, Oct. 13, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil a new $5,000,000 MNT & BNB prize pool reserved for its welcome gifts program. The initiative highlights both assets’ demonstrable market performance in the summer of 2025. In the new offer, each qualified new user stands to earn up to $100 in benefits from now until rewards run out.

Through the bull and bear cycles, MNT (Mantle) price has surged by over 263% from year to date, and BNB (Binance Coin) by over 135% during the same period. As the only top exchange offering welcome benefits from both BNB and MNT, Bybit enables new users to participate in the growth potential of two leading blockchain ecosystems from their very first day on the platform. With the warm welcome designed for MNT and BNB supporters, eligible new users to Bybit stand to increase exposure to these trending assets as part of their onboarding experience.

The new Bybit welcome gifts program offers multiple ways for eligible new users to get a share from the $5 million prize pool. Prolific traders stand to earn up to $100 in benefits plus enhanced savings rates as they start their Bybit journey and unlock new personal milestones:

  • Tier 1 – Identity Verification: New users who complete the identity verification process are eligible to receive 20 USDT in either Spot or Derivatives fee savers.
  • Tier 2 – Initial Deposit: Users who deposit a minimum of $100 can claim an additional 20 USDT in either Spot or Derivatives fee savers.
  • Tier 3 – Deposit and Trading: Upon depositing $100 or more and executing trades starting at $10, users may select from 20 USDT worth of MNT or BNB tokens, or 20 USDT in Spot fee savers or Derivatives bonuses.
  • Tier 4 – Enhanced Trading Volume: Users who deposit a minimum of $100 and complete trades totaling $30,000 or more qualify for 40 USDT in either Spot or Derivatives fee savers.
  • Tier 5 – Savings Product Participation: New users who purchase 100 USDT in Bybit Savings products gain access to promotional interest rates of 555% APR plus a 300% APR booster.

The digital asset market has no shortage of new opportunities. Evolving with the market and with its community, Bybit is committed to providing accessible entry points for new traders through competitive incentive programs. With $5,000,000 in prizes, the enhanced welcome gifts program promises to empower individuals looking to begin their crypto trading journey as they capture positive momentum for MNT and BNB.

Bybit Ties Welcome Gifts Program to MNT & BNB Rallies with $5,000,000 Prize Pool
Bybit Ties Welcome Gifts Program to MNT & BNB Rallies with $5,000,000 Prize Pool

Terms and conditions apply. For information on eligibility and restrictions, users may visit: Share a $5,000,000 MNT & BNB prize pool plus earn up to $100 in Bybit Welcome Gifts!

#Bybit / #CryptoArk 

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

For updates, please follow: Bybit’s Communities and Social Media

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Daqo New Energy to Announce Unaudited Results for the Third Quarter of 2025 on October 27, 2025

SHANGHAI, Oct. 13, 2025 /PRNewswire/ — Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy” or the “Company”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced it plans to release its unaudited financial results for third quarter of 2025 ended September 30, 2025 before U.S. markets open on Monday, October 27, 2025.

The Company has scheduled a conference call to discuss the results at 8:00 AM U.S. Eastern Time on Monday, October 27, 2025 (8:00 PM Beijing / Hong Kong time on the same day).

The dial-in details for the earnings conference call are as follows:

Participant dial in (U.S. toll free): +1-888-346-8982

Participant international dial in: +1-412-902-4272

China mainland toll free: 4001-201203

Hong Kong toll free: 800-905945

Hong Kong local toll: +852-301-84992

Please dial in 10 minutes before the call is scheduled to begin and ask to join the Daqo New Energy Corp. call.

Webcast link:

https://event.choruscall.com/mediaframe/webcast.html?webcastid=PBni7hsJ

A replay of the call will be available 1 hour after the conclusion of the conference call through November 3, 2025. The dial in details for the conference call replay are as follows:

U.S. toll free: +1-877-344-7529

International toll: +1-412-317-0088

Canada toll free: 855-669-9658

Replay access code: 9478610

To access the replay through an international dial-in number, please select the link below.

https://services.choruscall.com/ccforms/replay.html

Participants will be asked to provide their name and company name upon entering the call.

About Daqo New Energy Corp.

Daqo New Energy Corp. (NYSE: DQ) (“Daqo” or the “Company”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufacturers, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world’s lowest cost producers of high-purity polysilicon.

For more information, please visit www.dqsolar.com

A Glimpse into the Future of “People, Cars and Life”: The 2025 Chery International User Summit Set to Open

WUHU, China, Oct. 13, 2025 /PRNewswire/ — As the global automotive industry rides the wave of a once-in-a-century transformation, a new era marked by openness and integration is unfolding. The role of automakers is evolving—from being mere providers of transportation to becoming co-builders of an interconnected mobility ecosystem. Yet, the journey from simple product trade to deep value resonance, from meeting basic mobility needs to shaping modern lifestyles, is one filled with challenges and breakthroughs. As a world-class enterprise in green and intelligent mobility technology, Chery Group has spent the past 28 years forging a path from product export to cultural integration—and now to co-creating lifestyles with users around the globe. Today, this remarkable journey is about to enter a new chapter. The 2025 Chery International User Summit will officially open on October 17 in Wuhu, China. More than a celebration of technology and innovation, the summit will be a grand gathering for millions of users worldwide to look back on the road traveled and envision the future together.

Vision: A Journey Shared with the World

From the moment Chery’s first vehicles drove overseas in 2001, to the present where its cars travel the roads of over 120 countries and regions, every kilometer represents a story of trust and companionship. When a Brazilian father drives his CHERY to pick up his wife, or a German family chooses an OMODA for their weekend getaway—these everyday moments compose the living chronicle of how Chery has grown from Wuhu to the world.

Chery Group has become the fastest-rising automaker in the 2025 Fortune Global 500
Chery Group has become the fastest-rising automaker in the 2025 Fortune Global 500

Today, Chery Group has ranked as China’s leading passenger vehicle exporter for 22 consecutive years, becoming the first Chinese independent automotive brand to surpass five million cumulative overseas sales and earning the trust of more than 17.72 million users worldwide.

Yet, Chery’s globalization is far more than the accumulation of sales figures — it is a profound journey from commercial presence to community integration. Guided by its global philosophy of “In somewhere, For somewhere, Be somewhere,” Chery has established eight overseas R&D centers, gaining deep insights into local markets and user needs while delivering tailored products and services.

From cooling systems optimized for the Middle East’s scorching climates to precision chassis tuning that caters to European driving preferences, Chery’s localized operations have allowed it to grow not only as a mobility partner and a household name for families worldwide, but also as an active contributor to local economies and communities.

Evolution: From Product Operation to Ecosystem Co-Creation

For Chery, an automobile has long transcended the notion of being a cold mechanical tool. It is a bridge of emotion that connects people, and a “third space” that carries lifestyle, identity, and imagination. Rooted in this understanding, Chery has evolved its vision from product operation to ecosystem co-creation, giving rise to the WCWL (With Creative, With Love) user ecosystem.

Chery supports UNICEF’s global education programme
Chery supports UNICEF’s global education programme

At the heart of WCWL lie Creative and Love. Creative symbolizes infinite possibilities, while Love represents heart-to-heart connection. Whether it is through ESG initiatives co-developed with UNICEF and the International Union for Conservation of Nature (IUCN)—embedding social responsibility into the brand’s DNA; or through innovative technologies such as the AiMOGA Robotics and Argos robot dog, bringing “a trusted intelligent assistant for humanity” into everyday life; or through co-created lifestyle products like iCAUR-life, transforming user imagination into reality—each example vividly illustrates the living spirit of the WCWL ecosystem.

In this two-way journey between brand and users, traditional boundaries between supply and demand are dissolving. The automotive experience is extending far beyond mobility itself, reaching deeply into every aspect of users’ lives. An open ecosystem covering people, cars, and life is gradually taking shape—one in which every user is not only a product owner, but also a co-creator of the ecosystem and a co-sharer of its value.

Opening: A Global Rendezvous with the Future

Years of innovation and exploration will soon culminate in a moment of brilliance at the 2025 Chery International User Summit, opening on October 17. As the centerpiece of the event, the Chery International Eco-Exhibition will present the full WCWL ecosystem matrix—a vivid embodiment of Chery’s global vision and diversified brand strategy.

Inside this exhibition hall—an immersive reflection of Chery’s globalization journey and multi-brand evolution—visitors will relive Chery’s “brand trilogy” and revisit the shining milestones it has achieved alongside users worldwide. Here, guests will experience Chery’s diverse brand universe: from CHERY, representing hybrid technology, intelligent electrification, and family-first values; to OMODA & JAECOO, co-creating better lifestyles with a new generation of young users; from EXEED, redefining luxury, technology, and new energy; to iCAUR with the slogan “classic never fades”. And for those seeking refined inspiration, the world’s first LEPAS Global Boutique Store will offer a unique showcase of Chery’s personalized approach to modern living—crafted for diverse user circles and their individual aspirations.

Within this space, visitors will experience the warmth of cutting-edge technology. Through immersive displays in hybrid, electric, and intelligent driving innovations, guests will witness how technology empowers a better, more human-centered life. Beyond technology, a “User Co-Creation Living Room” will bring the human touch to the forefront. In creative spaces like the Coffee Library and Elegant Lifestyle Marketplace, users can exchange ideas with like-minded enthusiasts and discover co-created products born from real user inspiration and imagination.

This is not merely an exhibition—it is an intimate encounter with the lifestyle of the future. From exploring how technology can seamlessly integrate into daily life, to connecting with a global community of kindred spirits, to engaging in thought-provoking conversations with Chery’s engineering minds—every participant becomes a protagonist in this ever-evolving “dream space.” Together, users and Chery will jointly define a new paradigm for “People, Cars and Life”—one that reflects the imagination, sustainability, and emotional connection of our shared era.

AiMOGA robot Mornine
AiMOGA robot Mornine

From a provider of mobility products to a co-creator of a diversified global mobility ecosystem, Chery’s growth journey has always been one of walking side by side with its users. The 2025 Chery International User Summit is not only a reflection of past achievements, but also the starting point of a shared vision—where Chery and its global users join hands to shape a smarter, greener, and more beautiful way of mobility and living.

Together, we look forward to witnessing at this grand event a future of travel that is more open, more human, and filled with infinite possibilities.

Jackson Wang Ignites Galaxy Arena with 3 Nights of Jackson Wang MAGICMAN 2 World Tour 2025-2026 in Macau Presented by Galaxy Macau™


MACAU SAR – Media OutReach Newswire – 13 October 2025 – Global icon Jackson Wang dazzles Macau with his triumphant return with Jackson Wang MAGICMAN 2 World Tour 2025–2026, presented by Galaxy Macau™. Over the past weekend, Jackson brought the house down at the prestigious Galaxy Arena with three sold-out performances, captivating close to 35,000 fans with his electrifying stage presence, cinematic storytelling, and masterful hit renditions.

Jackson Wang MAGICMAN 2 World Tour 2025-2026 in Macau Presented by Galaxy Macau™ concluded with three nights of packed shows at Galaxy Arena, captivating close to 35,000 die-hard fans and spectators.
Jackson Wang MAGICMAN 2 World Tour 2025-2026 in Macau Presented by Galaxy Macau™ concluded with three nights of packed shows at Galaxy Arena, captivating close to 35,000 die-hard fans and spectators.

As the only officially announced stop in Greater China, the Macau leg of the tour was a spectacular evolution from his previous shows at the same venue two years ago. The concert began with a dramatic flourish – Jackson ascending to a fantastical stage, setting the tone for an immersive experience that unfolded like a cinematic film. Meticulously engineered to deliver a multi-dimensional experience, the stage, integrated with the top-notch hardware at Galaxy Arena, featured aerial performances, an extended catwalk aisle, and a retractable floating podium — all crafted to bring fans as close as possible to their absolute idol.

Jackson Wang MAGICMAN 2 World Tour 2025-2026 in Macau Presented by Galaxy Macau™ concluded with three nights of packed shows at Galaxy Arena, captivating close to 35,000 die-hard fans and spectators.
Jackson Wang MAGICMAN 2 World Tour 2025-2026 in Macau Presented by Galaxy Macau™ concluded with three nights of packed shows at Galaxy Arena, captivating close to 35,000 die-hard fans and spectators.

True to his promise to take audiences “right into the heart of the story”, Jackson structured the show into five chapters, tracing his journey from darkness to dazzling light. At start, Jackson was suspended above the main stage, creating an impactful sight. He then performed High Alone, Access, BUCK and GBAD over the electrifying night. One of the most heartfelt segments was a moving tribute to his parents, who attended Jackson’s concert for the first time; their love and sacrifices shaped his path. Accompanied by his emotional performance of Sophie Ricky, the moment resonated deeply with the crowd.

Music lovers were enthralled by Jackson’s electrifying performance and dazzling stagecraft at Galaxy Arena
Music lovers were enthralled by Jackson’s electrifying performance and dazzling stagecraft at Galaxy Arena

Audience interaction reached new heights, with Jackson inviting fans on stage for spontaneous dancing and joyful mingling – turning the arena into a euphoric celebration of music, connection, and artistry.

Lucky fans were invited on stage to join Jackson’s performance.
Lucky fans were invited on stage to join Jackson’s performance.

With upgraded production, fresh creative direction, and Jackson’s ever-evolving vision, Jackson Wang MAGICMAN 2 World Tour in Macau was more than just a concert – it was a cinematic spectacle and a testament to his enduring global influence – one of the most unforgettable memories for Jackson’s fans from around the world.

Hashtag: #GalaxyMacau

The issuer is solely responsible for the content of this announcement.

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Nine award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau, and the opening-soon Capella at Galaxy Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz- Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind cabaret lounge that evokes the glamor of Shanghai’s golden era with stylish entertainment and customizable surrounds; and Foot Hub, which presents the traditional art of reflexology for authentic relaxation and revitalization. For Authentic Macau Flavours and Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavours at Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also catered to with a portfolio of unique venues in Galaxy Macau and an expert service team. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world-class event venue featuring 40,000-square-meters of total flexible MICE, and the 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

For more details, please visit and

Bright Scholar Enters into Definitive Agreement for Going-Private Transaction

CAMBRIDGE, England and FOSHAN, China, Oct. 13, 2025 /PRNewswire/ — Bright Scholar Education Holdings Limited (“Bright Scholar” or the “Company”) (NYSE: BEDU), a global premier education service company, today announced that it has entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Excellence Education Investment Limited (“Parent”) and Bright Education Mergersub Limited (“Merger Sub”), a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the “Merger”).

At the effective time of the Merger (the “Effective Time”), each American depository share of the Company (each, an “ADS”), representing four Class A ordinary shares of the Company (together with the Class B ordinary shares of the Company, the “Shares”), issued and outstanding immediately prior to the Effective Time, other than ADSs representing the Excluded Shares (as defined in the Merger Agreement), together with the underlying Shares represented by such ADSs, will be cancelled in exchange for the right to receive US$2.30 in cash per ADS without interest, and each Share of the Company issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, Shares represented by ADSs and the Dissenting Shares (as defined in the Merger Agreement), will be cancelled in exchange for the right to receive US$0.575 in cash per Share without interest.

The merger consideration represents a premium of approximately 47.4% to the closing price of the ADSs on May 23, 2025, the last trading day prior to the Company’s receipt of the preliminary non-binding proposal from the buyer group consisting of Mr. Hongru Zhou, Mr. Ruolei Niu, Excellence Education Investment Limited, Ultimate Wise Group Limited and Sure Brilliant Global Limited on May 26, 2025, and premiums of approximately 39.4% and 35.9% to the volume-weighted average closing price of the ADSs during the last 30 trading days and 60 trading days, respectively, prior to and including May 23, 2025.

The Merger will be funded through a combination of (i) cash contribution from Wisdom Avenue Global Limited and Waterflower Investment Ltd. (collectively, the “Sponsor,” and together with Mr. Hongru Zhou, Mr. Ruolei Niu, Excellence Education Investment Limited, Ultimate Wise Group Limited and Sure Brilliant Global Limited, the “Buyer Group”) pursuant to a subscription agreement, (ii) equity rollover by Sure Brilliant Global Limited of all Shares (including Shares represented by ADSs) it holds in the Company pursuant to a rollover agreement, and (iii) transfer by Ultimate Wise Group Limited of all Shares (including Shares represented by ADSs) it holds to Merger Sub for nominal value pursuant to a share purchase agreement.

The board of directors of the Company (the “Board”), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the “Special Committee”), approved the Merger Agreement and the Merger. As the Merger will be in the form of a “short-form” merger in accordance with Section 233(7) of the Companies Act (2025 Revision) of the Cayman Islands between a parent company and one of its subsidiary companies (as those terms are defined in the Companies Act (2025 Revision) of the Cayman Islands), the Merger does not require a shareholder vote or approval by a special resolution of the Company’s shareholders if a copy of the Plan of Merger is provided to every registered shareholder of the Company.

The Merger is currently expected to close in 2025 and is subject to customary closing conditions. If completed, the Merger will result in the Company becoming a privately held company, and its ADSs will no longer be listed on The New York Stock Exchange, and the Company’s ADS program will be terminated.

Kroll, LLC is serving as the financial advisor to the Special Committee. Gibson, Dunn & Crutcher LLP is serving as U.S. legal counsel to the Special Committee. Baker & Mckenzie LLP is serving as U.S. legal counsel to the Company. Conyers Dill & Pearman is serving as Cayman Islands legal counsel to the Company.

King & Wood Mallesons is serving as legal counsel to the Buyer Group. Appleby is serving as Cayman Islands legal counsel to the Buyer Group.

Additional Information About the Merger

The Company will furnish to the U.S. Securities and Exchange Commission (the “SEC”) a current report on Form 6-K regarding the Merger, which will include as an exhibit thereto the Merger Agreement. All parties desiring details regarding the Merger are urged to review these documents, which will be available at the SEC’s website (http://www.sec.gov). 

In connection with the Merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the “Schedule 13E-3”) to its shareholders. The Schedule 13E-3 will be filed with the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE SCHEDULE 13E-3 AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER, AND RELATED MATTERS. In addition to receiving the Schedule 13E-3 by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the Merger, and related matters, without charge from the SEC’s website (http://www.sec.gov).

About Bright Scholar Education Holdings Limited

Bright Scholar is a premier global education service Group. The Company primarily provides quality international education to global students and equips them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education.

For more information, please visit: https://ir.brightscholar.com/.  

Safe Harbor Statement

This announcement contains statements that may constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s business plans and development, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “future,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Bright Scholar may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Bright Scholar’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement to be filed by the Company; the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; its ability to provide efficient services and compete effectively; its ability to maintain and enhance the recognition and reputation of its brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. 

For investor inquiries, please contact:

IR Contact:
Email: BEDU@thepiacentegroup.com 
Phone: +86 (10) 6508-0677/ +1-212-481-2050

Media Contact:
Email: media@brightscholar.com  

TIME Recognizes Aurzen’s Zip and Boom Air Among 2025’s Best Inventions

IRVINE, Calif., Oct. 13, 2025 /PRNewswire/ — Aurzen‘s Zip and Boom Air have earned spots on TIME magazine’s Best Inventions of 2025, a nod to the brand’s creativity and impact in redefining portable projection. This dual honor from TIME underscores Aurzen’s commitment to making big-screen experience simpler, smarter, and more portable than ever.

TIME Recognizes Aurzen's Zip and Boom Air Among 2025's Best Inventions
TIME Recognizes Aurzen’s Zip and Boom Air Among 2025’s Best Inventions

Aurzen Zip, a pocket-sized tri-fold projector, features a patented Z-shaped design, Wi-Fi-free mirroring, and zero-latency auto-focus. Its built-in stand and vertical full-screen mode make it ideal for spontaneous entertainment and short-form videos on the go.

Aurzen Boom Air integrates Google TV, a swivelling gimbal, and a 65W USB-C power bank, delivering a bright, effortless viewing experience anywhere.

Both ZIP and Boom Air projectors are now available on Amazon and Aurzen.com.

About Aurzen

Aurzen is a global innovator in smart projection technology, dedicated to creating high-value, user-friendly entertainment solutions for modern lifestyles. By combining advanced optical engineering with intuitive software and user-focused design, Aurzen delivers products that bring big-screen experiences to any space. The company pioneered the world’s first Tri-Fold Truly Portable Projector, ZIP, and its designs have been recognized with multiple international awards, including the iF Design Award, Red Dot Award, G-Mark Award, and IDEA Award.

 

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