Result of AGM

Asia Strategic Holdings Limited

07 March 2024

 

7 March 2024

Asia Strategic Holdings Ltd.

("Asia Strategic" or the "Company")

Result of AGM

Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and manager of consumer businesses located in emerging Asia, is pleased to announce that at the Company's Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.

For more information, please visit www.asia-strategic.com or contact:

Asia Strategic Holdings Ltd. Richard Greer, Independent Non-Executive Chairman Enrico Cesenni (OSI), Founder and Chief Executive Officer	[e-mail] [e-mail]
Allenby Capital Limited (Broker) Nick Athanas Nick Naylor Lauren Wright	[phone]
Yellow Jersey PR (Financial PR) Sarah Hollins Bessie Elliot	[phone]

Notes to editors

Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and operator of consumer businesses in Emerging Asia, specifically Vietnam and Myanmar, two of the world's fastest-growing economies. The company's portfolio focuses on Education and Services.

Education: the company operates brands in English language learning, coding, K-12 international school, and tertiary education, with 20 schools serving approximately 8,700 students at 30 September 2023.

The company entered into an exclusive agreement with Wall Street English in 2017 for operating rights to Myanmar and secured rights to operate Wall Street English Vietnam through an acquisition in 2020. At September 2023, Wall Street English Myanmar operated five schools and served ca.  3,700 students, while Wall Street English Vietnam operated seven schools and served ca. 3,700 students.

The company also signed an exclusive agreement with Kids&Us in 2022 to offer English language learning for children in Vietnam and Myanmar. At 30 September 2023, Kids&Us Vietnam operated four schools and served ca. 400 students, while Kids&Us Myanmar operated one school and served ca. 100 students.

In 2023, the Group entered into exclusive franchising agreements with Logiscool to develop coding schools for children in Vietnam and Myanmar. The company opened its maiden coding school in November 2023 in Ho Chi Minh City, Vietnam and its second school in December 2023 in Yangon, Myanmar.

Yangon American International School launched in August 2019. It is an accredited International Baccalaureate ("IB") Primary Years Programme ("PYP") school and a candidate school for the IB Middle Years Programme ("MYP") accreditation. It offered up to seventh grade in this Academic Year 2023/24 and served ca. 100 students at 30 September 2023.

The company has partnerships with Auston Institute of Management (Singapore) and Liverpool John Moores University (UK) to offer internationally recognised engineering and IT diplomas and degrees. Auston has two campuses in Yangon and Mandalay and had ca. 750 enrolled students at 30 September 2023.

Services: through its acquisition of EXERA in 2018, the Group provides protection of assets, risk management, and secure logistics services. EXERA employs approximately 1,400 well-trained security officers in Myanmar. The company also manages two boutique hotels in core tourist destinations in Myanmar under the brand Ostello Bello.

Deploying an asset-light strategy, Asia Strategic Holdings is well-positioned to offer investors early exposure to the robust fundamentals of Vietnam and Myanmar.

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