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Asia Strategic Holdings

Full company profile

uuid0006ok9

Namestring
Asia Strategic Holdings
Legal namestring
Asia Strategic Holdings Limited
Company typeenum
Public
Founded yearint
2013
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersYangon, Myanmar (Burma)
HQ citystring
Yangon
HQ countrystring
Myanmar (Burma)
HQ regionstring
Asia
Markets served

Serves global market

Offices5 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
education services, language learning centres, security services, hospitality services, frontier market investment
Industry1 code
1Geography-Focused Venture Capital (Regional/Emerging Markets)
CodeFSANAAAEPrimaryYes
NAICS code1 code
  • All Other Financial Investment Activities52399
Product category
Education Services
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Education Operations
TypeSubscription Recurring
Description

Tuition and fees from operating education centres including Wall Street English language centres, Kids&Us schools, Logiscool coding schools, Auston College, and Yangon American International School across Myanmar and Vietnam

asia-strategic.com
2Hospitality Operations
TypeOne Time License
Description

Accommodation revenue from boutique hostel brand Ostello Bello operating in Bagan, Myanmar

asia-strategic.com
3Business Services
TypeSubscription Recurring
Description

Security risk management, guarding and protective services, security training services, investigative and risk services, journey management services, and facilities management through Exera

asia-strategic.com
4Franchise Royalties
TypeLicensing Royalties
Description

Licensing and franchise fees from exclusive rights to operate Wall Street English brand in Myanmar and Vietnam

asia-strategic.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Pricing details1 tier
1Education centre fees
ModelSubscriptionBilling cadenceMonthly
Notes

Tuition fees for language learning centres, coding schools, and K-12 institutions - not publicly disclosed

asia-strategic.com
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Asia Strategic Holdings is a London-listed investment company that develops and operates consumer and business services across emerging Asia (Myanmar and Vietnam). Its portfolio spans English language learning centres (Wall Street English, Kids&Us), coding and digital literacy schools (Logiscool), higher education (Auston College), K-12 international schooling (Yangon American International School), boutique hospitality (Ostello Bello), and business-to-business security and risk management services (Exera). It operates these businesses directly and through exclusive brand franchises.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Over 10,970 students across education portfolio
+2 more records
Product overview1 text field

Asia Strategic Holdings is a London-listed investment company operating a diversified portfolio of education, hospitality, and business services businesses across Vietnam and Myanmar. The company's education platform is its primary focus, comprising Wall Street English (English language learning with blended digital/teacher methodology), Kids&Us (English education for young children), Logiscool (coding and digital literacy for kids), Auston College (higher education partnerships with UK universities), and Yangon American International School (K-12 international schooling). The hospitality division operates the Ostello Bello boutique hostel brand, while the business services segment provides security and risk management through Exera. The company employs over 2,700 people across 280 sites and serves over 10,970 students in its education businesses.

Product and service7 records
1Wall Street English
CategoryEducation - English language learning
Description

English language learning centres offering blended learning programmes that combine digital technologies with native English teachers and proven teaching methods; operates in Myanmar (Yangon and Mandalay) and Vietnam (Ho Chi Minh City and Binh Duong) under exclusive franchise agreement with Pearson.

2Kids&Us
CategoryEducation - Early years English
Description

English language education programme for young children, operating across 6 campuses in Ho Chi Minh City, Vietnam and 4 campuses in Myanmar.

3Logiscool
CategoryEducation - Coding and digital literacy
Description

Fun-based coding school and digital literacy programme for children, operating 3 campuses in Vietnam and 5 campuses in Yangon and Mandalay, Myanmar.

4Auston College
CategoryEducation - Higher education
Description

Higher education institution offering foundation and diploma programmes in Engineering and Information Technology, with partnerships with UK universities including Liverpool John Moores University, University of Wolverhampton, and University College Birmingham; operates across campuses in Yangon and Mandalay.

5Yangon American International School
CategoryEducation - K-12 international schooling
Description

Premium K-12 international school offering education from Nursery through Grade 12 with Primary Campus, Early Years Village, and Secondary Campus; progressing toward International Baccalaureate accreditation.

6Exera
CategoryBusiness Services - Security and risk management
Description

Security risk management service provider offering guarding and protective services, security training, investigative and risk services, journey management, and cash-in-transit services; employs over 1,900 professionals across more than 250 customer sites in Myanmar and Vietnam.

7Ostello Bello
CategoryHospitality - Boutique hostel
Description

Boutique hostel brand targeting experience-driven travellers, operating in Bagan, Myanmar with 12 rooms and 40 beds.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership9 partners
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2019-01-01
Description

Academic partnership through Auston College providing UK university degree pathways for Myanmar students

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2017-01-01
Description

Partnership with Singapore's Auston Institute of Management to establish Auston College in Myanmar, offering foundation and diploma programmes. The college has expanded through partnerships with UK universities including Liverpool John Moores University, University of Wolverhampton, and University College Birmingham.

Strategic tierCoreTypeOEM/ Whitelabel/ Licensing PartnerAnnounced on2016-01-01
Description

Exclusive development and franchising agreement with Pearson to develop Wall Street English language centres across Myanmar. Wall Street English is a leading English language learning provider with over 450 centres in 27 countries. Asia Strategic negotiated and structured the deal, sourced locations, designed centres, hired teams, and standardised operations.

Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

Academic partnership through Auston College providing UK university degree pathways

Strategic tierFlagshipTypeStrategic or Co-development Partner
Description

Academic partnership through Auston College providing UK university degree pathways

Strategic tierKeyTypeImplementation/ SI/ Consulting Partner
Description

Reporting Accountant - 55 Baker Street, London W1U 7EU, United Kingdom

Strategic tierKeyTypeImplementation/ SI/ Consulting Partner
Description

Corporate Secretary - 80 Raffles Place, #33-00, UOB Plaza 1, Singapore

Strategic tierKeyTypeImplementation/ SI/ Consulting Partner
Description

UK Counsel - Cannon Place, 78 Cannon Street, London EC4N 6AF

Strategic tierKeyTypeImplementation/ SI/ Consulting Partner
Description

Myanmar Counsel - № 134/A, Than Lwin Road, Golden Valley Ward (1), Bahan Township, Yangon

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Hong Kong-listed higher education operator with extensive university partnerships across China. Comparable as a publicly listed education holding company pursuing scale through M&A and partnerships with international universities (similar to Asia Strategic's Auston College model).

TypeEmerging player
Description

Global risk consultancy providing security, investigative, and crisis management services to multinational corporations in frontier markets. Comparable to Exera's risk management, journey management, and investigative service lines serving enterprise clients in non-transparent markets.

TypeEmerging player
Description

Dubai-based private operator of premium K-12 international schools with global footprint including Asia. Comparable as a multi-brand international education platform operator pursuing premium positioning in emerging markets, similar to Asia Strategic's YAIS and franchise model.

TypeBroad incumbent
Description

NYSE-listed operator of K-12 international schools primarily in China. Comparable multi-brand international education platform with K-12 focus, though at substantially larger scale; both pursue premium international education positioning in Asian markets.

TypeBroad incumbent
Description

Global security services provider (now part of Allied Universal) operating across emerging markets with guarding, risk management, and facilities services. Comparable to Asia Strategic's Exera business in terms of service offering, customer profile (multinationals), and emerging-market focus.

TypeOthers
Description

Southeast Asia-focused private equity firm that acquires and develops consumer and education businesses across the region. Comparable as a regional investment vehicle deploying capital into frontier-market consumer opportunities, though structured as a fund rather than listed company.

TypeEmerging player
Description

Hong Kong-headquartered private operator of premium international schools across 30+ countries. Comparable premium international K-12 operator targeting affluent families in emerging and developed markets, similar target customer base to Asia Strategic's Yangon American International School.

TypeBroad incumbent
Description

Hong Kong-listed operator of K-12 international schools across China with Canadian curriculum. Comparable as a publicly listed platform focused on delivering international (Western) education credentials in Asian markets, particularly relevant given Asia Strategic's IB-track Yangon American International School.

TypeRegional player
Description

Singapore-listed education provider operating institutions across Asia-Pacific including universities and K-12 schools. Comparable as a listed Asian education group with multi-jurisdictional footprint and international curriculum offerings targeting students seeking globally recognised credentials.

TypeDirect peer
Description

Singapore-listed holding company operating a diversified portfolio of consumer-facing businesses in Myanmar, including real estate, automotive, and consumer products. Highly comparable as a fellow Myanmar-focused listed vehicle pursuing frontier market consumer opportunities through an operator-investor model.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries8 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Asia Strategic Holdings

Education Servicesasia-strategic.com

Asia Strategic Holdings firmographics

Firmographics
Name
Asia Strategic Holdings
Legal name
Asia Strategic Holdings Limited
Website
https://asia-strategic.com
Company type
Public
Founded year
2013
Operating status
Operating
Headcount range
1,001–5,000 employees
Ownership category
akta.pro rank

Asia Strategic Holdings industry classification

Industry
Product category
Education Services
NAICS
All Other Financial Investment Activities (52399)
akta.pro primary industry
Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)

Keywords

  • Education services
  • Language learning centres
  • Security services
  • Hospitality services
  • Frontier market investment

Where Asia Strategic Holdings is headquartered

Location

Headquarters

HQ city
Yangon
HQ country
Myanmar (Burma)
HQ region
Asia

Offices5 records

Markets served

Asia Strategic Holdings business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

  1. Education Operations: Tuition and fees from operating education centres including Wall Street English language centres, Kids&Us schools, Logiscool coding schools, Auston College, and Yangon American International School across Myanmar and Vietnam
  2. Hospitality Operations: Accommodation revenue from boutique hostel brand Ostello Bello operating in Bagan, Myanmar
  3. Business Services: Security risk management, guarding and protective services, security training services, investigative and risk services, journey management services, and facilities management through Exera
  4. Franchise Royalties: Licensing and franchise fees from exclusive rights to operate Wall Street English brand in Myanmar and Vietnam

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyEducation centre fees

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Asia Strategic Holdings product offering

Product offering

Core offering

Asia Strategic Holdings is a London-listed investment company that develops and operates consumer and business services across emerging Asia (Myanmar and Vietnam). Its portfolio spans English language learning centres (Wall Street English, Kids&Us), coding and digital literacy schools (Logiscool), higher education (Auston College), K-12 international schooling (Yangon American International School), boutique hospitality (Ostello Bello), and business-to-business security and risk management services (Exera). It operates these businesses directly and through exclusive brand franchises.

Product overview

Asia Strategic Holdings is a London-listed investment company operating a diversified portfolio of education, hospitality, and business services businesses across Vietnam and Myanmar. The company's education platform is its primary focus, comprising Wall Street English (English language learning with blended digital/teacher methodology), Kids&Us (English education for young children), Logiscool (coding and digital literacy for kids), Auston College (higher education partnerships with UK universities), and Yangon American International School (K-12 international schooling). The hospitality division operates the Ostello Bello boutique hostel brand, while the business services segment provides security and risk management through Exera. The company employs over 2,700 people across 280 sites and serves over 10,970 students in its education businesses.

Differentiator

Problem solved

Functional benefit

Products and services

  • Wall Street English English language learning centres offering blended learning programmes that combine digital technologies with native English teachers and proven teaching methods; operates in Myanmar (Yangon and Mandalay) and Vietnam (Ho Chi Minh City and Binh Duong) under exclusive franchise agreement with Pearson.
  • Kids&Us English language education programme for young children, operating across 6 campuses in Ho Chi Minh City, Vietnam and 4 campuses in Myanmar.
  • Logiscool Fun-based coding school and digital literacy programme for children, operating 3 campuses in Vietnam and 5 campuses in Yangon and Mandalay, Myanmar.
  • Auston College Higher education institution offering foundation and diploma programmes in Engineering and Information Technology, with partnerships with UK universities including Liverpool John Moores University, University of Wolverhampton, and University College Birmingham; operates across campuses in Yangon and Mandalay.
  • Yangon American International School Premium K-12 international school offering education from Nursery through Grade 12 with Primary Campus, Early Years Village, and Secondary Campus; progressing toward International Baccalaureate accreditation.
  • Exera Security risk management service provider offering guarding and protective services, security training, investigative and risk services, journey management, and cash-in-transit services; employs over 1,900 professionals across more than 250 customer sites in Myanmar and Vietnam.
  • Ostello Bello Boutique hostel brand targeting experience-driven travellers, operating in Bagan, Myanmar with 12 rooms and 40 beds.

Quantifiable outcome

  • Over 10,970 students across education portfolio
  • +2 more outcomes

Companies that use Asia Strategic Holdings

Customer profile

Named customers4 records

Segments6 records

Ideal customer profiles3 records

Asia Strategic Holdings technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Asia Strategic Holdings partnerships and signals

Strategic signal

Partnerships

Nine partnerships are on record, tiered flagship, core and key.

  • Liverpool John Moores UniversityflagshipStrategic or Co-development Partner · 1 January 2019Academic partnership through Auston College providing UK university degree pathways for Myanmar students
  • Auston Institute of Management (Singapore)coreStrategic or Co-development Partner · 1 January 2017Partnership with Singapore's Auston Institute of Management to establish Auston College in Myanmar, offering foundation and diploma programmes. The college has expanded through partnerships with UK universities including Liverpool John Moores University, University of Wolverhampton, and University College Birmingham.
  • PearsoncoreOEM/ Whitelabel/ Licensing Partner · 1 January 2016Exclusive development and franchising agreement with Pearson to develop Wall Street English language centres across Myanmar. Wall Street English is a leading English language learning provider with over 450 centres in 27 countries. Asia Strategic negotiated and structured the deal, sourced locations, designed centres, hired teams, and standardised operations.
  • University of WolverhamptonflagshipStrategic or Co-development PartnerAcademic partnership through Auston College providing UK university degree pathways
  • University College BirminghamflagshipStrategic or Co-development PartnerAcademic partnership through Auston College providing UK university degree pathways
  • BDO LLPkeyImplementation/ SI/ Consulting PartnerReporting Accountant - 55 Baker Street, London W1U 7EU, United Kingdom
  • Dentons Rodyk & Davidson LLPkeyImplementation/ SI/ Consulting PartnerCorporate Secretary - 80 Raffles Place, #33-00, UOB Plaza 1, Singapore
  • CMS Cameron McKenna Nabarro Olswang LLPkeyImplementation/ SI/ Consulting PartnerUK Counsel - Cannon Place, 78 Cannon Street, London EC4N 6AF
  • DFDLkeyImplementation/ SI/ Consulting PartnerMyanmar Counsel - № 134/A, Than Lwin Road, Golden Valley Ward (1), Bahan Township, Yangon

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Asia Strategic Holdings competitors and assessment

Company assessment

Broad incumbents

  • China Education Group Holdings: Hong Kong-listed higher education operator with extensive university partnerships across China. Comparable as a publicly listed education holding company pursuing scale through M&A and partnerships with international universities (similar to Asia Strategic's Auston College model).
  • Bright Scholar Education Holdings: NYSE-listed operator of K-12 international schools primarily in China. Comparable multi-brand international education platform with K-12 focus, though at substantially larger scale; both pursue premium international education positioning in Asian markets.
  • G4S (Allied Universal): Global security services provider (now part of Allied Universal) operating across emerging markets with guarding, risk management, and facilities services. Comparable to Asia Strategic's Exera business in terms of service offering, customer profile (multinationals), and emerging-market focus.
  • China Maple Leaf Educational Systems: Hong Kong-listed operator of K-12 international schools across China with Canadian curriculum. Comparable as a publicly listed platform focused on delivering international (Western) education credentials in Asian markets, particularly relevant given Asia Strategic's IB-track Yangon American International School.

Emerging players

  • Control Risks: Global risk consultancy providing security, investigative, and crisis management services to multinational corporations in frontier markets. Comparable to Exera's risk management, journey management, and investigative service lines serving enterprise clients in non-transparent markets.
  • GEMS Education: Dubai-based private operator of premium K-12 international schools with global footprint including Asia. Comparable as a multi-brand international education platform operator pursuing premium positioning in emerging markets, similar to Asia Strategic's YAIS and franchise model.
  • Nord Anglia Education: Hong Kong-headquartered private operator of premium international schools across 30+ countries. Comparable premium international K-12 operator targeting affluent families in emerging and developed markets, similar target customer base to Asia Strategic's Yangon American International School.

Others

  • Navis Capital Partners: Southeast Asia-focused private equity firm that acquires and develops consumer and education businesses across the region. Comparable as a regional investment vehicle deploying capital into frontier-market consumer opportunities, though structured as a fund rather than listed company.

Regional players

  • Raffles Education Corporation: Singapore-listed education provider operating institutions across Asia-Pacific including universities and K-12 schools. Comparable as a listed Asian education group with multi-jurisdictional footprint and international curriculum offerings targeting students seeking globally recognised credentials.

Direct peers

  • Yoma Strategic Holdings: Singapore-listed holding company operating a diversified portfolio of consumer-facing businesses in Myanmar, including real estate, automotive, and consumer products. Highly comparable as a fellow Myanmar-focused listed vehicle pursuing frontier market consumer opportunities through an operator-investor model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Asia Strategic Holdings social profiles

Digital presence

Asia Strategic Holdings financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Asia Strategic Holdings leadership team

Management profile

Number of profiles

Profiles6 records

Asia Strategic Holdings subsidiaries and ownership

Company hierarchy

Subsidiaries8 records

Asia Strategic Holdings funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Asia Strategic Holdings M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asia Strategic Holdings

What does Asia Strategic Holdings do?

Asia Strategic Holdings is a London-listed investment company that develops and operates consumer and business services across emerging Asia (Myanmar and Vietnam). Its portfolio spans English language learning centres (Wall Street English, Kids&Us), coding and digital literacy schools (Logiscool), higher education (Auston College), K-12 international schooling (Yangon American International School), boutique hospitality (Ostello Bello), and business-to-business security and risk management services (Exera). It operates these businesses directly and through exclusive brand franchises.

Is Asia Strategic Holdings a public or private company?

Asia Strategic Holdings is a public company. It is classified as public and is currently operating.

When was Asia Strategic Holdings founded?

Asia Strategic Holdings was founded in 2013. It employs 1,001 to 5,000 people.

Where is Asia Strategic Holdings based?

Asia Strategic Holdings is headquartered in Yangon, Myanmar (Burma), in the Asia region.

How does Asia Strategic Holdings make money?

Four revenue lines are on record. Education Operations are the primary driver. The others are hospitality Operations, business Services and franchise Royalties.

Who are Asia Strategic Holdings's main competitors?

Broad incumbents on record are China Education Group Holdings, Bright Scholar Education Holdings, G4S (Allied Universal) and China Maple Leaf Educational Systems. Emerging players are Control Risks, GEMS Education and Nord Anglia Education. Navis Capital Partners is listed as an others. Raffles Education Corporation is listed as a regional player. Yoma Strategic Holdings is listed as a direct peer.

Does Asia Strategic Holdings have an API?

No public API is recorded for Asia Strategic Holdings.

What industry is Asia Strategic Holdings in?

Asia Strategic Holdings's product category is Education Services. Its primary akta.pro industry code is FSANAAAE, Geography-Focused Venture Capital (Regional/Emerging Markets). Its NAICS code is 52399.

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Live signals
Investing.comStock Market News - Investing.com IndiaAsia Strategic Holdings shareholders approved OneStop Assurance PAC as new auditors at an extraordinary general meeting. The company operates education and services divisions in Vietnam and Myanmar, with 37 schools and EXERA employing about 2,280 personnel.Investing.comAsia Strategic Holdings appoints OneStop Assurance as auditor By Investing.comAsia Strategic Holdings appointed OneStop Assurance as its auditor after a competitive tender, subject to shareholder approval at an EGM on September 29, 2026. The appointment will replace BDO LLP Singapore and BDO LLP UK for statutory and UK annual reporting, while BDO Vietnam and Myanmar subsidiaries continue under BDO.Investing.comAsia Strategic Holdings appoints OneStop Assurance as auditor By Investing.comAsia Strategic Holdings appointed OneStop Assurance as its auditor after a competitive tender, subject to shareholder approval at an EGM on September 29, 2026. The appointment will replace BDO LLP Singapore and BDO LLP UK for statutory and UK annual reporting, while BDO Vietnam and Myanmar subsidiaries continue under BDO.InvestegateChange of auditor and notice of EGMAsia Strategic Holdings appointed OneStop Assurance as its new auditors, subject to shareholder approval at an EGM on 29 September 2026. The appointment follows a competitive tender, and BDO LLP will cease as auditors for statutory and UK reporting. The EGM will be held electronically via Zoom.Investing.comAsia Strategic grants 86,500 stock options to executives By Investing.comAsia Strategic Holdings Ltd. granted stock options over 86,500 ordinary shares to directors and key management under its 2024 employee share option plan, with CEO Enrico Cesenni receiving options for 15,000 shares and CFO Jonathan Geoffrey Kolb receiving options for 25,000 shares. The options represent 2.9% of the company's current issued share capital and were granted at an exercise price of $11.00, vesting over three years. The company operates education and services businesses across Vietnam and Myanmar, managing 37 schools serving over 10,970 students and employing approximately 2,280 personnel across 280 sites.