Asia Strategic Holdings Limited Exclusive agreement for Kids&Us School of English (2213J)

TIDMASIA

RNS Number : 2213J

Asia Strategic Holdings Limited

25 April 2022

25 April 2022

Asia Strategic Holdings Ltd.

("Asia Strategic" or the "Company")

Exclusive franchising agreement for the development of "Kids&Us School of English" in Myanmar

Asia Strategic Holdings Ltd. (LSE: ASIA), the independent developer and operator of consumer businesses located in emerging Asia , is pleased to announce that it has today entered into an exclusive franchising agreement with Kids&Us English, S.L.U ("Kids&Us") for the development of English language centres for children under the brand "Kids&Us School of English" in Myanmar.

Kids&Us is a leading provider of English language education for children from as young as 1 year old and teenagers. Founded in Manresa, Barcelona, in 2003, Kids&Us has over 155,000 students across 437 schools in Spain and 90 schools internationally.

Since founding the school, Natàlia Perarnau has developed an innovative and effective pedagogical method:

-- Kids&Us uses a unique teaching method based on the natural process of developing one's mother tongue, a process which takes place in a specific, natural and spontaneous order.

   --   The courses are adapted to the students' ages and life experiences. 

-- Small groups - a maximum of 5 in the 'Babies' stage (1 and 2-year-olds) and 8 across the rest of the courses - allow for personalised attention and a high level of student participation and interaction in the classroom.

   --   Continuity of the courses allows children to learn from 1 year old. 
   --   Classes are conducted entirely in English, ensuring total linguistic immersion. 
   --   Students can continue learning English outside of class time: 

o The Kids&Us 360 Universe provides an endless range of activities and stimulating opportunities to continue learning at urban day camps, workshops (for cooking, science, theatre), summer camps, etc.

o Products created by Kids&Us include books, boardgames, etc.

o Apps, online homework exercises and electronic devices.

Under the terms of this exclusive franchising agreement, the Company shall pay Kids&Us (i) an initial fee of approximately EUR 100,000, (ii) ongoing service fees as a percentage of revenues and (iii) didactic materials based on consumption, among other fees.

The Company is planning for its first two centres to be located in Yangon and to be operational by June 2023.

Commenting on the partnership, Natàlia Perarnau and Quim Serracanta, founders of Kids&Us School of English, said : "We are delighted that we have agreed to this strategic partnership with Asia Strategic Holdings for the provision of English language education to children in Myanmar. Education is a truly universal right, and we are excited about the opportunity to offer our best-in-class methodology and products in Myanmar. We look forward to a long and prosperous relationship with Asia Strategic Holdings and further expanding the Kids&Us global brand into Asia. "

Commenting, Enrico Cesenni, Chief Executive Officer of Asia Strategic Holdings, said: "Over the past two years, Asia Strategic Holdings has assessed several brands and teaching methodologies to determine the most suitable to Myanmar and the broader Asia region. Kids&Us and its founders have a clear vision, driven successful academic outcomes and built an excellent offline and online product as demonstrated by their commercial success across Europe.

"We hope that this partnership marks the beginning of a highly beneficial, mutual relationship with Kids&Us. While the situation in Myanmar remains volatile, there is a significant market for the provision of globally recognised education programmes. We aim to continue growing our presence in this sector over the coming years."

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

 
 Asia Strategic Holdings Ltd. 
  Richard Greer, Independent Non-Executive     [e-mail] 
  Chairman                                     [e-mail] 
  Enrico Cesenni (OSI), Founder and Chief 
  Executive Officer 
 Allenby Capital Limited (Broker) 
  Nick Athanas 
  Nick Naylor 
  Freddie Wooding                             [phone] 
 Yellow Jersey PR (Financial PR) 
  Henry Wilkinson                             [phone] 
 

Notes to editors

Asia Strategic Holdings Ltd.

Asia Strategic Holdings Ltd. (LSE: ASIA) is an independent developer and operator of consumer businesses in Vietnam and Myanmar, two of the fastest growing economies in the world over the last decade. The Company's portfolio currently focuses on Education, Services and Hospitality with the view to expand within the broader consumer sector.

Education sector: the Company currently has exclusive development and franchising agreements with Wall Street English for up to ten English language centres across Myanmar. Two centres were opened in 2017, a third in August 2018, and a fourth in February 2020. As of September 2021, Wall Street English Myanmar served ca 1,900 students.

In July 2020, the Company completed the acquisition of the Wall Street English business in Vietnam. Founded in 2013, the WSE Vietnam business operates through seven centres in Ho Chi Minh and Binh Dhuong serving ca. 3,300 students.

The Company also operates a joint venture with Auston Institute of Management to develop and operate the Auston College Myanmar. The private school opened in May 2018 offering diplomas in Engineering Technology, Mechanical Engineering and Networking, Information Systems, and Security. English language learning is also provided by the Company's nearby Wall Street English centre. In February 2020, the Company announced a partnership with Liverpool John Moores University to provide high quality engineering training programmes for young, working professionals in Myanmar, to be taught by Auston College Myanmar's teaching staff at its Junction Square complex in Yangon.

In August 2019 the Company launched its first private K-12 international school, the Yangon American International School ("Yangon American") in Yangon. In July 2021 Yangon American was recognised as an official International Baccalaureate Primary Years Programme ("IB PYP") school by the International Baccalaureate Organization.

In April 2022, the Company entered into an exclusive franchising agreement with Kids&Us for the development of English language schools for children across Myanmar. The first two centres shall be opened in Yangon by June 2023.

Services sector: through its acquisition of EXERA, the Company offers security, risk management and secure logistics services, including cash-in-transit. Founded in 2013, EXERA employs approximately 1,600 well-trained and high-quality security officers making it one of the largest security services providers in Myanmar.

Hospitality sector: through its portfolio, the Company currently manages over 470 beds across four boutique hotels in three core tourist locations in Myanmar, operating under the award winning Ostello Bello budget hospitality brand. The Company operates an asset light strategy, entering into long-term operating and management agreements with local hotel owners.

Vietnam and Myanmar were among the fastest growing economies in Asia in 2017-2020 (Source: Asian Development Bank). In 2022, Vietnam's annual GDP growth is expected to be 6.5% (Source: Asian Development Bank).

The Company is well positioned to provide investors early exposure to Vietnam's and Myanmar's strong economic fundamentals enhanced by ASEAN's wider growth prospects.

To receive news alerts on Asia Strategic Holdings please sign up here under the 'RNS' header:

https://ms-holdings.com/investor-relations/#

Kids&Us

Founded in Manresa, Barcelona, in 2003 by Natàlia Perarnau and Quim Serracanta, Kids&Us has over 155,000 students in 437 schools in Spain and 90 schools in various countries in Europe, Mexico, Japan and Morocco.

In 2017, Corpfin Capital acquired a majority stake in Kids&Us together with its founders, with the aim of promoting a new stage of growth and professionalisation of the company.

https://www.kidsandus.es/en/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGRPPUAGCUPPGUA

(END) Dow Jones Newswires

April 25, 2022 06:19 ET (10:19 GMT)