EpicQuest Education Enters into Agreement for a New Foundational Program

Core Insights - EpicQuest Education is expanding its foundational programs in China, with a new agreement with South China University of Technology, marking its third such program in the country [1][3] - The two-year foundational program allows students to transfer to Davis' Toledo, Ohio campus for their final two years, facilitating a pathway to a four-year bachelor's degree [1][4] - The company emphasizes the importance of providing options for students to achieve their academic and career goals [1] Revenue Diversification - EpicQuest Education has multiple revenue streams, including those from its US and Canada-based institutions, alongside its foundational programs [1][2] - The foundational programs at elite Chinese universities like Peking University and Shanghai Jiao Tong University further enhance the company's revenue potential [3] Enrollment Expectations - The foundational program at South China University of Technology is expected to enroll approximately 120 students per incoming class, with enrollment anticipated to accelerate after China's national entrance examination in June 2025 [4] Strategic Growth Plan - The company aims for internationalization as a key element of its growth strategy, focusing on international recruitment and globalized learning [5] - EpicQuest Education seeks to establish itself as a leading international service provider of higher learning [5] Institutional Background - South China University of Technology is recognized as one of China's leading universities, particularly noted for its engineering programs and global partnerships [6] - The university hosts over 39,000 students, including more than 2,000 international students from over 100 countries [6] Company Overview - EpicQuest Education provides comprehensive education solutions for students seeking university degrees in the US, Canada, and the UK [7] - The company operates EduGlobal University in British Columbia and holds a 70% stake in Davis University in Ohio [7][9]