EpicQuest Education Enters into Agreement for a Fourth Foundational Program

Rhea-AI Summary

EpicQuest Education (NASDAQ: EEIQ) has announced a strategic agreement with Jishi Holdings to establish its fourth foundational program at the Chinese University of Hong Kong, Shenzhen campus. The program, operated through Davis University, has already admitted 20 students with plans to expand to 60 students.

The agreement, effective until August 31, 2027, represents EEIQ's continued expansion of its foundational programs, which prepare international students for bachelor's degree programs at Davis University and other US institutions. The company operates similar programs at other elite Chinese universities, forming a distinct revenue stream while advancing its internationalization strategy.

Positive

• Already secured 20 student enrollments with capacity for 60 students
• Partnership with prestigious Chinese University of Hong Kong, Shenzhen campus
• Fourth foundational program established, expanding international presence
• Creates additional revenue stream through international education programs

Negative

• Limited initial enrollment of 20 students compared to 60-student capacity
• Agreement duration limited to two years until August 2027

Insights

International Education Business Analyst

EEIQ expands revenue streams with fourth foundational program at prestigious Chinese University of Hong Kong, Shenzhen campus.

EpicQuest Education has established a significant new revenue channel through its agreement with Jishi Holdings to create a foundational program at the Chinese University of Hong Kong's Shenzhen campus. This strategic expansion represents the company's fourth such program, strengthening its position in the international education market.

The program has already demonstrated immediate traction with 20 students enrolled and capacity for up to 60 students. This quick uptake suggests strong demand for EEIQ's educational pathway programs, which prepare international students for bachelor's degree programs at Davis University or other American institutions.

This agreement aligns perfectly with EEIQ's stated internationalization strategy, creating a mutually beneficial arrangement where:

• Students can begin their education in their home countries, reducing initial barriers to international education
• EEIQ develops diversified revenue streams beyond traditional campus-based education
• The company establishes relationships with prestigious institutions, enhancing its credibility and brand positioning

The partnership with an institution connected to the Chinese University of Hong Kong—one of Asia's most respected universities—provides EEIQ with enhanced credibility in the competitive international education market. This model of creating foundational programs at elite universities represents a scalable business approach that could be replicated in additional markets as part of EEIQ's international expansion strategy.

EEIQ's Foundational Programs in Students' Home Countries Constitute a Distinct Revenue Stream for the Company

TOLEDO, Ohio, Aug. 28, 2025 /PRNewswire/ -- EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of higher education for domestic and international students in the US, Canada and the UK, today announced that its owned and operated Davis University ("Davis") entered into an agreement with Jishi Holdings (Guangdong) Co. Ltd., established by the School of Artificial Intelligence, the Chinese University of Hong Kong, Shenzhen, for the Company to establish a foundational program on the Shenzhen campus of the Chinese University of Hong Kong. The Agreement is effective until August 31, 2027.

Jianbo Zhang, Chief Executive Officer of EpicQuest Education, commented, "Although the program commenced just this month, we have already admitted 20 students with plans to enroll up to 60 students in this new program. Our foundational programs represent a distinct revenue stream for the Company, and they enable students to study in their home countries to gain the skills needed for study abroad. The agreement represents our fourth foundational program, and all of our programs are with first-class and internationally renowned universities."

EEIQ's Davis University foundational programs constitute a course of study for students to acquire the skills needed for Davis University's bachelor's degree programs as well as pathways for admission to other US universities. The Company also has foundational programs at other elite universities in China.

EpicQuest Education's Mission of Internationalization

The Company believes that internationalization is a key element of its strategic growth plan. EpicQuest Education's growth plan is to have its operated colleges, Davis University and EduGlobal College, become increasingly focused on international recruiting and enhanced globalized learning to its students as well as pathways to achieve university degrees. The Company's strategic growth plan is to achieve international expansion and establish EpicQuest Education as a truly international service provider of higher learning.

About the Chinese University of Hong Kong, Shenzhen

The Chinese University of Hong Kong, Shenzhen (CHUK-Shenzhen) offers bilingual education in Chinese and English. The university offers a diverse range of disciplines across eight colleges and a graduate school. The school aims to build an interdisciplinary and innovative world-class platform for teaching and research. CHUK-Shenzhen focuses on cultivating core competencies in fields such as computer science and mathematics, encourages interdisciplinary exploration, and promotes the application of artificial intelligence technologies across a wide range of domains.

About EpicQuest Education Group International Limited

EpicQuest Education Group International Limited ("EpicQuest Education" or the "Company") provides comprehensive education solutions for domestic and international students seeking university and University degrees in the US, Canada and the UK. The Company owns and operates EduGlobal University, based in British Columbia, Canada, which focuses on English proficiency educational programming for students pursuing academic degrees. The Company operates and is a 70% owner of Davis University, a career training University located in Toledo, Ohio. In addition, the Company has a recruiting relationship with the Miami University Regional campuses, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University. The Company is also a recruiting agent for the University of the West of Scotland (through The Education Group (London) Ltd) and Coventry University, both of which are located in the UK. EpicQuest Education recently established a wholly owned subsidiary, Gilmore Inv LLC, in Ohio, that will offer international educational programs related to kinesiology and recreation education. The Company also established a company in Ohio, SouthGilmore LLC that has been formed to organize sports-related entertainment projects, which is 40% owned by Gilmore. For more information, please visit www.epicquesteducation.com/.

Safe Harbor Statement

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release include, without limitation, the expected enrollment in its foundational programs, and the increased revenue expected from such programs. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.

All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our most recent Form 20-F and otherwise in our SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contacts:

EpicQuest Education Group International Limited
+1 513-649-8350
info@epicquesteducation.com 

Investor Relations:
Precept Investor Relations LLC
David Rudnick
+1 646-694-8538
david.rudnick@preceptir.com

Source: EpicQuest Education Group International Limited

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SOURCE EpicQuest Education Group International Limited

FAQ

What is the new agreement between EpicQuest Education (NASDAQ: EEIQ) and Jishi Holdings?

EEIQ's Davis University has partnered with Jishi Holdings to establish a foundational program at the Chinese University of Hong Kong, Shenzhen campus, effective until August 31, 2027.

How many students are currently enrolled in EEIQ's new foundational program in Shenzhen?

The program has currently admitted 20 students with plans to expand enrollment to 60 students.

How many foundational programs does EpicQuest Education (EEIQ) now operate?

This agreement represents EEIQ's fourth foundational program, all partnered with first-class and internationally renowned universities.

What is the purpose of EEIQ's foundational programs?

The foundational programs prepare international students with necessary skills for Davis University's bachelor's degree programs and provide pathways for admission to other US universities.

How does this agreement align with EpicQuest Education's strategic growth plan?

The agreement advances EEIQ's internationalization strategy, focusing on international recruiting and enhanced globalized learning while establishing itself as an international provider of higher education.