The Foundational Programs in Students’ Home Countries Provides Robust Revenue Potential and Increases Student Enrollment
EpicQuest Education Group International Limited, a provider of higher education for domestic and international students in the US, Canada and the UK, announced that its owned and operated Davis University (“Davis”) entered into a Contract Agreement (the “Agreement”) with South China University of Technology for the Company to establish a foundational program on its University Town Campus, one its three main campuses. The Agreement is effective until January 2027.
Jianbo Zhang, Chief Executive Officer of EpicQuest Education, commented, “Our foundational programs represent a distinct revenue stream for the Company in addition to our other sources of revenue including revenue generated from our US and Canada-based institutions. Our Agreement with South China University of Technology is our third foundational program in China, and it is a first-class and internationally renowned university.”
CEO Jianbo Zhang continued, “The two-year foundational program enables students to attend their following two years on Davis’ Toledo, Ohio campus where they can apply their course credits to achieve a four year bachelor’s degree. It can also serve as a means of admission to one of Davis’ pathway programs that enables our students to transfer to top schools. We believe that creating options for our students to chart their academic journeys and achieve their career goals is of paramount importance,” CEO Jianbo Zhang concluded.
EpicQuest Education’s Diversified Sources of Revenue
- International Students Studying in North America: Comprises students from foreign countries that are enrolled in Davis University and EduGlobal College
- International Students Studying in the Home Countries: Comprises students enrolled in the Company’s foundational programs
- Domestic Students: Comprises students studying at Davis and EduGlobal as well as recruiting activities for the Miami University Regionals
- Student Services: Comprises residential and other fees from on-campus attendance
Davis’ foundational programs constitute a course of study for students to acquire the skills needed for Davis’ bachelor’s degree programs, as well as pathways for admission to other US universities. The Company also has foundational programs at Peking University and Shanghai Jiao Tong University, both of which are elite universities in China.
For South China University of Technology, each incoming class for the foundational program is expected to consist of approximately 120 students. The foundational program at South China University of Technology is expected to launch in the Fall of 2025 semester. The program has already begun to enroll students, and enrollment is expected to accelerate following China’s national entrance examination for higher education in early June 2025.
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.
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