Mr. Toby Chu reports

EDUCATION MEGA CENTRE SECURES DEVELOPMENT PERMIT APPROVAL

Global Education Communities Corp.'s flagship joint venture project, GEC Education Mega Centre (EMC), located in Surrey, B.C., has received both rezoning and development permit approvals. The approvals were granted during the city council meeting held on Monday, June 23, 2025, subject to finalizing all applicable documents.

About the GEC Education Mega Centre

Strategically located at the core of Surrey's growing education hub, EMC offers exceptional accessibility:

• Within 100 metres of Surrey Central SkyTrain Station and the forthcoming Simon Fraser University Medical School;
• 150 metres from Simon Fraser University (Surrey Campus) and Kwantlen Polytechnic University (Surrey Central Campus);
• Less than two kilometres from Douglas College (Surrey), Sprott Shaw College (Surrey) and the planned University of British Columbia (Surrey Campus);
• Approximately 7.6 kilometres from Douglas College (New Westminster) and 7.7 km from the Justice Institute of B.C.

The approved development envisions a 49-storey mixed-use tower comprising:

• One level of retail space;
• Two levels of commercial space (preleased to Global Education Communities subsidiary institutions);
• Three levels of market rental units for education sector staff working for Global Education Communities' partner schools;
• Forty-three levels of fully furnished, student-centric market rental units housing up to 1,380 residents.

Consistent with the GEC operating model, rental suites will include full furnishings, regular housekeeping, enhanced security and access to a variety of amenities such as an e-library, video conferencing rooms, fitness centre, quiet lounge, coffee shop, games room and computer labs.

Importantly, a portion of the market rental units will be reserved for faculty and staff of Global Education Communities' educational partners, providing convenient, secure accommodations within walking distance of campus facilities. Currently, none of the 14 postsecondary institutions located in Surrey offer student or staff housing -- making EMC a unique and timely solution to an urgent need.

About Global Education Communities Corp.

Since 1994, Global Education Communities has established itself as a leading player in the Canadian education and student housing sector, serving both domestic and international markets. Global Education Communities offers a comprehensive range of services, encompassing business and language colleges, student-centric rental apartments, recruitment services for educational opportunities, and a network of campuses and offices across 40 locations.

Through its subsidiaries, Global Education Communities provides a holistic educational experience for over 10,000 students annually. These subsidiaries include established institutions like Sprott Shaw College (founded in 1903), Sprott Shaw Language College, Vancouver International College and CIBT. These subsidiaries offer programs covering health care, business and technology.

Global Education Communities also addresses student housing needs through its subsidiary, Global Education City Holdings Inc. (GECH). GECH focuses on developing and managing student-centric rental apartments and education super-centres in Metro Vancouver, boasting a portfolio exceeding $1.3-billion, including operational properties and projects under development.

Global Education Communities also owns Global Education Alliance Inc. (GEA), a subsidiary that specializes in placing students in elite North American schools and universities, and Irix Design, a leading design and media communication company based in Vancouver, Canada.

We seek Safe Harbor.