Asia Strategic Holdings Ltd. announced that it has entered into an exclusive franchising agreement with Kids&Us English, S.L.U for the development of English language centres for children under the brand "Kids&Us School of English" in Vietnam. Kids&Us is a leading provider of English language education for children from as young as one year old. Founded in Manresa, Barcelona, in 2003, Kids&Us has over 155,000 students across 462 schools in Spain and a further 108 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 five in the 'Babies' stage and eight 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 one-year old. Classes are conducted entirely in English, ensuring total linguistic immersion. Students can continue learning English outside of class time: oThe Kids&Us 360º 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.

oProducts created by Kids&Us include books, boardgames, etc. oApps, 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) one-off opening fees for each centre, (iii) ongoing service fees as a percentage of revenues and (iv) didactic materials based on consumption, among other fees.

The Company plans to open its first four centres in Ho Chi Minh City by September 2022.