Asia Strategic Holdings Limited has announced the grant of options over 55,000 ordinary shares to a director of the Group. The options, representing 1.85% of the Company's current issued share capital, were granted to the Chief Financial Officer, Jonathan Geoffrey Kolb. These options are exercisable at a price of US$11 and are subject to time vesting conditions over a four-year period. Including this grant, the total options granted to date amount to 413,500, equating to 13.7% of the Company's current issued share capital.

In addition, the Company has decided to satisfy cash payments of annual bonuses payable to certain employees through the issuance of new ordinary shares in the Company. The Board has proposed annual bonuses for a cumulative value of US$280,000 to be satisfied through the issue of 56,000 new ordinary shares in the Company at a price of US$5 per share. These include the issue of certain of the 2023 Bonus Shares to the Chief Executive Officer and the Chief Operating Officer.

An application is expected to be made for the 2023 Bonus Shares to be listed on the standard segment of the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's main market for listed securities. Following Admission, the Company will have a total of 3,021,920 ordinary shares in issue.

Asia Strategic Holdings Ltd. is an independent developer and operator of consumer businesses in Emerging Asia, specifically Vietnam and Myanmar, focusing on Education and Services. The company's portfolio includes brands in English language learning, coding, K-12 international school, and tertiary education, serving approximately 8,700 students at September 2023. The company operates Wall Street English schools in Myanmar and Vietnam, serving approximately 3,700 students in each country.

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