21 June 2022

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse (amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Starcrest Education Limited

("Starcrest" or the "Company" or the "Group")

Directorate Change

Starcrest Education Limited (LSE: OBOR), the international developer and operator of education services in Europe, advises that it has received and accepted a letter of resignation from its Non- Executive Chairman, John McLean, effective 20 June 2022. In light of this, Jasbeer Singh and David Lim, Non-Executive Directors, have been appointed as the interim Co-Chairman of the Company. Starcrest will seek to recruit a replacement Chairman in due course.

Starcrest continues to advance the respective workstreams in respect of the Proposed Acquisition, as originally announced on 23 March 2022. In this regard, Starcrest is pleased to announce that it is currently in the process of engaging with and appointment of advisers for the acquisition exercise.

A further announcement will be made as and when appropriate.

Commenting today, Executive Director, Jeff Zhang said:

"The Board would like to thank John for his invaluable contribution to the Company since joining as Non-Executive Chairman in January 2019.  We wish him all the best in his future endeavours."

- Ends -

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Notes to editors:

Starcrest is an international developer and operator of education services in Europe. The Company was established to seek acquisition opportunities in the international education sector and to provide premier education services and products in the UK and to countries in Europe. 

Starcrest listed on the Main Market of the London Stock Exchange on 31 January 2019 under the ticker symbol (LSE: OBOR). Further information can be found on the Company's website at https://www.starcresteducation.com.