GECC Provides Corporate Updates

VANCOUVER, BC / ACCESS Newswire / March 4, 2026 / Global Education Communities Corp. ("GECC" or the "Company") (TSX:GEC)(OTCQB:GECSF) has completed the divestment of its remaining Canadian educational assets as of February 28, 2026. This final sale marks the Company's strategic evolution into a pure-play student housing developer and operator, centred on a project pipeline currently valued at approximately $674 million (based on construction budgets), in addition to eight operational properties across Metro Vancouver.

GECC will retain its recruitment subsidiary, Global Education Alliance ("GEA"). This strategic retention ensures a direct student recruitment channel from domestic and international markets into GECC's expanding portfolio of student housing properties across Metro Vancouver. Established by GECC over 10 years ago, GEA has aggregated a network of over 2,000 agents worldwide.

Strategic Development Milestones

The Company is reporting good progress across its primary high-density development projects:

GEC Langara (Vancouver): Following rezoning approval on January 13, 2026, GECC is moving forward with a 26-storey student-centric rental tower. Once stabilized, the project, which saw a density increase of 159% from original plans, is projected to generate $12.6 million in annual gross rental income.

GEC Oakridge (Vancouver): Construction has reached the 18th floor as of February 27, 2026. The structure is scheduled to be capped off in early March 2026, with interior work already underway. The project remains on track for completion in March 2027, with projected annual revenue exceeding $9 million once stabilized.

Education Mega Center (Surrey): A building permit application and excavation permit were filed in late 2025 for this flagship project, with final municipal approvals currently pending.

"We thank the staff at SSLC and VIC for their decade of dedicated service," said Toby Chu, Chairman, President, and CEO of GECC. "This divestiture follows our successful sale of Sprott Shaw College in August 2025. We are now exclusively focused on executing our $674 million construction roadmap while operating eight GEC properties across Metro Vancouver. By streamlining our operations, we can better address the critical shortage of student-centric rental housing in British Columbia."