CIBT Education Group Inc. Reports Director Election Results

Rhea-AI Summary

CIBT Education Group Inc. (MBAIF) announced the results of its recent annual general meeting, where all nominated directors were successfully elected. Key voting results include:

• Morris Chen: 99.73% in favor
• Toby Chu: 91.57% in favor
• Tony David: 99.41% in favor
• Derek Feng: 99.41% in favor
• May Hsu: 99.41% in favor
• Troy Rice: 99.41% in favor
• Shane Weir: 99.43% in favor

Additionally, CIBT continues to focus on education and student housing, offering over 150 programs and serving over 10,000 students annually.

Positive

• All director nominees were elected with high approval rates; Morris Chen received 99.73%.
• CIBT maintains a strong position in the education sector, focusing on both domestic and global markets.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / January 28, 2022 / CIBT Education Group Inc. (TSX.V:MBA)(OTCQX:MBAIF) ("CIBT") reports the director election voting results from its annual general meeting held today. All of the director nominees, as listed in the management information circular dated December 9, 2021, were elected. Proxy voting as to each of the director nominees was as follows:

	Votes in Favour	Votes Withheld
Morris Chen	99.73%	0.27%
Toby Chu	91.57%	8.43%
Tony David	99.41%	0.59%
Derek Feng	99.41%	0.59%
May Hsu	99.41%	0.59%
Troy Rice	99.41%	0.59%
Shane Weir	99.43%	0.57%

Please see the report of voting results filed today under CIBT's profile on SEDAR for the results of the other matters voted on by shareholders at the meeting.

About CIBT Education Group:

CIBT Education Group Inc. is one of Canada's largest education and student housing investment companies focused on the domestic and the global education market since 1994. CIBT owns business and language colleges, student-centric rental apartments, recruitment centres and corporate offices at 45 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College (established in 1903), Sprott Shaw Language College, Vancouver International College Career Campus and CIBT School of Business. CIBT offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, and language training through these schools. In 2021, CIBT provided educational and housing services to over 10,000 students through its various subsidiaries.

CIBT owns Global Education City Holdings Inc. ("Global Holdings"), an investment holding and development company focused on education-related real-estate such as student-centric rental apartments, hotel and education super-centres. Under the GEC® brand, Global Holdings provides accommodation service to 90 schools in Metro Vancouver, serving 1,500 students from 71 countries. The total portfolio and development budget under the GEC® brand exceed $1.5 billion.

CIBT also owns Global Education Alliance Inc. ("GEA") and Irix Design Group Inc. ("Irix Design"). GEA recruits international students for many elite kindergartens, primary and secondary schools, colleges and universities in North America. Irix Design is a leading design and advertising company based in Vancouver, Canada. Visit us online and watch our corporate video at www.cibt.net.

For more information, contact:
Toby Chu
Chairman, President & CEO
CIBT Education Group, Inc.

Investor Relations Contact: 1-604-871-9909 extension 319 or | Email: info@cibt.net

SOURCE: CIBT Education Group Inc.

View source version on accesswire.com:
https://www.accesswire.com/685966/CIBT-Education-Group-Inc-Reports-Director-Election-Results

FAQ

What were the results of CIBT Education Group's director election on January 28, 2022?

All nominees were elected, with Morris Chen receiving 99.73% of votes in favor.

How many programs does CIBT Education Group offer?

CIBT offers over 150 educational programs across various fields.

What is the significance of the director election for CIBT's future?

The election of all nominees suggests strong shareholder support and stability in leadership.

What is the stock symbol for CIBT Education Group?

CIBT Education Group is traded under the stock symbol MBAIF.