Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 143

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 143
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 Student Visa approvals will apply once the institution reaches 80% of its indicative visa approval allocation. These measures are impacting, and will continue to impact, Kaplan’s international student recruitment for its colleges and partner universities.

Kaplan International New Zealand operates a pathways college in Auckland in partnership with Massey University, known as Massey University College. 

Kaplan Australia sold Red Marker Pty Ltd., a machine learning and artificial intelligence-based provider of legal risk detection for digital, advertising and marketing content, in July 2024. 

Hong Kong.  In Hong Kong, Kaplan operates three main business units: Kaplan Financial, Kaplan Language Training and Kaplan Higher Education, serving approximately 5,100 students annually. 

Kaplan Hong Kong’s Financial division delivers preparatory courses to students and business executives wishing to earn professional qualifications in accountancy, financial markets designations and other professional fields.

Kaplan Hong Kong’s Language Training division offers test preparation for both overseas study and college applications, including TOEFL, IELTS, SAT and GMAT.

Kaplan Hong Kong’s Higher Education division offers both part-time and full-time programs to local students in Hong Kong and international students from Europe, providing students with the opportunity to earn diplomas, bachelor’s and postgraduate degrees in various fields from affiliated educational institutions in Australia, the U.K. and Germany.

In 2014, Kaplan Holdings Limited (Hong Kong) signed a joint venture agreement with CITIC Press Corporation. Under the terms of the agreement, the parties incorporated a joint venture company, Kaplan CITIC Education Co. Limited, 49% of which is owned by Kaplan Holdings Limited. The joint venture company carried out the publishing and distribution of Kaplan Financial training products in the People’s Republic of China. In 2024, the parties signed an agreement terminating the joint venture, and in its place have entered into licensing arrangements for specified content in China. Kaplan CITIC Education Co. is in the process of voluntary liquidation. 

Each of Kaplan’s international businesses is subject to unique and often complex regulatory environments in the countries in which they operate, and the degree of consistency in the application and interpretation of such regulations can vary significantly in certain jurisdictions.

3

Kaplan North America

KNA is comprised of two segments, Kaplan Higher Education and Kaplan Supplemental Education. Through its KHE segment, KNA provides operational support services to institutions of higher education for their online certificate and degree programs. KNA’s non-academic operational support services are provided to institutions such as Purdue University, Purdue