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Dear Shareholders,
On behalf of the Overseas Education Limited (OEL) Board of Directors, I present this annual report for the nancial year
ended 31 December 2013 (“FY2013”).
OEL was listed on the Mainboard of the Singapore Exchange in February, and construction of our new school campus
began in September, an eventful year in the history of the institution. We are grateful that the Group continues to attract
interest from institutional investors, funds and individual shareholders, all with an interest in Education. 166 (32%) of our
school staff became shareholders of OEL, which further strengthened the family school concept. They received a one-
time subsidy of 9.6 cents per reserved share on listing day, a total of $1.1 million, recorded in FY2013 as a non-recurring
expense. We greatly value the dedicated work of every member of our faculty and staff, and commend their commitment
to the development of OFS students.
Investors who have heard our story and about our history, now better understand the OFS approach to Education.
Their encouragement indirectly supports the learning and lives of OFS students from more than 70 nations, a signi cant
contribution to a better world future.
EDUCATIONAL PHILOSOPHY
Master Policy
We are committed to “maintain a happy, safe and effective school for overseas families living in Singapore”, inspiring every
student to raise their potential achievement level, by encouraging positive attitudes to learning and living. In this report I
wish to outline some of the key policies designed to achieve these goals, and why we expect to continue improving future
educational results.
Open Entry
OFS enrols students of all abilities, except those we are not equipped or quali ed to teach.
Open Exam Entry
OFS encourages all High School students to attempt IGCSE and IBO examinations. The objective is to lift every student’s
achievement level, not promote the school by restricting examination entry.
Self-Discipline
A multi-national and multi-cultural student pro le, with no nation or culture dominating the student community, encourages
development of a natural respect between students. Therefore at OFS we can operate with the minimum of rules and
punishments, which makes for a happy school and greater learning. Throughout the school students learn about the
bene ts of self-discipline for learning and life.
Zero Tolerance for Violence
To maintain a happy school, it is essential that no student or staff member feels threatened by violent or aggressive behaviour
from another member of the school community. OFS contracts make it clear that any act of violence will lead to immediate
termination. Students, Teachers, Principals, and Staff all work together to meet this standard.
Chairman & CEO’s Message to Shareholders
Overseas Education Limited
Overseas Education Limited AR 2013
INVESTING IN EDUCATION
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