• CIT University signs 5-year SaaS agreement to use OpenLearning's LMS
• Minimum contracted SaaS fees of A$340,000 over 5 years
• Strengthens OpenLearning's position as leading AI-powered LMS in Southeast Asia

OpenLearning Limited (ASX: OLL) has announced that Cebu Institute of Technology University (CIT), one of the top private universities in the Philippines, has entered into a five-year usage-based software-as-a-service (SaaS) agreement to utilise OpenLearning's learning management system (LMS) across all faculties and programs. The agreement has a minimum contracted SaaS fee of circa A$340,000 (US$221,000) over the 5-year period, with the potential for additional revenue based on usage. CIT University selected OpenLearning after evaluating multiple LMS providers, and the agreement strengthens OpenLearning's position as a leading AI-powered LMS in Southeast Asia. OpenLearning's outcome-based education tools, ePortfolio system, and generative AI course design capabilities are designed to meet the evolving needs of universities aiming to improve student engagement, graduate employability, and institutional efficiency. The agreement was executed in the Philippines on 12th August 2025 and has a commencement date of the same day. The SaaS fees payable are determined by the number of unique students from CIT University who utilise the LMS each year, with a fixed minimum of 20,000 students each year. The agreement allows for termination in the event that the Company's LMS is unable to comply with Philippine regulations.