Author name: Roger ZHANG

TORONTO, Nov. 6, 2023 /PRNewswire/ — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, today announced that it will hold an annual shareholder meeting of the Company (the “Annual Meeting”) at the offices of the Company, located at 105 Moatfield Dr. Unit 1003, Toronto, Ontario, Canada M3B 0A2, at 10:00 a.m., local time, for the purposes of considering and, if thought fit, passing each of the proposed resolutions (“Proposed Resolutions”)as defined and set forth in the notice of the Annual Meeting. The board of directors of the Company fully supports the Proposed Resolutions.   The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended March 31, 2022, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report on Form 20-F can be accessed on the Company’s website at https://ir.gvisionary.ca and on the SEC’s website at http://www.sec.gov.    About Visionary Education Technology Holdings Group Inc.   Visionary Education Technology Holdings Group Inc., headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company’s website at https://ir.gvisionary.ca/.   Forward-Looking Statements   All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “would,” “continue,” “should,” “may,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.   For more information, please contact:   Visionary Education Technology Holdings Group Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca      SOURCE Visionary Education Technology Holdings Group Inc.

TORONTO, Oct. 19, 2023 /PRNewswire/ — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, announced a new Sharing Education Program in its four academic buildings. “Visionary Group’s Education Center is a company-owned property in North York that offers 160,000 square feet for international education. The office building is now open to international high school, college, professional training, on-campus, and off-campus programs run by international educational institutions.” Said Charlie Penn, the Chief Operation Officer, “Visionary Education Technology Holdings Group Inc. includes three colleges, four Ontario high schools, one Youth Art Center, one tele-education platform, one Life Science Academy with an extensive partnership to educational institutions all over the world. Visionary Group can host artistic training, after-class learning for primary school and high school, OSSD, professional training, college certificate course, and college score exchange courses, and classes for bachelor’s and master’s degree.”   Charlie Penn, the COO, is an experienced officer, entrepreneur, and investor in education for decades.  His expertise insight includes of 10 years management in Princeton College, British Columbia, Canada, leading of score-exchange with Lincoln University and Central University, setting-up of BBA and MBA courses, over 10 years management in educational printing house, and over 10 years of investment strategy in running an educational industry park with a totally investment of $1.6 billion Hong Kong dollars from a company publicly traded on Hong Kong Stock Exchange.   “Our latest policy includes reimbursement to our tenants’ expenses during specific hours with Visionary Group Education Center, a sharing program of the public space, a waiver policy of the first three months’ lease combining with a reimbursement up to 50% off for the following three months.” Charlie Penn says, “this is a great starter’s package for our tenants.”   “Visionary Group also offers a waiver program to joint-schooling with international educational institutions, self-employed educators, small size training companies, after-school learning classes, immigrant training courses, certified professional training classes.” said Pauline Zhou, Chief Executive Officer and Chairman of the Board of the Company, “Visionary Group is very supportive to education and educators home and internationally.”   About Visionary Education Technology Holdings Group Inc.   Visionary Education Technology Holdings Group Inc., headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company’s website at https://ir.gvisionary.ca/.   Forward-Looking Statements   All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “would,” “continue,” “should,” “may,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.   For more information, please contact:   Visionary Education Technology Holdings Group Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca   SOURCE Visionary Education Technology Holdings Group Inc.

TORONTO, Oct. 13, 2023 /PRNewswire/ — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, started to accept senior international students on October 10, 2023. “We are entering a memorandum with an Asian senior college for international education,” said Charlie Penn, the current Chief Operation Officer, “GV is looking into accepting a thousand-level students from this institution who owns total 5,000 senior apartments to accommodate up to 10,000 students locally. These adult students are active to participate a variety of education programs of learning and touring at the same time.” Charlie Penn continued, “the trending of senior education in Asian countries is building up a billion dollars market, among them, GV’s Toronto Academy is obviously the primary choice of stay in Canada.”   Visionary Education Technology Holdings Group Inc. currently has three colleges, four Ontario high schools, one Youth Art Center, one tele-education platform, and one Life Science Academy in Canada. GV’s Education Academy consists of 160,000 square feet in North York of Toronto, powerful IDC previously leased to IBM’s headquarter of Canada, and an educational platform for e-Schooling.   “Senior and adult education programs are available to international students, GV is offering a wide range of flexible programs. Continue Education for adults and retirees are more focused on interest and hobby with a strong socialization for both mental health and intellectual stimulation in order to reduce potential risk like Alzheimer’s or dementia.” Fan Zhou, Chief Executive Officer and Chairman of the Board of the Company said, “GV helps students to stay ‘being forever young’ through continue education by regularly engaged in intellectually stimulated activities like obtaining information and interact with modern smart devices.”   GV’s international courses focus on AI technology to get adult users adaptive to modern devices and apps. The benefits of staying in a Canadian college is considered not only a part of the continue education, but also an extension of socialization when embarking the alien culture at the same time.   According to a report by the National Academies of Science, continue education programs is important to fortify senior’s socialization. “GV’s senior students will be able to have a great opportunity of peer-to-peer experiences of sharing, expanding and networking, which is both supportive and inclusive to their stay with us.” Said Fan Zhou.   About Visionary Education Technology Holdings Group Inc.   Visionary Education Technology Holdings Group Inc., headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company’s website at https://ir.gvisionary.ca/.   Forward-Looking Statements   All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “would,” “continue,” “should,” “may,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.   For more information, please contact:Visionary Education Technology Holdings Group Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca    SOURCE Visionary Education Technology Holdings Group Inc.

TORONTO, Sept. 21, 2023 /PRNewswire/ — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced the Company has decided to diversify its business into three sectors: Education, Life Sciences, and Artificial Intelligence. In addition, the Board has appointed Mr. Charlie Penn as our Chief Operating Officer, effective September 14, 2023.   The global recovery from the pandemic has spurred some economic growth, especially in the education sector. This growth demands higher efficacy and efficiency in education and training, particularly with the use of the latest Artificial Intelligence (“AI”)  technology for better life quality and living style. Therefore, the company is expanding its business to reflect its focus on the new generation of Education, AI and Life Science, including the expansion into life sciences for a future synergy from those exciting breakthroughs in technology. The wide-ranging integration of AI into nearly every market sector has sparked a significant demand for the corresponding educational components required to fully leverage this advanced technology. The Company, already a leader in the education sector, will now participate in the massive task of educating the global community to work in parallel with the latest AI developments. This initiative, demanding heightened efficacy and efficiency in education and training, is set to elevate the quality of life and lifestyle for populations around the world.   The Board has appointed Mr. Charlie Penn to serve as the Company’s Chief Operating Officer due to his extensive investment and education management experience. In 1999, he invested in Canada Princeton College and served as an executive director. He led the management upgrade of the college from being registered by the BC PCTIA to being recognized as a college accreditation, offering Pre-University English, Business Diploma, and University credit transfer courses. A large number of international students enrolled in multiple Canadian and US universities after completing the college’s English and Pre-University courses. Mr. Penn presided over the signing of distance education cooperation agreements with Lincoln University, Central University, and City University in the United States, offering MBA/BBA distance education classrooms, and organizing course exams and graduation ceremonies for American universities at the college in British Columbia. Mr. Charlie Penn also engaged in industrial real estate investment in 2007 and served as the Executive Director of Birmingham Holdings (Hong Kong Main Board Listed Companies stock code 02309) and the Executive Director of English Premier League Football Club in 2013, responsible for the management of the listed company’s business and sports real estate operations. Mr. Penn earned two diplomas in Administration and Computer Applications, and also completed a Master’s level program in Political Economy from Peking University through on-the-job education.   Ms. Fan Zhou, Chief Executive Officer and Chairman of the Board of the Company, commented: “We are excited to welcome Mr. Charlie Penn to the Company, Mr. Penn’s rich experience in education and investment management will bring deep and valuable vision to guide the Company to the next level of success. I look forward to working closely with him.”   About Visionary Education Technology Holdings Group Inc.   Visionary Education Technology Holdings Group Inc., headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company’s website at https://ir.gvisionary.ca/.   Forward-Looking Statements   All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “would,” “continue,” “should,” “may,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.   For more information, please contact:   Visionary Education Technology Holdings Group Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca   SOURCE Visionary Education Technology Holdings Group Inc.

TORONTO, Aug. 15, 2023 /PRNewswire/ — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ:VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced its financial results for the fiscal year ended March 31, 2023. Fiscal Year 2023 Financial Highlights Revenues was approximately $8.4 million in fiscal year 2023, compared to $5.2 million in fiscal year 2022. Gross profit margin was 44.6% in fiscal year 2023, compared to 49.8% in fiscal year 2022. Income from operations was $430,785 in fiscal year 2023, compared to $1.0 million in fiscal year 2022. Net loss was $3,572,108 in fiscal year 2023, compared to net loss of $56,474 in fiscal year 2022. Fiscal Year 2023 Financial Results Revenues Revenues increased by $3.2 million, or 60.7%, to approximately $8.4 million in fiscal 2023 from approximately $5.2 million in fiscal 2022. The increase in revenue was principally due to increase of rent revenue of $4.8 million in fiscal 2023, offset by no sales of land in fiscal 2023. In fiscal 2022, the Company had $2.3 million from the sales of vacant land. Revenue from rent increased by $4.8 million, or 208.5%, from $2.3 million in fiscal 2022 to $7.1 million in fiscal 2023. The increase in rent revenue was mainly due to the revenue generated from the newly incorporated subsidiary with has office building for rent revenue. In fiscal 2023, it generated rent income of $4.9 million. Revenue from tuition income increased by $0.7 million, or 100.5%, from $0.7 million in fiscal 2022 to $1.3 million in fiscal 2023. The increase in revenue was mainly from newly acquired Max the Mutt College of Animation, a Private Career College offers diplomas in Classical & Computer Animation & Production, Illustration & Storytelling for Sequential Arts, and Concept Art for Animation & Video Games. Revenue from Lowell Academy, a private high school offers high school education, decreased by $39,000, and the revenue from our online learning platform, Toronto ESchool, decreased slightly. Gross profit and Gross Margin Our gross profit increased by $1.2 million, or 44.1%, to $3.7 million in fiscal 2023 from $2.6 million in fiscal 2022. Gross profit margin was 44.6% in fiscal 2023, as compared with 49.8% in fiscal 2022. The decrease of 6.5% in the gross profit margin was primarily attributable to the lower gross profit margin for our rental business segment because of the increased costs in connection with the newly purchased office buildings and the lower gross profit margin from our education segment due to higher staffing costs. General and administrative expenses General and administrative expenses increased by $790,146, or 180.7%, from $437,278 in fiscal 2022 to $1,227,424 in fiscal 2023. The increase was mainly due to increased amortization, repair and maintenance and utility expenses from our newly acquired office buildings. Our general and administrative expenses represented 14.6% and 8.3% of our total revenue for fiscal 2023 and fiscal 2022, respectively. Professional fees professional fees increased by $617,799, or 176.2%, from $350,636 in fiscal 2022 to $968,435 in fiscal 2023, representing 11.5% and 6.7% of our total revenue for fiscal 2023 and fiscal 2022, respectively. The increase was mainly due to the increased legal fees and accounting fees. Salaries and compensations Salaries and compensations increased by $344,130 or 43.4%, from $792,546 in fiscal 2022 to $1,1,36,676 in fiscal 2023, representing 13.5% and 15.1% of our total revenue for fiscal 2023 and 2022, respectively. The significant increase was mainly due to the expansion of our educational business and the increased compensation that we paid during fiscal 2023 to attract and retain experienced senior management and professional employee team. Interest expense, net Interest expense increased by $2,048,610, from $906,398 in fiscal 2022 to $2,955,008 in fiscal 2023. The significant increase in interest expense was mainly due to newly acquired Moatfield property which has a bank loan with principal of $44.3 million, and also two new 2nd mortgages with principal balance of 6.7 million and increased mortgage interest rate in fiscal 2023. Government subsidies We received $109,723 and $490,171 from the Canada Emergency Wage Subsidy program and Canada Emergency Rent Subsidy program in fiscal 2023 and 2022, respectively. Impairment expenses In fiscal 2022, we recorded impairment loss of $379,165 for the intangible assets and goodwill in connection with the private high schools and Conbridge College, a private college because we are in the process of improving the efficiency of the operations, streamlining the business lines to focus on its core education sector, and optimizing the structure of the vocational educational business. There was no such impairment loss record based on our assessment in fiscal 2023. Warrants expense We recorded $893,878 debt component and $443,208 embedded derivatives at the inception date on September 19, 2022 and recognized day 1 loss of $1,565,570 due to fair value assessment. From the inception date to March 31, 2023, we further recorded loss on change in fair value of warrants liabilities of $251,237 for share warrants. There was no warrant liabilities or corresponding changes in valuation in fiscal 2022. Loss on convertible debenture valuation In fiscal 2023, we recorded loss of $157,010 on change in fair value of a convertible note with a debt component and the embedded derivative components issued on September 19, 2022. There was no convertible note or corresponding changes in valuation in fiscal 2022. Other income We had other income of $23,605 and $20,709 in fiscal 2023 and 2022, respectively, mainly from referral commissions. Loss before income taxes We had loss before income taxes of approximately $4.4 million in fiscal 2023, as compared to income before income taxes of approximately $0.3 million in fiscal 2022. The increase of net loss before income taxes was primarily attributable to the decreased revenues and gross profit, increased operating expenses, as well as increased other expenses as discussed above. Recovery for current and deferred income taxes We had an income tax recovery of $64,768 in fiscal 2023, as compared to provision for income taxes was $312,767 in fiscal 2022. Income tax recovery was noted mainly due to we had loss before tax, and loss was carried back to prior years. We also had a deferred income tax recovery of $797,096 in fiscal 2023, due to non-capital loss generated at two subsidiaries which to be carried forward to future years to offset their future net income before income tax. Net income (loss) We had net loss of $3,572,108 and $56,474 for fiscal 2023 and fiscal 2022 respectively. The increase of net loss was primarily attributable to the increased operating expenses, interest expenses, as well as increased other expenses as discussed above. Balance Sheet The Company had cash balance of $651,490 as of March 31, 2023 ($741,868 as of March

TORONTO, June 16, 2023 /PRNewswire/ — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ:VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced changes to the Company’s Board of Directors (the “Board”). Effective June 6, 2023, the Board appointed our founder, majority shareholder, Executive Director, and Chief Executive Officer Ms. Fan Zhou as Chairman of the Board, and appointed Mr. Michael Viotto as a member of the Board. Mr. Viotto was confirmed as an independent director by the Board on June 13, 2023. Ms. Zhou has over 20 years of experience in international vocational education in Canada and China. In 2000, she became the director of China marketing at US Xintra International Computer Institute (“Xintra”) in Toronto, Canada. Between 2001 to 2004, she became the director of the China Branch of Xintra in Guangzhou, China, and later the chair of Guangzhou Xintra Computer Ltd. and the Principal of Guangzhou Xintra Computer Training School. From 2005 to 2019, she was the director for the International Financial Management Association, South China Chapter and the chair and chief executive officer of China Youth Lang Dun Education Culture and Technology in Toronto, Canada, From 2015 to 2019, she served as the marketing director for the Toronto E-School, now a subsidiary of our Company, to promote and market the program in China, and served as the director of the International Commercial Art Designer Association (“ICAD”) in Toronto, Canada, where she managed the program for ICAD certification. She is the executive chairman of the Canada-China Economic and Trade Development Policy Committee, the Chairman of the Board of Directors for the North American Chinese Culture and Education Exchange Promotion Association, and, since March 2020, the Chairman of the Board of Directors for the Canadian Youth Education Mutual Aid Association. Ms. Zhou is pursuing her doctorate (PhD Candidate) degree from Jinan University in China. We believe Ms. Zhou will make contributions to us in the areas of corporate strategies, financing, and potential mergers and acquisitions. Mr. Viotto was chosen to serve as a member of the Board due to his extensive experience in the finance industry, including business development, risk assessment and management. Mr. Viotto received his Bachelor of Science Degree in Business Administration from California Polytechnic University in Pomona, California in 1985. Mr. Viotto has worked in finance industry for more than 30 years, and has served as a member of the board for multiple public companies for nearly 15 years. The Company previously received the resignation of MR. Marc Kealey from the Board and as Chairman of the Board, effective as of June 1, 2023. Ms. Fan Zhou, Chief Executive Officer and the Chairman of the Board of Directors of the Company, commented, “I would like to express our great gratitude on behalf of the Board to Mr. Marc Kealey for his dedicated services to the Company, and we wish him the best in his future endeavors. I look forward to bringing my many years of industry experience to this broader role as we further expand our business vertically to capture more growth opportunities in the industry. We also welcome Mr. Michael Viotto as the new member of the board.” About Visionary Education Technology Holdings Group Inc. Visionary Education Technology Holdings Group Inc., headquartered in Toronto, Canada, is a private education provider located in Canada, with subsidiaries in Canada and market partners in China, that offers high-quality education resources to students around the globe. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company’s website at https://ir.gvisionary.ca/. Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “would,” “continue,” “should,” “may,” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC. For more information, please contact: Visionary Education Technology Holdings Group Inc. Investor Relations Department Email: ir@gvisionary.ca SOURCE Visionary Education Technology Holdings

An educational delegation of Senior Superintendents from across South Korea paid a visit to the headquarters of our company on May 30th, 2023. This provides the group a broader understanding of the integration of secondary and post secondary education in the private sector of Canada. The EVP and COO Mr. John Kuhn gave a brief speech in the meeting.