News

TORONTO, Aug. 15, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ:GV), 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, 2024.   Fiscal Year 2024 Financial Highlights Revenues increased by $0.9 million, or 11.2%, to approximately $9.4 million in fiscal 2024 from approximately $8.4 million in fiscal 2023.  Gross margin was 27.1% in fiscal 2024, as compared with 44.6% in fiscal 2023. Net income of $967,249 and net loss of $3,572,108 for fiscal 2024 and fiscal 2023 respectively.    Fiscal Year 2024 Financial Results   Revenues   Revenues increased by $0.9 million, or 11.2%, to approximately $9.4 million in fiscal 2024 from approximately $8.4 million in fiscal 2023. The increase in revenue was principally due to increase of rent revenue of $0.9 million in fiscal 2024, with a stable tuition revenue in fiscal 2024. In fiscal 2024, the Company had $nil revenue generated from construction and sale of vacant lands.   Revenue from rent increased by $0.9 million, or 13.1%, from $7.1 million in fiscal 2023 to $8.0 million in fiscal 2024. The increase in rent revenue was mainly due to the revenue generated from the newly purchased office building in September 2022. In fiscal 2023, it generated rental income of $4.9 million for 6 months and in fiscal 2024, it generated rental income of 6.6 million for 12 months. In addition, one office building was sold in June 2023 which generated rental income of $0.7 million in fiscal 2023 and less than $0.2 million rental income in fiscal 2024. The rental income in general decreased in fiscal 2024 due to economic downward post to pandemic. Revenue from tuition income increased by $0.1 million, or 1.4%, from $1.3 million in fiscal 2023 to $1.4 million in fiscal 2024. The total tuition income was stable for fiscal 2024 and 2023. However, the tuition income from Toronto Eschool decreased by $0.1 million in fiscal 2024, and the tuition income from Max the Mut College of Animation (“MTM”) increased by $0.2 million in fiscal 2024, and tuition revenue from other educational subsidiaries, including Lowell Academy, Toronto Art Academy and Conbridge are all decreased slightly in fiscal 2024. The increase of tuition revenue from MTM was mainly due to increase of tuition fee per student consistent with the inflation past pandemic.   Gross profit and Gross Margin   Our gross profit decreased by $1.2 million, or 32.5%, to $2.5 million in fiscal 2024 from $3.7 million in fiscal 2023. Gross margin was 27.1% in fiscal 2024, as compared with 44.6% in fiscal 2023. The decrease of 17.5% 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 with low occupancy rates and the higher gross profit margin from our education segment due to lower staffing costs.   General and administrative expenses   General and administrative expenses decreased by $79,252, or 6.5%, from $1,227,424 in fiscal 2023 to $1,148,172 in fiscal 2024. The decrease was mainly due to an increase of $1.1 million on amortization (i) from two buildings transferred from assets held for sales to used propert and equipment as we change in our future plans in fiscal 2024 and (ii) the full-year amortization of office building purchased in September 2022, partly offset by the decrease of our office expenses, travel expenses, commission expense and insurance. Our general and administrative expenses represented 12.2% and 14.6% of our total revenue for fiscal 2024 and 2023, respectively.   Professional fees   Professional fees increased by $1,939,241, or 200.2%, from $968,435 in fiscal 2023 to $2,907,676 in fiscal 2024, representing 31.0% and 11.5% of our total revenue for fiscal 2024 and fiscal 2023, respectively. The increase was mainly due to a total of $1.9 million consulting fee settled by our common shares in fiscal 2024. Our regular legal and accounting fees were stable and slightly decreased from the prior year.   Salaries and compensations   Salaries and compensations decreased by $324,288 or 28.5%, from $1,1,36,676 in fiscal 2023 to $812,388 in fiscal 2024, representing 8.7% and 13.5% of our total revenue for fiscal 2024 and 2023, respectively. The significant decrease was mainly due to the reduction of our budget on our administrative team in both of our rental business and our educational business.   Interest expense, net   Interest expense increased by $2.8 million, from $3.0 million in fiscal 2023 to $5.8 million in fiscal 2024. The significant increase was mainly due to the increase of prime rate by Bank of Canada (from 2.7% as of April 1, 2022 to 7.20% as of March 31, 2024) which has significant impact on all our outstanding mortgages with variable interest rates and the increase of two private 2nd mortgage with principal balance of $6.7 million in the middle of fiscal 2023.   Government subsidies   We received $nil, $109,723 and $490,171 from the Canada Emergency Wage Subsidy program and Canada Emergency Rent Subsidy program in fiscal 2024, 2023 and 2022, respectively.   Impairment expenses   In fiscal 2024, we recorded impairment loss of $49,784 for the property and equipment at MTM due to out of date for its computer and software used in animation education. 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. On May 15, 2023, we entered into exchange agreement with the convertible note holders and 66,667 common shares were issued (1,000,000 before the share consolidation at 15:1) to exchange for Series B warrants. The deal was closed on May 15, 2023. For fiscal 2024, we recognized gain of $1,536,494 on Series A and B warrants on change of fair value of warrant liabilities recognized. 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

TORONTO, June 14, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company’s CEO Mr. Zhong Chen’ letter to the public. Due to the impact of the post-pandemic period and the increase in bank interest rates, the global economy has become more sluggish, presenting the Company with unprecedented challenges. Additionally, the pressure on the Company’s operations and development has multiplied. In pursuit of greater development, the Company has kept pace with the times by promptly adjusting its strategy and actively recruiting outstanding talent. It has successfully transitioned into the artificial intelligence and high-tech industries, forming a new leadership team with Mr. Zhong Chen as the CEO. Under the leadership of the new team, the Company has achieved remarkable results in a short period. Not only has it successfully regains compliance with Nasdaq minimum bid price requirement, but it has also significantly tapped into and developed internal resources. The Company is upgrading and renovating its four properties located at #95-105 105 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2 and #200-260 Town Centre, Markham, ON L3R 8H8. By taking full advantage of favorable current Canadian policies, specifically the surplus of commercial real estate and the shortage of mixed-use and high-end apartments, the company plans to submit renovation proposals to the government to convert #200-260 Town Centre, Markham, ON L3R 8H8 and #95-105 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2 into mixed-use and high-end residential apartments. This is expected to increase their value by over 700%, generating more than US$2.1 billion in revenue and US$500 million in profit over the next five years. The new leadership team is committed to innovation and change, actively responding to market changes, and always prioritizing the interests of shareholders and the Company. To better develop the property at #95-105 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2 the Company plans to file F3 to rapidly drive the growth of the new business, thereby creating greater value for shareholders and society. As the CEO of the Company, I am fully aware of the significant responsibilities I bear. In the future, we will continue to uphold the corporate spirit of “vision and foresight,” continuously enhancing our technological innovation capabilities and expanding our market presence. We will also place greater emphasis on corporate social responsibility. We believe that only by simultaneously achieving company value growth and actively giving back to society can we truly realize sustainable development. About Visionary Holdings Inc. Visionary Holdings 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca SOURCE Visionary Holdings Inc.

TORONTO, June 13, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company received a letter from the Listing Qualifications Staff (the “Staff’) of the Nasdaq Stock Market LLC (“Nasdaq”) on June 12, 2024, which stated that the Company has regained compliance with Listing Rule 5550(a)(2). On June 14, 2023, Staff notified the Company that its common shares failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. On June 12, 2024, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days from May 29, 2024 to June 11, 2024, the closing bid price of the Company’s common shares has been at or above US$1.00. Accordingly, the Company has regained compliance with the minimum bid price requirement and this matter is now closed. About Visionary Holdings Inc. Visionary Holdings 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca  SOURCE Visionary Holdings Inc.

TORONTO, June 7, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the cooperation with Canadian International Career College (CICC) will have broader development opportunities. On June 3, 2024 the Honourable Marc Miller, Minister of Immigration, Refugees and Citizenship announced two pilot programs that allow caregivers to directly obtain PR status upon arrival in Canada. The new pilot programs require caregivers to have a full-time job offer for a home care position, relevant work experience, a language proficiency of CLB (Canadian Language Benchmarks) level 4, and an education level equivalent to a Canadian high school diploma. These new pilot programs expedite the immigration process for caregivers coming to Canada to care for children, the elderly, and people with disabilities. Caregivers can also work for organizations that provide temporary or part-time care services to individuals who are semi-independent or recovering from injuries. This new pathway means that caregivers can more easily find employers. This news is extremely beneficial for the PSW (Personal Support Worker) industry. the Company’s subordinate Farvision Career Education Group Inc signed a cooperation agreement with Canadian International Career College to explore the market in Asia on May 9,2024. We believe with the implementation of the two pilot programs in Canada, we will have more support for our development in the Asian market. The company will expedite its efforts to develop the Asian market. The Canadian International Career College (CICC) provides Personal Support Worker Certificate, Medication Administration for PSW Certificate Course, Early Childcare Assistant (ECA) Diploma Course, Intensive Care Unit (ICU) Program for Nurse Certificate Course, Medical Surgical Certificate Course, CPR/AED Certificate Course, Standard First Aid with CPR Course, and Business Programs. About Visionary Holdings Inc. Visionary Holdings 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca  SOURCE Visionary Holdings Inc.

TORONTO, June 6, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced on June 5, 2024 Visionary Holding Group’s CEO, Mr. Zhong Chen, and Simon Tang, Director of ABB-FG (American Business Brokerage & Funding Grp) from the United States, signed a Tokenization Partnership Agreement. Parties wish to form a Partnership to develop the business of tokenization and securitization of Real-World Assets (“RWA”) in Canada. ABB-FG will use cutting-edge digital technology and specialized securitization laws to register various real-world assets (RWA) with the U.S. Securities and Exchange Commission under Reg. D/S/A+. These assets will be supported by the most reliable public blockchain and token platforms and will be listed for uninterrupted trading on major global digital asset exchanges (ATS). After digitizing and securitizing the properties at 95-105 Moatfield Dr, ABB-FG will facilitate their global trading on ATS, significantly enhancing the value of these properties. This will also rapidly boost Visionary’s own economic growth, advancing Visionary’s industries toward internet-based, digital, and intelligent operations. The transformation will reduce operational costs, improve user experience, and increase industry revenue, positioning Visionary as a pioneer in Canada’s digital economy. About Visionary Holdings Inc. Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China. 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca  SOURCE Visionary Holdings Inc.

TORONTO, June 5, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China. Pioneering Sustainability: Visionary Holdings Inc. (NASDAQ: GV) leads the charge in eco-conscious transportation with its status as Canada’s premier independent brand in new energy vehicles, fostering a greener future and addressing critical gaps in the market. Biotech Innovation: Leveraging partnerships with Canada BRAUN Bio Technology Group Inc., Visionary emerges as a frontrunner in biochip technology, offering cutting-edge solutions for medical diagnostics, drug development, and agricultural applications, positioning itself as a leader in Canada’s biotech sector. Strategic Transformation: Visionary’s shift from traditional education to high-tech, life sciences, and AI education reflects adaptability and foresight, ensuring relevance and growth in dynamic market landscapes, appealing to investors seeking forward-thinking companies. Comprehensive Education Ecosystem: With a diverse portfolio spanning colleges, high schools, and tele-education platforms, Visionary caters to diverse learning needs, fostering lifelong learning and holistic development, indicating stability and long-term growth potential. Financial Highlights: Fiscal year 2023 saw Visionary’s revenues surge to approximately $8.4 million, marking a significant increase from previous years, demonstrating robust growth and potential profitability, making it an enticing prospect for investors seeking high-growth opportunities. About Visionary Holdings Inc. Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China. 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca SOURCE Visionary Holdings Inc.

TORONTO, June 4, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the top reasons to have GV stocks. Strategic Transition: In response to changing education policies, GV strategically transitioned from traditional education to high technology, life sciences, and AI education, positioning itself at the forefront of innovation. Diversification of Revenue Streams: With a focus on high-tech and AI education, GV expanded its revenue streams beyond traditional education, tapping into lucrative markets in technology, life sciences, and artificial intelligence. Expansion into New Markets: Through collaborations with global partners, GV expanded its market presence beyond Canada, leveraging its expertise in education technology to tap into international markets. Innovative Education Programs: GV introduced innovative education programs, including the Algoma University Learners Early Access Program (LEAP), offering students unique pathways to postsecondary education and fostering international collaboration. Strong Leadership: Under the guidance of experienced leadership, including CEO Mr. Zhong Chen, GV has executed strategic initiatives effectively, driving growth and innovation in the high technology, life sciences, and AI education. Global Collaborations: Our strategic alliances with industry leaders such as Red Sun Group and Shenzhen Guoli Intelligent Technology Group amplify our reach and capabilities. These partnerships facilitate groundbreaking initiatives in life sciences, AI education, and STEM, driving innovation and value creation. Cutting-Edge Biochip Technology: With our partnership with Canada BRAUN Bio Technology Group Inc., Visionary is at the forefront of biochip technology. Our world-class products address critical needs in medical testing, drug development, and more, positioning us as leaders in Canada’s burgeoning biotech sector. New Energy Vehicles: Visionary Group, is having intention to collaborate with Farnova Holding Group, which will be Canada’s first independent brand of new energy vehicles. This initiative addresses a critical need in the market and promotes eco-conscious transportation solutions. About Visionary Holdings Inc. Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China. 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca SOURCE Visionary Holdings Inc.

TORONTO, June 3, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company is pioneering innovation across four key frontiers: Revolutionizing Transportation Visionary has reached an intention with Farnova Holding Group to collaborate on establishing a manufacturing plant in Toronto. From sports cars to electric buses, this collaboration fills a crucial void in the Canadian market, backed by Farnova’s cutting-edge technologies and renowned leadership. Biochip Breakthroughs Partnering with Canada BRAUN Bio Technology Group Inc., Visionary BioTech emerges as a frontrunner in Toronto’s biotech landscape. With world-class biochip products, this collaboration bridges critical gaps in Canada’s medical and agricultural sectors, supported by a US$300 million investment in a state-of-the-art factory in China. Leading Life Sciences Joining forces with Red Sun Group, Visionary establishes the Life Science Industry Group in Toronto, aiming to dominate the global market for niacinamide and NMN products. Leveraging Red Sun’s expertise and resources, Visionary pioneers a comprehensive industry chain, from raw materials to cutting-edge medical solutions. Empowering Education With the acquisition of Shenzhen Guoli Intelligent Technology Group, Visionary cements its position as Canada’s foremost provider of STEM-AI education. Harnessing Guoli’s extensive patents and global reach, Visionary enriches youth education worldwide with over 100 innovative products across 30 countries. About Visionary Holdings Inc. Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China. 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca SOURCE Visionary Holdings Inc.

TORONTO, May 31, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company aims to lead the new energy vehicle industry which will bring boundless performance in future. Currently, Canada does not have a domestically developed new energy vehicle brand. To seize this rare opportunity, Visionary is actively developing in the new energy field, striving to become the first Canadian company to develop and supply its own brand of new energy vehicles. Visionary is about to launch its independently developed new energy vehicle products, including sports cars, microcars, cold chain/logistics vehicles, trucks, electric buses, and yachts. With a wealth of cutting-edge specialized technologies in the electric and hybrid vehicle fields, the Company’s future looks promising. With increasing environmental awareness and the threat of energy crises, new energy vehicles have gradually become the focus of attention. From the initial single electric vehicle to the current various types of new energy vehicles, continuous innovation and technological breakthroughs in the automotive industry have led to many new trends in the development of the new energy vehicle sector. First Trend: Electrification Electrification is one of the main trends in new energy vehicles. Many car companies have invested significant amounts of research funding and manpower to develop electric vehicles. In addition to traditional pure electric and hybrid vehicles, there are now plug-in hybrid vehicles and fuel cell vehicles. The emergence of these models continues the development trend of electric vehicles and improves their efficiency. Second Trend: Intelligentization Intelligentization is another major trend for future new energy vehicles. With continuous advancements in artificial intelligence technology, new energy vehicles will no longer be just simple means of transportation. They will connect with smart homes, spaces, and transportation systems. This connection forms a complex system involving data interaction and transmission, thereby achieving a more intelligent way of traveling. Third Trend: Lightweighting Lightweighting is an important trend in the future development of new energy vehicles. Future new energy vehicles will use more lightweight body materials, power systems, and structural designs. These innovations will significantly reduce the overall weight of the vehicles, lower energy consumption, and improve battery range, thereby achieving better environmental benefits. Fourth Trend: Diversification and Personalization Diversification and personalization are another important development trend for future new energy vehicles. In the new energy vehicle sector, as it continues the traditional automotive model, the diversification of models and personalization of user needs have become inevitable trends. For example, SUV-type new energy vehicles are more suitable for the mass market, while high-end owners expect new energy vehicles to offer superior quality and services. Therefore, the future product line of new energy vehicles will be more diverse to meet the needs of different users. Fifth Trend: Green Mobility Green mobility is another important trend in the development of new energy vehicles. As environmental awareness gradually increases, people are paying more attention to achieving truly green travel by using new energy vehicles. Overall, the development trends of new energy vehicles not only include electrification, intelligentization, lightweighting, diversification and personalization, and green mobility but also encompass their deep integration and application with cities and smart homes, among other areas. In the future, these elements will become more closely interconnected, forming an integrated, intelligent, and green ecosystem. Therefore, the development potential and market prospects of new energy vehicles will continue to be deeply enhanced and expanded. About Visionary Holdings Inc. Visionary Holdings 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca SOURCE Visionary Holdings Inc.

TORONTO, May 30, 2024 /PRNewswire/ — Visionary Holdings Inc. (the “Company”) (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced the Company will collaborate with AI experts and academicians from China and Canada, aiming to become a global leader in AI education, popular science, and technological innovation. Visionary Guli Global AI Industrial Complex will be established at Visionary Tower, No. 95 Moatfield Dr, Toronto, Ontario, Canada, M3B 0A2. Visionary has acquired Shenzhen Guoli Intelligent Technology Group, a global leader in STEM-AI youth education solutions. Guoli Intelligent Technology Group holds nearly a hundred independent patents and offers over a hundred products, which are sold in more than 30 countries worldwide. This acquisition positions Visionary as the largest provider of artificial intelligence education services in Canada. Shenzhen Guoli Intelligent Technology Group focusing on artificial intelligence and robotics technology, with customers in more than thirty countries and regions around the world, they own two national high-tech enterprises and a provincial-level specialized and innovative enterprise. We are an industry-leading AI-powered soft robotics company, with businesses covering AI education, AI popular science, and embodied intelligent robots. Guli Intelligence was founded by several high-level overseas talents, including experts from the United States, Canada, France, and the Hong Kong region of China. We have a strong international technical team, possessing nearly a hundred domestic and international intellectual property rights in core technologies such as artificial intelligence, soft robotics, computer vision, and motion control. We have established substantial industry-university-research cooperation relationships with renowned experts and professors from several universities in Canada and China. As the pioneer and leader in the integrated concept of AI education, popular science, and technological innovation, we provide comprehensive AI education solutions. These solutions include AI robots, AIOT scenario sandboxes, experiential programming training and digital course platforms, AI large model interactive platforms, as well as various software and hardware teaching tools. Additionally, we offer a comprehensive system of courses, competitions, and teacher training. Our solutions are highly practical and effective, integrating extensive knowledge in education, artificial intelligence, and robotics, while also understanding the personalized needs of schools. We possess strong capabilities in technology research and development, teacher services, curriculum development, and competition/evaluation operations. We have established and actively participated in multiple popular science research bases, with extensive experience in design, construction, and operation. In the consumer-grade robot market, both domestically and internationally, we possess deep insights and channel resources. About Visionary Holdings Inc. Visionary Holdings 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 Holdings Inc.Investor Relations DepartmentEmail: ir@gvisionary.ca SOURCE Visionary Holdings Inc.