News

Visionary Group is Canada’s first independent brand of new energy vehicles in the field of new energy vehicles. It is driven by innovation, has a global vision, professional cooperation and attaches great importance to sustainable development, providing multiple short, medium and long-term investment advantages. Visionary Group Of U.S. Nasdaq listed company is Canada’s first independent brand of new energy vehicles in the field of new energy vehicles. It is driven by innovation, has a global vision, professional cooperation and attaches great importance to sustainable development, providing multiple short, medium and long-term investment advantages. CEDB Frank Chen 2024 05 12 Visionary Group (Visionary) is embracing an inclusive new business operation method, using the “global trend path of professional mergers and acquisitions to integrate high innovative value” as the best global business model, joining hands with global elites, and leading the operation with high innovation and excellence. Development and growth.   In the field of new energy vehicles, Yuanyan reached an agreement with Fano Holding Group and the two parties cooperated to build a factory in Toronto, becoming Canada’s first independent brand of new energy vehicles and filling a gap in Canada. Products include sports cars, mini cars, cold chain/logistics vehicles, electric buses and yachts and other series of new energy vehicles. Fano has a large number of world-leading special technologies in the field of electric and hybrid vehicles. At the same time, the company is headed by Giorgio Stirano, a well-known Italian racing engineer. President and Technical Director, with bright future prospects.   Visionary and Fano Holding Group established a new energy vehicle factory in Toronto, Canada, marking the in-depth cooperation between the two parties and demonstrating their emphasis on the new energy vehicle market. It has created core market value and market investment value advantages:   1. Innovation-driven: Through cooperation with Fano Holding Group, which possesses cutting-edge technology, it shows that Visionary Group focuses on the application and development of innovative technologies, which is the key to promoting the company’s growth in the field of new energy vehicles.   2. Global Vision: Visionary Group’s actions indicate that it pursues global markets, collaborates with multinational talents and builds business on the international stage, which shows its vision to embrace global trends.   3. Professional cooperation: Visionary chooses to cooperate with partners with professional skills and technology, such as the joining of Italian racing engineer Giorgio Stirano, which highlights the importance of the company’s emphasis on professional knowledge and technical expertise in operations.   4. Leadership and performance: Visionary Group emphasizes excellent leadership and operational effectiveness, which demonstrates its commitment to driving the company’s growth and success through a strong management team.   5. Sustainable development: Focusing on the development of the new energy vehicle industry shows that Visionary Group pays attention to sustainability and environmental protection, which is a core part of its long-term development strategy. strategy. Advantages of market investment value   1. Innovative first-mover advantage: As Canada’s first independent brand new energy vehicle manufacturer, this company may enjoy a first-mover advantage in the market. This means it can build brand recognition before competitors, establish a customer base, and influence market standards.   2. Strong support from Canadian government policies: New energy vehicles have received support from governments of many countries, including subsidies, tax breaks and other measures. The Canadian government may provide various incentives to promote the development of the local new energy vehicle industry, which may be a major advantage for the cooperation project between Vision and Fano.   3. ESG environmental protection trends: As the world pays increasing attention to carbon reduction and climate change issues, the demand for new energy vehicles is expected to grow rapidly. The establishment of this cooperative factory is expected to capture the long-term investment value brought by this market trend.   4. High technology and innovation: The new energy automobile industry is in a stage of rapid development, and technological innovation is an important driving force for the industry. If the cooperation between Yuanyuan and Fano can achieve breakthroughs in battery technology, electric drive systems and other fields, it may enhance its competitiveness.   5. Potential for international cooperation: With the establishment of Canadian local brands, there may be more international cooperation opportunities in the future, such as export business expansion and cross-border technical cooperation.   6. Financing and investment attractiveness: A high-tech project with potential, especially in the clean energy sector, can usually attract investors and government funding. The partnership is likely to benefit from a positive reaction from capital markets.   These values are reflected in the company’s business operations and strategies, proving the promise of the Vision Group name – a forward-looking and visionary enterprise. Vision Group’s new energy vehicle products cover a wide range of products and are an important reflection of its global market advantages. Global market advantages:    1. Diversified product lines: Having a diversified product portfolio from sports cars to electric buses can meet the needs and preferences of different market segments, helping the Vision Group to reduce any single market risk.   2. Innovation Pioneer: As an innovator in the field of new energy vehicles, Visionary Group can establish a leading position in emerging markets and become a reliable green transportation solution provider in developed markets.   3. Wide coverage: From luxury sports cars to daily commuter vehicles, to professional cold chain/logistics transportation and public transportation systems, this product range enables Visionary to reach a wide range of customer groups.   4. Comply with sustainable development goals: As the world pays more and more attention to sustainable development, Visionary Group’s new energy vehicles are in line with this trend and are an attraction for consumers and businesses pursuing green energy and reducing carbon footprints. s Choice.   5. Respond to regulatory changes: As countries around the world gradually strengthen legal restrictions on traditional fuel vehicles, providing a full range of new energy models can help the Vision Group better adapt to these changes and thereby gain competitive advantages in different markets.   6. Accumulation of technology and experience: In the field of new energy, the accumulation of manufacturing technology

On May 8th, the Canadian Visionary Group successfully held a global live streaming press conference titled “Visionary transitions from education to innovative technology, life science and AI education” at the Visionary Tower in Toronto. Reported by Su Qing, journalist from China Cultural Figures Mr. William Chai,Chairman of the Board of Visionary Group, stated in his address that this strategic transformation of Visionary Group not only facilitates the group’s entry into high-growth sectors but also enables it to make substantial contributions to social development. Deputy Chairman Marc Kealey the significance of talent and technology in corporate development in his address. He affirmed that Visionary’s transformation would inject new vitality into Canada’s economy and technological advancement, thereby further promoting friendly economic cooperation between China and Canada. CEO Chen Zhong, in his remarks, expressed his hope to attract more talented individuals to join Visionary. He pledged to lead the new management team in dedicating their full efforts to drive the growth of the new industries, accomplishing the group’s business objectives, and thereby generating greater value for both shareholders and society. Ms. Lan, the Founder President of Canada Yunnan Chamber of Commerce, delivered a speech. The spokesperson for Visionary Group introduced the transformation projects. Chinese Cultural Figures (Su Qing, Journalistg) On the morning of May 8, 2024, at 9:00 AM, at the conference center on the 1st floor of the Visionary Tower in Toronto, Visionary successfully hosted a global live news conference entitled “Visionary’s Successful Transition from Traditional Education to High-Tech, Life Sciences, and Artificial Intelligence Education.” Nearly 200 distinguished guests attended, including representatives from the political, business, and academic sectors, as well as prominent figures from society.   Representatives from the Canadian federal government, including Senator Zixiu Hu, Mr. Zhenyu Jiang, Deputy Minister of the Canadian Department of Culture, and Member of Parliament, and Mr. Vincent Ke, a provincial legislator from Ontario, sent congratulatory letters, highly praising Visionary for achieving such significant accomplishments in a short period. They commended Visionary for its positive contributions to advancing science, technology, and education in Canada.   Mr. William Chai, Chairman of the Board of Directors of Visionary, Mr. Marc Kealey, Vice Chairman, and the CEO Mr. Zhong Chen, delivered important speeches during the event. They expressed great pride and confidence in Visionary’s successful transformation and the future development prospects of Visionary’s three major business sectors. They believe that Visionary will continue to provide more opportunities and contributions to the advancement of technology and innovation economy in Canada.   Mr. William Chai, Chairman of the Board of Directors of Visionary, said in his speech,Two years ago, Visionary Group took a bold step into the public market with our IPO. Today, we stand here filled with gratitude for the support we have received from our partners, investors, employees, and the broader community. We owe our success to your unwavering trust and belief in our mission.As we mark this occasion, we also celebrate the transformative journey Visionary Group has embarked upon. Over the past weeks, we have strategically diversified our operations, moving from a traditional education business to a focus on healthcare, clean energy, innovation, and AI-driven initiatives. This evolution has not only allowed us to tap into high-growth sectors but has also positioned us to contribute meaningfully to the betterment of society.This transformation would not have been possible without our remarkable team and the strong relationships we have cultivated with all of you. Your counsel, collaboration, and camaraderie have been invaluable, and we look forward to many more years of shared success.   Faced with significant changes in Canadian education policies, which notably restricted international student visas and reshaped the education system, Visionary initiated a strategic transformation in September 2023. Transitioning from traditional education to high technology, life sciences, and AI education, after over six months of efforts, we have successfully executed this strategic transformation objectives.   These objectives are outlined below:   1, Visionary has reached an intention with Farnova Holding Group to collaborate on establishing a manufacturing plant in Toronto, becoming Canada’s first independent brand of new energy vehicles, thus filling a gap in the Canadian market. The product line includes sports cars, micro-cars, cold chain/logistics vehicles, electric buses, yachts, and other series of new energy vehicles. Farnova Holding Group possesses a wealth of cutting-edge proprietary technologies in the fields of electric and hybrid vehicles. Additionally, the Farnova Holding Group’s President and Technical Director is the renowned Italian racing engineer Giorgio Stirano, ensuring promising prospects for the Farnova’s future.   2, Visionary has partnered with Canada BRAUN Bio Technology Group Inc. to establish Visionary Biotech Group Inc in Toronto. Visionary possesses world-class biochip technology products, filling a gap in Canada’s market. BRAUN founded in March 2011 at the University of British Columbia in Vancouver, Canada, by Canadian academicians including Victor C.M. Leung from the Royal Society of Canada and the Canadian Academy of Engineering, along with American academicians. With an accumulated investment of nearly US$150 million over more than a decade, BRAUN has focused on developing biochips, collaborating with renowned medical institutions in the United States and Canada to develop multiple products used in medical bed testing, drug development, animal quarantine, and cold chain transportation. These products include medical chips, animal chips, cold chain chips, and agricultural chips, among others. Currently, the products have completed clinical testing, process validation, and small-scale production. Visionary has partnered with Zhejiang Ruikun Technology Group in China to invest US$300 million in building a factory in Nantong, China, filling a gap in China’s market. The factory is scheduled to commence production in March 2025, with a projected output value of over US$3 billion in the next five years, creating significant economic and social value for Visionary.   3. Visionary has partnered with China’s top 500 enterprise, Red Sun Group, to jointly invest in establishing the Life Science Industry Group in Toronto. The Life Science Industry Group aims to become the world’s largest industrial platform for niacinamide (whitening) and anti-aging NMN (nicotinamide mononucleotide). Leveraging Red Sun Group’s global-leading raw material bases

TORONTO, May 8, 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 that, on the morning of May 8, 2024, at 9:00 AM, at the conference center on the 1st floor of the Visionary Tower in Toronto, Visionary successfully hosted a global live news conference entitled “Visionary’s Successful Transition from Traditional Education to High-Tech, Life Sciences, and Artificial Intelligence Education.” Nearly 200 distinguished guests attended, including representatives from the political, business, and academic sectors, as well as prominent figures from society.   Representatives from the Canadian federal government, including Senator Zixiu Hu, Mr. Zhenyu Jiang, Deputy Minister of the Canadian Department of Culture, and Member of Parliament, and Mr. Vincent Ke, a provincial legislator from Ontario, sent congratulatory letters, highly praising Visionary for achieving such significant accomplishments in a short period. They commended Visionary for its positive contributions to advancing science, technology, and education in Canada.   Mr. William Chai, Chairman of the Board of Directors of Visionary, Mr. Marc Kealey, Vice Chairman, and the CEO Mr. Zhong Chen, delivered important speeches during the event. They expressed great pride and confidence in Visionary’s successful transformation and the future development prospects of Visionary’s three major business sectors. They believe that Visionary will continue to provide more opportunities and contributions to the advancement of technology and innovation economy in Canada.   Faced with significant changes in Canadian education policies, which notably restricted international student visas and reshaped the education system, Visionary initiated a strategic transformation in September 2023. Transitioning from traditional education to high technology, life sciences, and AI education, after over six months of efforts, we have successfully executed this strategic transformation objectives.   These objectives are outlined below:   1, Visionary has reached an intention with Farnova Holding Group to collaborate on establishing a manufacturing plant in Toronto, becoming Canada’s first independent brand of new energy vehicles, thus filling a gap in the Canadian market. The product line includes sports cars, micro-cars, cold chain/logistics vehicles, electric buses, yachts, and other series of new energy vehicles. Farnova Holding Group possesses a wealth of cutting-edge proprietary technologies in the fields of electric and hybrid vehicles. Additionally, the Farnova Holding Group’s President and Technical Director is the renowned Italian racing engineer Giorgio Stirano, ensuring promising prospects for the Farnova’s future.   2, Visionary has partnered with Canada BRAUN Bio Technology Group Inc. to establish Visionary Biotech Group Inc in Toronto. Visionary possesses world-class biochip technology products, filling a gap in Canada’s market. BRAUN founded in March 2011 at the University of British Columbia in Vancouver, Canada, by Canadian academicians including Victor C.M. Leung from the Royal Society of Canada and the Canadian Academy of Engineering, along with American academicians. With an accumulated investment of nearly US$150 million over more than a decade, BRAUN has focused on developing biochips, collaborating with renowned medical institutions in the United States and Canada to develop multiple products used in medical bed testing, drug development, animal quarantine, and cold chain transportation. These products include medical chips, animal chips, cold chain chips, and agricultural chips, among others. Currently, the products have completed clinical testing, process validation, and small-scale production. Visionary has partnered with Zhejiang Ruikun Technology Group in China to invest US$300 million in building a factory in Nantong, China, filling a gap in China’s market. The factory is scheduled to commence production in March 2025, with a projected output value of over US$3 billion in the next five years, creating significant economic and social value for Visionary.   3. Visionary has partnered with China’s top 500 enterprise, Red Sun Group, to jointly invest in establishing the Life Science Industry Group in Toronto. The Life Science Industry Group aims to become the world’s largest industrial platform for niacinamide (whitening) and anti-aging NMN (nicotinamide mononucleotide). Leveraging Red Sun Group’s global-leading raw material bases and technical platforms for niacinamide and NMN, Visionary intends to establish a complete industry chain business system, from raw materials to functional foods, skincare products, functional animal health products, and future medical terminal products. These products serve global cosmetics, food manufacturing, animal supplies, pharmaceutical and medical institutions, as well as end customers.   4, Visionary has acquired Shenzhen Guoli Intelligent Technology Group, a global leader in STEM-AI education solutions for youth. Guoli possesses nearly 100 proprietary patents and offers over 100 products, selling in over 30 countries worldwide. This acquisition positions Visionary as Canada’s largest provider of artificial intelligence education services.       Visionary is embracing a fresh approach, leveraging the “merger and integration innovation” business model to join hands with global elites and develop at an innovative and remarkable pace. We are making more contributions towards achieving the aspirations of humanity for “happiness, beauty, and longevity.”   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. Visionary 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, Visionary has been serving and will continue to serve both Canadian and international students. For more information, visit Visionary’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 Visionary’s current expectations and projections about future events that Visionary 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. Visionary 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 Visionary 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 Visionary cautions investors that actual results may differ materially from the anticipated results and encourages investors to

TORONTO, April 23, 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 April 22, 2024, the Board appointed Mr. Zhong Chen as its new chief executive officer, effective immediately.   Mr. Chen has over 27 years of experience in development, construction, and architectural management. He has been serving as the President of Addington Development in Toronto, Canada since 2010. Under his leadership, the company has successfully raised over $150 million CAD through various financings and improved construction processes, reducing costs by 15%. Prior to Addington Development, Mr. Chen was the President & Chief Representative at P&H International Architects in Toronto and Shanghai from 2000 to 2018, where he led extensive urban and residential projects and earned multiple design awards. From 1993 to 2008, he was the President of Olympic Construction and Installation Engineering Company in Shanghai, where he won two China Luban Awards for construction excellence. Mr. Chen holds an Executive MBA (EMBA) from Nanyang Technological Institute in Singapore. Mr. Chen obtained his Bachelor of Science (B.S.) in Physics from Shanghai University of Science and Technology, China.   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, Jan. 11, 2024 /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 on December 27, 2023, the Global Chinese Capital Establishment Conference and the North American Listing Training Camp for Chinese Entrepreneurs, sponsored by Visionary Education Technology Holdings Group Inc., and hosted by Visionary North America Venture Incubator, the Canada Chinese Youth Business Club, and the Canada North America Entrepreneurship Camp, were successfully held at the 105 Moatfield Dr. in Toronto.   This event attracted numerous well-known entrepreneurs and industry leaders who collectively explored the development opportunities and challenges for Chinese entrepreneurs. During the event, the introduction of Global Chinese Capital and the training camp received enthusiastic responses, and the session on the presentation of listed projects particularly sparked great interest among participants. Throughout the conference, attendees actively engaged in discussions, jointly envisioning the collaborative and developmental prospects for 2024. The successful organization of the event not only strengthened connections among Chinese entrepreneurs but also laid a solid foundation for future collaborative success.   During the event, the speeches by important guests, including Ms. Fan Zhou, Chairman of Visionary Education Technology Holdings Group Inc., were highly appreciated. Attendees engaged in in-depth discussions on New Year’s networking and prospects for Canadian Chinese entrepreneurs. The sharing of information about Global Chinese Capital and the training camp sparked active discussions, providing a valuable development platform for Chinese entrepreneurs in the North American market. This event not only strengthened the cohesion within the Chinese entrepreneur community but also paved the way for their future business success. The conference concluded successfully, showcasing the unity and strength of Chinese entrepreneurs.   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.   SOURCE Visionary Education Technology Holdings Group Inc. For further information: For more information, please contact: Visionary Education Technology Holdings Group Inc., Investor Relations Department, Email: ir@gvisionary.ca

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