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.visiongroupca.com/.
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 review other
factors that may affect its future results in Visionary's
registration statement and in its other filings with the SEC.
For more information, please contact:
Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca
View original
content:https://www.prnewswire.com/news-releases/visionary-transitions-from-education-to-innovative-technology-life-sciences-and-ai-education-302140399.html
SOURCE Visionary Holdings Inc.
