GV Announces the New CFO

Rhea-AI Summary

Visionary Holdings (NASDAQ: GV), a private education provider focused on AI and life sciences, announced the appointment of Zhong Chen as the new CFO, effective May 6, 2024. The decision follows the resignation of former CFO Katy Liu on February 9, 2024, which wasn't due to any disagreements with the company. Mr. Chen, who is also the CEO, brings extensive experience in multinational enterprise project development, operational management, and capital operations to his new role.

Positive

• Appointment of a new CFO with extensive experience in multinational enterprise project development, operational management, and capital operations.
• Seamless transition in leadership as the new CFO also holds the CEO position, ensuring continuity.

Negative

• Resignation of CFO Katy Liu, which may create initial uncertainty.
• Consolidation of CEO and CFO roles might lead to potential conflicts of interest or overburdening of responsibilities.

TORONTO, May 16, 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 board of the Company has elected Mr. Zhong Chen as the new CFO.

On February 9, 2024, Katy Liu notified Visionary Holdings Inc. (the "Company") of her resignation as its chief financial officer, effective May 6, 2024. Ms. Liu's resignation did not result from any disagreement or disputes with the Company.

On May 6, 2024, the Board appointed Mr. Zhong Chen, the Company's chief executive officer, as its new chief financial officer, effective immediately. Mr. Chen has extensive experience in multinational enterprise project development, operational management, and capital operations.

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.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 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 Department
Email: ir@farvision.ca

View original content:https://www.prnewswire.com/news-releases/gv-announces-the-new-cfo-302147265.html

SOURCE Visionary Holdings Inc.

FAQ

Who is the new CFO of Visionary Holdings as of May 2024?

Zhong Chen has been appointed as the new CFO of Visionary Holdings, effective May 6, 2024.

Why did Katy Liu resign as CFO of Visionary Holdings?

Katy Liu resigned as CFO of Visionary Holdings effective May 6, 2024, and her resignation was not due to any disagreement or disputes with the company.

What experience does Zhong Chen bring to his role as CFO of Visionary Holdings?

Zhong Chen has extensive experience in multinational enterprise project development, operational management, and capital operations.

When did Katy Liu notify Visionary Holdings of her resignation?

Katy Liu notified Visionary Holdings of her resignation on February 9, 2024.