Visionary Holdings Inc. Announcement of Management Change

Rhea-AI Summary

Visionary Holdings Inc. announced the appointment of Mr. Zhong Chen as the new CEO, bringing over 27 years of experience in development, construction, and architectural management. With a successful track record in raising funds and improving construction processes, Mr. Chen's leadership is expected to drive growth and innovation within the company.

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.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

 

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SOURCE Visionary Holdings Inc.

FAQ

Who was appointed as the new CEO of Visionary Holdings Inc.?

Mr. Zhong Chen was appointed as the new CEO of Visionary Holdings Inc.

What is Mr. Zhong Chen's background and experience?

Mr. Zhong Chen has over 27 years of experience in development, construction, and architectural management. He has successfully raised over $150 million CAD through various financings and improved construction processes, reducing costs by 15%. Prior to Visionary Holdings Inc., he held leadership positions at Addington Development and P&H International Architects, earning multiple design awards.

Where did Mr. Zhong Chen obtain his educational qualifications?

Mr. Zhong Chen holds an Executive MBA (EMBA) from Nanyang Technological Institute in Singapore and a Bachelor of Science (B.S.) in Physics from Shanghai University of Science and Technology, China.

What is Visionary Holdings Inc.'s stock symbol?

Visionary Holdings Inc.'s stock symbol is GV.

When was Mr. Zhong Chen appointed as the new CEO?

Mr. Zhong Chen was appointed as the new CEO of Visionary Holdings Inc. on April 22, 2024.