Visionary Ushered in a Major Reform: The New Board of Directors Ushered in a New Chapter of the Company's High - Tech Industry Development

Rhea-AI Summary

Visionary Holdings (Nasdaq: GV) announced a significant strategic restructuring through a special shareholders meeting and board meetings. The company elected five new directors with expertise across biotechnology, medical technology R&D, new energy vehicles, education, and finance.

The newly appointed leadership includes Fan Zhou as Chairman and CEO, Jun Huang as COO, and Xiyong Hou as Co-CEO. Weixing Wang, Jinchao Miao, and Yongheng Hu will chair the nomination, audit, and compensation committees respectively.

The restructuring aims to optimize corporate governance, increase investment in high-tech projects, and address previous operational management issues. The company emphasizes compliance with OBCA, Nasdaq, and SEC standards, planning additional compliance training programs for directors, management, and employees.

Positive

• Complete restructuring of board with industry experts across multiple sectors
• Strengthened corporate governance structure with new committee appointments
• Increased financial investment commitment for high-tech projects
• Enhanced compliance measures and internal audit processes

Negative

• Acknowledgment of past problems in internal governance and operations
• Multiple simultaneous leadership changes may cause temporary operational disruption

TORONTO, April 9, 2025 /PRNewswire/ -- Recently, Visionary Holdings (Nasdaq: GV) successfully completed a major strategic adjustment. Through the convening of a special general meeting of shareholders and board of directors meetings, the company comprehensively optimized its corporate governance structure and future business development, laying a solid foundation for future growth.

This general meeting of shareholders is of great significance. On the one hand, the company has not only strengthened the recruitment and development of high - end talent in the high - tech field but also increased financial investment to ensure the smooth progress of its high - tech projects. At the same time, it has rectified the problems existing in its internal governance and operation management in the past, and actively maintained the stable operation of the company and the trust of stakeholders. On the other hand, five new directors with profound professional backgrounds and rich industry experience, namely Fan Zhou, Jun Huang, Weixing Wang, Yongheng Hu, and Jinchao Miao, were successfully elected. The new board of directors covers multiple fields such as biotechnology, medical technology research and development, new energy vehicles, education, and finance, which will inject new vitality into the company's development, providing diversified strategic perspectives and innovative ideas.

After the special general meeting of shareholders, the first meeting of the second - session board of directors was immediately held. At the meeting, Fan Zhou was elected as the chairman and chief executive officer (CEO) of the company, Jun Huang was appointed as the chief operating officer (COO), and Xiyong Hou was adjusted to the co - chief executive officer (Co - CEO). At the same time, Weixing Wang, Jinchao Miao, and Yongheng Hu served as the chairmen of the nomination committee, audit committee, and compensation committee respectively. Each committee will perform its duties to ensure the standardized and efficient operation of the company.

Visionary Holdings has always adhered to the principle of compliant operation. All actions of the general meeting of shareholders and the board of directors are in line with the OBCA, the company's bylaws, and the corporate governance standards of Nasdaq and the SEC. The company's dedicated compliance team continuously monitors and conducts regular internal audits and reviews. In the future, the company also plans to implement additional compliance training programs for directors, management, and employees to further strengthen corporate governance.

This major reform marks the beginning of a new development stage for Visionary Holdings. The new leadership team, with its outstanding professional capabilities and rich experience, will promote the coordinated development of the company in core business areas such as biotechnology, new energy vehicles, education, and finance, enhance its international market influence, create greater value for shareholders, and also bring new vitality and opportunities to the development of the industry.

View original content:https://www.prnewswire.com/news-releases/visionary-ushered-in-a-major-reform-the-new-board-of-directors-ushered-in-a-new-chapter-of-the-companys-high---tech-industry-development-302424023.html

SOURCE Visionary Holdings Inc.

FAQ

Who are the new board members appointed to Visionary Holdings (GV)?

The five new directors are Fan Zhou (Chairman & CEO), Jun Huang (COO), Weixing Wang, Yongheng Hu, and Jinchao Miao, bringing expertise in biotechnology, medical tech R&D, new energy vehicles, education, and finance.

What key leadership changes were made at Visionary Holdings (GV) in April 2025?

Fan Zhou was appointed as Chairman and CEO, Jun Huang as COO, and Xiyong Hou was adjusted to Co-CEO position.

What are the main business areas Visionary Holdings (GV) focuses on?

Visionary Holdings focuses on biotechnology, new energy vehicles, education, and finance as its core business areas.

How is Visionary Holdings (GV) strengthening its corporate governance?

GV is implementing compliance training programs, conducting regular internal audits, and has established new committee chairs for nomination, audit, and compensation to ensure standardized operations.