April 25, 2025, Toronto — Visionary Holdings Inc. (Nasdaq: GV) today successfully held its governance renewal press conference at its Toronto headquarters, marking a crucial milestone in restoring lawful governance, safeguarding shareholder interests, and pursuing accountability for past misconduct.
During the conference, representatives from the Board of Directors, minority shareholders, and executive management emphasized the Company’s firm position: full support for the leadership of the new Board, unwavering protection of shareholder rights, and resolute pursuit of transparency, fairness, and accountability.
Speaking on behalf of the Board, Mr. Marc Kealey reaffirmed that the reconstituted Board is fully operational under lawful governance and is committed to rectifying past abuses.
Jason Wang, representing minority shareholders, voiced strong support for the new Board and called for continued action to defend shareholder interests through transparency and lawful action.
Co-CEO Zhong Chen outlined the leadership team’s immediate priorities:
- Stabilization — Ensuring operations are legally compliant and financially sound.
- Rebuilding Trust — Through proactive disclosure and open communication.
- Strategic Repositioning — Unlocking sustainable long-term value for all shareholders.
The Board of Directors solemnly declares:
Ms. Fan Zhou was officially removed from her position as Director by Board resolution on March 26, 2025, and all related disclosures have been filed with the SEC (Form 6-K).
- Since that date, any activities, transactions, agreements, or representations made by Fan Zhou are strictly her personal actions.
- Visionary Holdings Inc. has no knowledge of, has not participated in, and bears no legal responsibility for any of Fan Zhou’s individual activities.
- A Legal and Governance Committee has been established to thoroughly investigate historical misconduct and pursue legal accountability in full cooperation with regulatory and law enforcement agencies in Canada and the United States.
Moving forward, the Board is committed to gradually restoring a normalized corporate governance framework — where the management team leads daily operations, and the Board provides strategic oversight — in full compliance with Nasdaq standards.
Today’s press conference sends a clear and unified message: Visionary Holdings Inc. is determined to sever ties with personal misconduct, hold wrongdoers accountable, protect all shareholders, and rebuild a transparent, fair, and sustainable corporate ecosystem.
For media inquiries:
media@visiongroupca.com
