#Canada #Toronto #Governance #Visionary Holdings

Visionary Holdings Inc. Annual General Meeting 2025: A Transformative Conclusion

On October 31, 2025, Visionary Holdings Inc. held its Annual General Meeting (AGM) via Zoom from 10:00 AM to 12:00 PM ET. With a participation rate exceeding 97.79% of total voting rights, the event was not only compliant with the corporate laws of Ontario but also reflected strong shareholder engagement. The meeting was chaired by Mr. Robert Jay LEES and allowed for extensive discussions on key agenda items, including board renewal and the financial outlook for the upcoming fiscal year.

Highlights of the AGM

The main focus of the meeting was the renewal of the board of directors, which is crucial for guiding the company through its next phases of growth. The Nomination Committee presented 16 candidates for the board, of which 9 were incumbent members and 7 were new nominees. After rigorous evaluations and public solicitation, these candidates were selected based on their diverse qualifications in fields such as corporate management, international education, and financial compliance. Ultimately, nine candidates were approved by the shareholders, cementing their position on the board until the next AGM in 2026.

The newly elected board members bring a wealth of experience that will inform strategic decision-making while ensuring the long-term interests of shareholders are protected. Their diverse backgrounds promise fresh perspectives that will enhance the company's governance.

Strengthening Financial Compliance

In addition to the board renewal, the AGM also saw the reappointment of Assentsure PAC as the company auditor for the fiscal year 2025-2026. This decision reflects the company’s commitment to maintaining rigorous compliance with U.S. SEC regulations, reinforcing a robust defense line against financial discrepancies. Assentsure PAC, recognized for its ability to navigate cross-border auditing complexities, will take charge of all statutory financial matters, ensuring transparent and timely disclosures.

Reviewing Annual Reports: Insights into Business Progress

The meeting reviewed and approved the financial and governance reports from the fiscal year 2024-2025, showcasing strong performance in core business areas such as real estate and healthcare services. Notably, the company reported an impressive 100% year-on-year profit growth in its new health-related ventures. Throughout the past year, Visionary Holdings maintained financial stability, evidencing a strong asset base while effectively managing liabilities, with total assets held at USD 68,792 thousand.

Strategically, the company has achieved considerable milestones by establishing branches in China and onboarding over 30 new clients, all while sustaining a customer satisfaction level exceeding 80%. Their footprint in artificial intelligence and healthcare was also expanded through significant acquisitions, demonstrating a commitment to innovation and growth.

Confirmation of Governance Matters

The AGM also confirmed the legality of the board elections and endorsed the responsibilities laid out for the auditors. By approving the Form 20-F for SEC submissions, the company is preparing to provide comprehensive and compliant financial reporting in its upcoming disclosures.

Looking Ahead: The Future Agenda

As a follow-up to the AGM, the board is set to convene its first meeting on November 3, 2025 at 10:00 AM ET, during which key positions like the Chairman and executive directors will be elected. The agenda will also include appointments for specialized committees focusing on audit, nomination, remuneration, and investment, underscoring the company's organized governance approach.

The management concluded the AGM with a commitment to prioritize shareholder responsibility and corporate growth. The recently realigned governance structure is expected to spur business innovation while fortifying its compliance capabilities. The Board's emphasis on sustainable competitiveness aims to enhance long-term returns for all stakeholders.

Overall, the successful holding of this AGM heralds a promising chapter for Visionary Holdings Inc., as it seeks to expand its horizons through governance improvements and strategic business initiatives.