MARKHAM, CANADA, Sept. 27, 2022 (GLOBE NEWSWIRE) — Visionary Education Technology Holdings Group Inc. (the “Company”) (NASDAQ:VEDU), a private education provider based in Canada and with partners in China, today announced , announced that: On September 23, 2022, the Company successfully completed its acquisition (the “Acquisition”) of two His office buildings at 95-105 His Moatfield Drive in Toronto, totaling approximately 433,000 square feet of space. and Kraft Heinz. The Company completed the acquisition for an aggregate consideration of C$101 million. The company plans to develop these two buildings as Visionary University Towns, which are expected to build a solid foundation for future development, expand its educational programs and significantly expand its business. .

The company held a handover ceremony at Building 105 on September 23, 2022. Mr. Ken Cheng, Honorary Chairman of the Board of Directors of the Company. Mr. Fan Zhou, Managing Director of the Company; Mr. David Xu, Chief Executive Officer and Chief Operating Officer of the Company; Our Chief Education Advisor, Dr. Leon Xiao attended the handover ceremony.

Our Chief Executive Officer and Chief Operating Officer, David Xu, commented: Specifically, it launches a 2+2 articulation program, public-private partnerships (and other educational programs in collaboration with public universities such as Camosun University). Mutt College of Animation, Art & Design. We aim to develop buildings 95-105 into a premier comprehensive university facility in Toronto with a primary focus on digital arts, complementing film and animation production. In addition, we plan to build two student apartments.Visionary University Town plans to host 12,000 to 15,000 students over the next five years.Visionary University Town is Canada’s premier university campus with a beautiful campus. and a convenient learning and living environment for students, faculty and staff. ”

Mr. Xu continues: The building space is mostly leased from his 2023 to 2025 with projected annual rental income of over US$10 million from existing and future tenants. The establishment of Visionary University Town facilitates partnerships, joint ventures, cooperative establishments, and strategic alliances between us and other educational institutions to increase our influence in the film and animation education industry. I am sure it will increase. ”

About Visionary Education Technology Holdings Group.

Headquartered in Markham, Canada, Visionary Education Technology Holdings Group Inc. is a private Canadian educational institution that provides quality educational resources to students around the world. The company aims to provide Canadian students with access to secondary, undergraduate, graduate and vocational education through technological innovation, enabling more people to learn, grow and reach their full potential. I’m here. As a fully integrated provider of Canadian education programs and services, we serve both Canadian and international students and will continue to do so. For more information, please visit the company’s website https://ir.visiongroupca.com/.

forward rowstatement

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 our current expectations.and forecasts of future events that we believe may affect our financial condition, results of operations, business strategy and financial needs.Investors do not “rely” on these forward-looking statements.es, “expect”, “expect”, “estimate”, “intend”, “will”, “continue”, “should”, “may” or similar expressions. We undertake no obligation to publicly update or revise any forward-looking statements to reflect subsequent events. Changes in circumstances or expectations, except as required by law. Although we believe the expectations expressed in these forward-looking statements are reasonable, we cannot give any assurance that such expectations will materialize. correct, the company warns Investors recognize that actual results may differ materially from anticipated results, and investors are advised in our registration statement and other documents of the potential impact on future results. We encourage you to check for certain other factors.SEC filings.

For more information, please contact:

Visionary Education Technology Holdings Group Co., Ltd.
Investor Relations Department
Email: ir@farvision.ca

Ascent Investors Relations LLC
Tina Xiao
president
Phone: +1 917-609-0333
Email: tina.xiao@ascent-ir.com