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Visionary Holdings Establishes Industrial Fund in Hong Kong to Boost New Energy Vehicle Business Growth

Core Viewpoint - Visionary Holdings has established the Visionary Industrial Development LPF in Hong Kong to support its strategic development in the new energy vehicle industry, marking a significant step in promoting the sustainable growth of its PEGASUS project [1][4]. Fund Scale and Management - The initial issuance scale of Visionary Industrial Development LPF is $50 million, focusing on investments in new energy-related industries, including new energy vehicles, photovoltaics, and energy storage [2]. - The fund will be managed by Visionary Asset Management Limited, which has extensive experience in asset management [2]. Investment Structure and Strategic Partners - Visionary will act as the lead investor, contributing 10% of the total fund amount, reflecting its confidence in the fund's prospects and the new energy sector [3]. - The company is negotiating with prominent institutions like the Public Investment Fund of Saudi Arabia and the Alfardan Group of Qatar to invite them to participate in the investment [3]. Supporting the Development of the New Energy Vehicle Industry - The fund aims to establish a stable financial supply chain for Visionary's PEGASUS new energy vehicle industry, which has seen explosive growth in recent years [4]. - Funds will be allocated to critical areas such as research and development, production, and market expansion of new energy vehicles to ensure sustainable growth [4]. Compliance and Information Disclosure - Visionary adheres to the information disclosure requirements of the US Securities and Exchange Commission (SEC), ensuring accurate and timely communication of information to investors [5]. Future Outlook - The establishment of the fund is a key part of Visionary's strategic layout, contributing to long-term development in the new energy vehicle industry [6]. - With rising global demand for clean energy, Visionary plans to increase its investment in the new energy vehicle sector, aiming to position the PEGASUS project as a global leader [6].