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

Core Viewpoint - Visionary Holdings has successfully completed a significant strategic adjustment, optimizing its corporate governance structure and future business development to lay a solid foundation for growth [1] Group 1: Shareholder Meeting and Governance - The recent general meeting of shareholders was crucial for strengthening high-end talent recruitment in high-tech fields and increasing financial investment for high-tech projects [2] - The company addressed past internal governance and operational management issues, ensuring stable operations and maintaining stakeholder trust [2] - Five new directors with extensive professional backgrounds were elected, bringing diverse expertise from biotechnology, medical technology, new energy vehicles, education, and finance [2] Group 2: Leadership Changes - Following the shareholder meeting, a new board of directors was formed, with Fan Zhou elected as chairman and CEO, and Jun Huang appointed as COO [3] - Xiyong Hou was adjusted to co-CEO, while Weixing Wang, Jinchao Miao, and Yongheng Hu were appointed as chairmen of the nomination, audit, and compensation committees respectively [3] Group 3: Compliance and Future Plans - Visionary Holdings adheres to compliant operations, ensuring all actions align with the OBCA, company bylaws, and Nasdaq and SEC governance standards [4] - The company plans to implement additional compliance training programs for directors, management, and employees to further enhance corporate governance [4] Group 4: Future Development - This major reform signifies the beginning of a new development stage for Visionary Holdings, with a focus on coordinated growth in core business areas [5] - The new leadership team aims to enhance international market influence and create greater value for shareholders while bringing new opportunities to the industry [5]