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Visionary Education Technology Holdings (VEDU) Announces Board Changes

November 30, 2022 8:32 AM EST

Visionary Education Technology Holdings Group Inc. (the "Company") (NASDAQ: VEDU), a private education provider located in Canada, with subsidiaries in Canada and market partners in China, today announced the board of directors changes, effective on November 22, 2022. The Company’s board of directors (the “Board”) elected Mr. Marc Kealey as the Company’s Chairman of the Board of Directors and a member of the Board to succeed Dr. Thomas Traves, who resigned on November 22, 2022. Additionally, the Board elected Mr. William Chai as the Company’s member of the Board, Chairman of the Audit Committee, and member of the Nominating and Corporate Governance Committee, and the Compensation Committee of the Board. Dr. Zaiyi Liao, Mr. Colin Dodds and Dr. Haipeng Xie have resigned from their roles in the Board on November 22, 2022.

Mr. Kealey has over 30 years’ experience in business and advocacy. He is President of K&A Inc., a public policy and business management firm located in Mississauga, Ontario Canada since 2007 where he has been active in prescription drug reform, smoke free legislation, cannabis regulation and cross border healthcare initiatives. Prior to K&A Inc., Kealey served as CEO of Ontario Pharmacists’ Association, the largest professional organization serving the interests of pharmacists in Canada from February 2004 to September 2007. Prior to his role in pharmacy, Mr. Kealey served as General Manager at AECL from June 1999 to February 2004, where he led the CANDU technology team in Asia, particularly China and Eastern Europe; he helped to interface with governments where CANDU nuclear reactors were either in operation or under construction and integrated healthcare system delivery with projects in Qinshan, China and Cernavoda, Romania. Mr. Kealey sits on the University of Waterloo’s School of Pharmacy advisory board and sits on a number of boards in the for-profit and non-for-profit sectors including the Canada India Foundation and the Jamaica Disaster Relief and Resilience Initiative in Jamaica. He sits on the board of CITIZN, a global societal network. He was appointed to the Board of Wounds Canada in 2022. He was appointed to the Board of “Resilient Kids Canada” in 2022,a charity for young people. He is also a Director of CHG Inc.– a Canadian hospital development group. Mr. Kealey is a graduate of St. Jerome’s University at the University of Waterloo and attended Kent State University in Ohio and Queen’s University in Kingston, Ontario.

Mr. Chai has over 35 years’ experience in business investment, venture capital investment, fund management, and fundraising. For the past five years, Mr. Chai has served as one of the founding partners of Global Call to Acton Against Poverty, a nonprofit organization and global network, which works with the United Nations and World Health Organization to support people in their struggles for justice and against poverty and inequality. Mr. Chai is also a senior advisor at Global Innovation Centre, a global think tank. He is a director at Alpha Ring International Ltd., a company headquartered in California that provides software, industrial engineering, and green energy optics. Mr. Chai earned his Bachelor of Science in Electrical Engineering from National Cheng Kung University in Taiwan, a Master of Science in Systems Engineering from Arizona State University, a EMBA degree in Business Administration from National Chengchi University in Taiwan, and an honorary doctorate degree in Management from the International Academy of Public Welfare Corporation.

Mr. David Xu, Chief Executive Officer of the Company, commented, “I’d like to express our great gratitude on behalf of the Board to Dr. Thomas Traves, Dr. Zaiyi Liao, Mr. Colin Dodds and Dr. Haipeng Xie for their dedicated services and significant contributions to the Company during our IPO process, and we wish them the best in their future endeavors. At the same time, we are excited to welcome Mr. Marc Kealey and Mr. William Chai to serve on the Board. Their experience is highly relevant and firmly aligned with our mission, making them ideal members to our Board. Mr. Kealey is a leading voice for transformation in critical infrastructure in Canada, where his success has been honed through years of extensive and practical experience in governance, public policy and management, and politics. Mr. Chai has over 35 years of experience in new business investment, venture capital investment, fund management, and fundraising. Mr. Chai has incubated and invested in many companies that have seen significant achievements. We believe Mr. Kealey’s well-versed expertise in business and advocacy and Mr. Chai’s proven track record as an investor will bring deep and valuable vision to guide the Company to the next level of success.”



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