Business
Visionary Education Technology Holdings Group Inc. Announces Strategic Alliance to Facilitate its Business Expansion in China
Markham, Canada, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the “Company”) (Nasdaq: VEDU), a private education
About this update from Visionary Holdings Inc.
[{"type":"text","content":"Markham, Canada, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Visionary Education Technology Holdings Group Inc. (the “Company”) (Nasdaq: VEDU), a private education provider located in Canada that offers high-quality education resources to students around the globe, today announced that the Company, through its wholly-owned subsidiary Farvision Education Group Inc., has entered into a Strategic Cooperation Agreement (the “Agreement”) on July 26, 2022, with Guangdong Dadus Marketing Research and Promotion Ltd. (“DDS”), a pioneer of market research and precision marketing online/offline promotion of companies in China, to launch an authorized cooperative office (the “Office”) in Guangzhou, China, to promote the Company’s study abroad and immigration programs to Chinese students and to facilitate the Company’s business expansion. The Office is designed to facilitate the promotion of the Company’s service concept and value orientation to Chinese customers, develop the Company’s market share in the mainland China market, provide consulting services for study in and immigration to Canada in Guangzhou and the Pearl River Delta region, and further expand the Company’s business to other cities in China. Pursuant to the Agreement, the Company agrees to authorize DDS as its agent to enroll Chinese students in the Company’s programs in Canada and to provide relevant materials required for admission as well as relevant consultation. DDS agrees to be responsible for the recruitment of Chinese students for the Company’s education programs(1), its study abroad and immigration programs(2) and promotional events and activities. As consideration for DDS’s services, the Company will pay DDS certain maintenance and commission fees. Mr. David Xu, Chief Executive Officer and Chief Operating Officer of the Company, commented, “We are pleased about the partnership with DDS and excited about the opportunities to offer our education programs to students of different ages in China who intend to study abroad. With our extensive experience in educational programs and related immigration services, we aim to best serve and meet their needs. The strategic partnership is another approach for us to increase our business presence and expand our business to the China market, especially in Guangzhou and other cities located in the Pearl Delta River region. We expect the Office...