Visionary Holdings Inc., an Ontario-based corporation listed on NASDAQ, announced a significant regulatory development following a court ruling by the Ontario Superior Court of Justice. The ruling, dated June 19, 2025, addresses the composition of Visionary's Board of Directors and governance-related issues. The court has ordered an investigation into allegations of misconduct within the company, under section 161 of the Ontario Business Corporations Act, and has temporarily restrained Fan Zhou from participating in the company's management to prevent potential harm to its reputation. Additionally, an entity controlled by Zhou's daughter is barred from removing certain directors. The current Board, as of March 25, 2025, is confirmed as lawful until further notice. Visionary Holdings has committed to transparency and compliance with the court orders, ensuring stakeholders are informed as the investigation progresses.