isionary Education Technology Holdings Group Inc. announced that the Company has signed a formal agreement with Asian Olympic Foundation and Beijing Association for the Promotion of Olympics Related Culture, to jointly establish the Olympic University of Canada. In order to elevate a global view of the Olympic Culture, help Canada's development of national education, and train sport talents, champions and management team members for the Olympic Games, the Company is dedicated to promoting the Olympic spirit and the game. This Agreement is specific to building an Olympic University, the world's second of its kind, in Toronto, Canada and 5 Olympic International Schools.

In future, the Olympic University will gather global champions and sport talent, develop a vibrant educational system that provides Olympic Games champions and retired athletes to be part of a new alumni. On campus, the Olympic University plans to build a World Championship Center, a Games' Training Camp and an Olympic Cultural ecosystem. Thus, the combination of the three centers will create an education-research-production center.

This plan has received strong support from the public. The Olympic University and Olympic International High School program has been formally submitted to the International Olympic Committee (IOC). It is expected to receive approvals from the IOC, first for establishing the Olympic International High School, on April 2023, and followed with the approval of Olympic University on July 2023.

The Company plans to establish the headquarter of the Olympic University on its property at 95 and 105 Moatfield Drive, Toronto, Ontario. The twin buildings and the campus are already under the Company's ownership.