TORONTO, March 3, 2025 /PRNewswire/ — Recently, Visionary Holdings Inc. (hereinafter referred to as “Visionary”, NASDAQ stock code: GV), a technology enterprise listed on the NASDAQ Capital Market, announced that after years of research and development, PEGASUS New Energy Vehicles under Visionary were officially launched in 2025. The company aims to create “PEGASUS”, the No. 1 brand in the automotive industry ecosystem of an independently developed brand in Canada, which has attracted great attention from the capital market.

Against the backdrop of increasingly strict environmental protection regulations and tightening carbon emission indicators, the global new energy vehicle market is showing a trend of rapid growth. In 2023, the sales volume of new energy passenger vehicles in Europe soared, with the annual growth rate far exceeding expectations; the sales volume of new energy vehicles in the United States also reached a new high, indicating huge market potential. Visionary has keenly captured this market opportunity. With its strong technical accumulation and powerful global resource integration capabilities, it has entered the market with great momentum and is expected to stand out in the highly competitive new energy vehicle market.

It is understood that Visionary will adopt a cross-ocean collaborative industrial model. It will achieve localization of vehicle model research and development, design, assembly production, sales, and after-sales service in Canada. At the same time, it will make full use of the advantages of the global automotive parts industry, especially the automotive parts industry in China, and entrust global partner factories to process the production of automotive parts. This model can not only reduce production costs but also improve production efficiency, giving the enterprise an edge in market competition.

In terms of product planning, Visionary will initially launch two core vehicle models: one is a compact intelligent electric sedan targeting young urban commuters, with a cruising range of 400-500 kilometers, equipped with an intelligent interactive cockpit and advanced automatic driving assistance functions; the other is a medium-sized luxury electric SUV that meets the needs of family travel and business reception, with a cruising range of 500-600 kilometers, boasting a luxurious and comfortable driving space and high-end configurations. In the later stage, pickup trucks, heavy-duty truck logistics models, and urban special-purpose vehicle models will be successively launched. In addition, Visionary will cooperate with global leading battery suppliers and introduce high-energy-density solid-state battery technology, achieving the excellent performance of charging from 10% to 80% in just 10 minutes, bringing consumers a better user experience.

In order to enhance brand awareness and market share, Visionary has formulated a comprehensive marketing strategy. It will actively participate in top auto shows in Europe and the United States, plan to invite international superstars as brand ambassadors, and conduct word-of-mouth promotion through social media and automotive forums. At the same time, it will set up brand direct sales experience stores and after-sales service centers in core cities around the world, cooperate with local large-scale dealer groups, and build an official online store and flagship stores on e-commerce platforms to achieve integrated online and offline development.

In terms of production and operation, Visionary will rely on the mature global automotive parts industry clusters, entrust top global factories for processing, and cultivate local suppliers in Canada. The localization rate of automotive parts will reach more than 40%. In particular, it will maintain core local research and development advantages in the three-electric system and intelligent driving system of new energy vehicles to reduce supply risks. During the production process, it will fully adopt the Industry 4.0 flexible production line, with an automation rate of up to 85%, ensuring efficient and accurate production capacity output. Visionary will also strictly follow the quality standards of the automotive industry in Europe and the United States and establish a complete quality control system to ensure the reliability and durability of its products.

The financial plan shows that Visionary has made a reasonable capital layout in aspects such as factory construction, equipment procurement, technology research and development, and market promotion, and has made an optimistic outlook on future earnings. In the first year after the project is put into production, the production capacity is expected to reach 100,000 vehicles, and the sales revenue is expected to reach 4 billion US dollars. The subsequent annual sales growth rate is expected to exceed 30%. In the fifth year, it is expected to achieve a revenue of 15 billion US dollars, a net profit of about 1.5-2 billion US dollars, a net profit margin of 10%-15%, an internal rate of return of over 20%, and an investment payback period of about 3-4 years.

Facing risks such as technological iteration and market fluctuations, Visionary said that it will increase investment in research and development, cooperate with universities and scientific research institutions to maintain a leading position in technology; at the same time, it will establish a market dynamic monitoring mechanism, flexibly adjust production plans and marketing strategies, and use financial instruments to lock in raw material costs to ensure the stable development of the enterprise.

Analysts believe that Visionary’s active layout in the new energy vehicle field not only conforms to the development trend of the industry but also will bring new performance growth points to Visionary. With the gradual progress of the project, it is expected to increase Visionary’s market valuation and bring generous returns to investors. The launch of Visionary’s “PEGASUS” new energy vehicle project undoubtedly injects new vitality into the global new energy mobility field and is worthy of market expectation.

For more information, please contact:

Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca

SHENZHEN, China, March 3, 2025 /PRNewswire/ — Addentax Group Corp. (“Addentax” or the “Company”) (Nasdaq: ATXG) announced that it has regained compliance with the Nasdaq Listing Rule 5450(a)(1).

On April 24, 2024, the Company was notified by Nasdaq that its common stock had failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days, as required by Nasdaq Listing Rules. However, Nasdaq has now confirmed that for the 10 consecutive business days from February 7 through February 21, 2025, the closing bid price of the Company’s common stock has been at or above $1.00 per share. As a result, the Company has regained compliance, and this matter is now closed.

About Addentax Group Corp.

Addentax Group Corp. is an integrated service provider specializing in garment manufacturing, logistics services, and property management and subleasing. For more information about the Company, please visit the website: https://www.addentax.com/.

Caution Concerning Forward Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions are intended to identify such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company’s filings with the SEC, that may affect the Company’s future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. These forward-looking statements are based on information currently available to Addentax and its current plans or expectations and are subject to a number of known and unknown uncertainties, risks and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the “Risk Factors” section of Addentax’s Annual Report on Form 10-K for the year ended March 31, 2023. Although we believe the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

Company Contact:

Public Relations Contact:
Addentax Group Corp. Corp.
Phone: + (86) 755 86961 405
xinyee.lee@zgyingxi.com

Investor Relations Contact:

Sherry Zheng
WAVECREST GROUP INC.
1-718-213-7386

NEW YORK, March 3, 2025 /PRNewswire/ — SunCar Technology Group Inc. (“SunCar” or the “Company”) (NASDAQ: SDA), an innovative leader in auto e-insurance and cloud-based B2B auto services in China, today announced its selection as the exclusive provider for the Visa Concierge Car Service Project, establishing a pivotal partnership with global payments leader Visa. This strategic alliance positions SunCar to deliver premium airport and high-speed rail transfer services to Industrial and Commercial Bank of China’s (ICBC) high-net-worth cardholders nationwide, opening significant new revenue channels in China’s lucrative premium services market.

This partnership represents a substantial expansion of SunCar’s addressable market, providing direct access to ICBC’s coveted Platinum and Black Gold cardholders—an elite customer segment with individual assets exceeding $1.1 million and credit card spending limits above $275,000.

“Securing this partnership with Visa, following their rigorous vendor evaluation process, validates our technology platform’s superiority and service excellence,” said Ye Zaichang, CEO of SunCar. “This high-profile collaboration enhances our market position with minimal additional capital expenditure, accelerating our path to increased shareholder value.”

The exclusive partnership leverages SunCar’s established nationwide service network and proprietary cloud-based technology platform, allowing for rapid scaling with limited incremental costs. The company’s advanced AI-powered dispatch system ensures optimal resource allocation, maintaining premium service levels while maximizing operational efficiency across China’s first-tier and emerging city markets.

China’s premium services market continues to expand alongside the country’s growing high-net-worth population, presenting substantial growth opportunities for well-positioned service providers.

About SunCar Technology Group Inc.

Founded in 2007, SunCar is transforming the customer journey for auto services and auto insurance in China, the largest passenger vehicle market in the world. SunCar develops and operates cloud-based platforms that seamlessly connect drivers with a wide range of auto services and insurance coverage options through a nationwide network of sales partners. As a result, SunCar has established itself as the leader in China in the B2B auto services market and the auto eInsurance market for electric vehicles. The Company’s intelligent cloud platform empowers its enterprise clients to access and manage their customer database and offerings optimally, and drivers gain access to hundreds of services from tens of thousands of independent providers in a single application. For more information, please visit: https://suncartech.com. 

Forward-Looking Statements

This press release contains information about the Company’s view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. The Company encourages you to review other factors that may affect its future results in the Company’s annual reports and in its other filings with the Securities and Exchange Commission.

Contact Information:

SunCar:
Investor Relations: Ms. Hui Jiang
Email: IR@suncartech.com
Legal: Ms. Li Chen
Email: chenli@suncartech.com 

U.S. Investor Relations
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com 

Cynerio’s NDR-H Solution enables deep packet inspection, comprehensive network traffic analysis with real-time threat detection and response, and proactive auto identification and analysis of connected devices.

SAN ANTONIO, March 3, 2025 /PRNewswire/ — Frost & Sullivan recently analyzed the healthcare security industry and, based on its assessment, recognizes Cynerio with the 2025 North American Enabling Technology Leadership Award. Realizing just how extensive healthcare cybersecurity challenges are for organizations beginning to build out their security programs, the company offers customers a single platform composed of three core offerings to meet the most prevalent organizational needs. Cynerio has devoted critical investment and development time to the deep packet inspection capabilities of its technical appliance. These efforts have been key to developing its Healthcare Cybersecurity Platform over the past six years. Cynerio’s Network Detection and Response for Healthcare (NDR-H) solution provides comprehensive network traffic analysis with real-time threat detection and response capabilities against the most common attack vectors. These include ransomware, malware, and common breach patterns that have been observed or reported by other healthcare entities as part of threat intelligence and collaboration initiatives.

Cynerio’s Medical Device Security solution offers proactive automatic identification and analysis of the connected devices present in the organization’s network to determine the optimal utilization and security of these assets. The solution also includes mitigation recommendations or best practices that can be enacted, such as micro-segmentation guidance, patch recommendations, or new use cases, to improve an asset’s overall efficiency. In doing so, the solution offers both security and organizational guidance. The company’s Complete Asset Visibility solution provides a single pane of glass view of all the connected technologies within the organization, including IT, operational technologies (OT), IoT, and Internet of Medical Things (IoMT) assets.

Danielle VanZandt, research manager for security at Frost & Sullivan, observed, “Cynerio’s multi-faceted platform aligns well with the triage-centric operational methodology that is fundamental to the healthcare industry, enabling security teams to efficiently determine the most prescient mitigation actions and better prioritize security objectives without overwhelming personnel.”

Cynerio’s Healthcare Cybersecurity Platform enables healthcare security teams to gain the visibility they require, determine the current security posture of their connected assets, and enact mitigation measures for improvement while having real-time awareness of the threats targeting them. The NDR-H solution meets industry demands and combats the rising wave of cyberattacks, actively tackling customers’ most pressing security challenges. Cynerio can also accelerate its internal product evolution based on these discussions, identify any new threats or attack vectors as they appear, and deploy an updated platform to customers to defend against the latest threats. Customers trust Cynerio as a knowledgeable and reliable partner that can support the deployment of their healthcare cybersecurity programs and keep them informed on the latest developments through continuous feedback.

“Cynerio has emerged as a key partner for healthcare customers looking to gain visibility into their entire organizational infrastructure, secure an expansive network of connected devices, and actively detect and combat cybersecurity threats as the healthcare sector continues to build out its security standards and best practices. Through the company’s robust Healthcare Cybersecurity Platform, Cynerio offers customers a centralized platform that addresses cybersecurity challenges across the organization, appealing to multiple stakeholders and connecting customers with Cynerio’s subject matter experts who serve as guides through this ever-changing industry,” added Danielle. With its robust cybersecurity platform and robust knowledge of the healthcare cybersecurity ecosystem performance, Cynerio earns Frost & Sullivan’s 2025 North American Enabling Technology Leadership Recognition in the healthcare security industry.

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

Access the full Frost & Sullivan 2025 North American Enabling Technology Leadership Report here.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Camila Tinajero
P: +54911 6713 2748
E:Camila.Tinajero@frost.com

About Cynerio    

Cynerio empowers healthcare organizations with a comprehensive cybersecurity platform designed to protect medical environments from evolving cyber threats. With real-time threat detection, automated risk mitigation, and strategic micro-segmentation guidance, Cynerio helps hospitals and healthcare providers secure their networks, protect patient data, and ensure the resilience of connected devices. By delivering NDR-H, Medical Device Security, and Complete Asset Visibility, Cynerio provides healthcare security teams with the tools they need to prevent cyberattacks, maintain compliance, and enhance patient safety.

For more information, visit www.cynerio.com