Exhibit 99.1

VISIONARY HOLDINGS INC.

(“FORMERLY KNOWN AS “VISIONARY EDUCATION TECHNOLOGY HOLDINGS GROUP, INC.”)

INTERIM CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(IN U.S. DOLLARS)

	September 30,			March 31,
	2023			2023
ASSETS
CURRENT ASSETS
Cash	$	429,493		$	651,490
Restricted cash – Current		500,000			500,000
Short-term investments		51,772			51,723
Accounts receivable, net		69,781			89,248
Prepaid and other receivable		839,541			525,429
Due from related parties		187,832			191,595
Assets held for sale		16,269,985			20,335,836
Total current assets		18,348,404			22,345,321
Restricted cash – non-current		143,397			140,391
Property, plant and equipment, net		68,050,707			69,568,551
Right of use assets		625,748			690,932
Intangible assets, net		951,177			966,533
Acquisition deposits		2,449,600			760,000
Deferred tax assets		76,030			778,552
Goodwill		952,247			951,346
TOTAL ASSETS	$	91,597,310		$	96,201,626
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable	$	904,537		$	1,025,892
Accrued liabilities		2,138,070			1,820,872
Other tax payable		1,066,231			932,402
Due to related parties		7,577			4,165,912
Deferred revenue		972,870			1,321,673
Lease liability - current		197,183			196,996
Liabilities related to assets held for sale		14,078,194			19,709,383
Bank loans - current		47,768,142			47,694,700
Other loan payable- current		479,033			467,976
Convertible notes		–			1,214,375
Derivative liability - current		–			378,132
Income tax payable		1,989,981			1,528,630
Total current liabilities		69,601,818			80,456,943
Deferred tax liabilities		128,591			225,060
Lease liability, non-current		428,564			493,936
Other loan payable, non-current		500,169			741,469
Derivative liability, non-current		44,760			1,565,570
TOTAL LIABILITIES		70,703,902			83,482,978
Commitments
EQUITY
Common shares, no par value, unlimited shares authorized, 51,568,883 and 39,250,000 issued and outstanding as of September 30, 2023 and March 31, 2023, respectively and additional paid-in capital		18,359,755			14,106,238
(Deficits) retained earnings		3,153,027			(886,765	)
Accumulated other comprehensive (loss) income		(579,306	)		(549,736	)
Total shareholders’ equity attributable to the Company		20,933,476			12,669,737
Noncontrolling interest		(40,068	)		48,911
Total shareholders’ equity		20,893,408			12,718,648
TOTAL LIABILITIES AND EQUITY	$	91,597,310		$	96,201,626

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VISIONARY HOLDINGS INC.

(“PREVIOUSLY KNOWN AS “VISIONARY EDUCATION TECHNOLOGY HOLDINGS GROUP, INC.”)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

AND COMPREHENSIVE INCOME

(IN U.S. DOLLARS)

	For the Six Months Ended September 30,
	2023			2022
Revenue – rent	$	4,473,767		$	1,339,546
Revenue – tuition		480,551			524,944
Total Revenues		4,954,318			1,864,490
Cost of revenue – rent		3,065,775			675,438
Cost of revenue – tuition		196,744			155,729
Total cost of revenues		3,262,519			831,167
Gross Profit		1,691,799			1,033,323
Operating expenses:
General and administrative expenses		734,905			661,418
Professional fees		2,422,314			310,603
Salaries		445,289			807,334
Total operating expenses		3,602,508			1,779,355
Loss from operations		(1,910,709	)		(746,032	)
Other (expense) income
Interest expense		(2,822,917	)		(506,036	)
Accretion interest		(285,625	)		–
Gain on disposal of properties		8,741,559			–
Gain (loss) on warrants		880,810			–
Loss on derivative liabilities valuation		367,663			(1,536,419	)
Government subsidies		–			84,258
Other income		71,831			28,155
Total other (expense) income, net		6,953,321			(1,930,042	)
(Loss) income before income taxes		5,042,612			(2,676,074	)
Provision for income taxes		(1,092,507	)		(99,169	)
Net (loss) income		3,950,105			(2,775,243	)
Less: net loss (income) attributable to noncontrolling interest		(89,687	)		54,230
Net (loss) income attributable to Visionary Education Technology Holdings Group		4,039,792			(2,721,013	)
Other comprehensive income (loss) :
Foreign currency translation loss		(28,862	)		(1,145,693	)
Comprehensive income (loss)		3,921,243			(3,920,936	)
Less: comprehensive loss attributable to noncontrolling interest		(88,979	)		(74,630	)
Comprehensive income (loss) attributable to Visionary Education Technology Holdings Group	$	4,010,222		$	(3,846,306	)
Earnings (Loss) Per share
Basic and diluted	$	0.09		$	(0.07	)
Weighted Average Shares Outstanding
Basic and diluted		45,316,834			38,112,022

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