TORONTO, ONTARIO--(Marketwired - Jan. 23, 2017) - Changfeng Energy Inc. (TSX VENTURE:CFY)
("Changfeng" or the "Company") announced today that the special resolution to approve the
continuation of the Company into British Columbia (the "Resolution") was approved unanimously at a meeting of
shareholders of the Company held today (the "Meeting").
The Meeting was called to approve a proposed continuation of the Company into the provincial jurisdiction of British Columbia
in order to facilitate the application of the Company for listing on The Stock Exchange of Hong Kong Limited that the Company
intends to pursue, and to provide the Company with greater flexibility in corporate governance and administrative matters and
corporate structure generally afforded by the Business Corporations Act (British Columbia).
More information regarding the Resolution and the Meeting can be found in the Management Information Circular of the Company
dated December 10, 2016, available under the Company's profile on SEDAR.
Changfeng Energy Inc.
Changfeng Energy Inc. is a natural gas service provider with operations located throughout the People's Republic of China. The
Company services industrial, commercial and residential customers, providing them with natural gas for heating purposes and fuel
for transportation. The Company has developed a significant natural gas pipeline network as well as urban gas delivery networks,
stations, substations and gas pressure regulating stations in Sanya City and Haitang Bay. Through its network of pipelines, the
Company provides safe and reliable delivery of natural gas to both homes and businesses. The Company is headquartered in Toronto,
Ontario and its shares trade on the Toronto Venture Exchange under the trading symbol "CFY". For more information, please visit
the Company website at www.changfengenergy.com.
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws, including
the proposed continuation of the Company and the intention of the Company to pursue a listing on The Stock Exchange of Hong Kong
Limited. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement.
The forward-looking statements included in this document are made as of the date of this document and the Company disclaims any
intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the
expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will
prove to be correct. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other
factors relating to among other things, Changfeng's inability to obtain The Stock Exchange of Hong Kong Limited's approval of a
listing of the Company's common shares, an adverse change in the capital markets or economic conditions, the occurrence of a
material adverse change in the business, operating results or financial condition of Changfeng, and other factors discussed under
the "Risks and Uncertainties" section of Changfeng's management's discussion and analysis for the fiscal year ended December 31,
2015, which is available on SEDAR at www.sedar.com and on Changfeng's web-site
at www.changfengenergy.com that may cause the actual results,
performance or achievements to differ materially from the anticipated results, performance or achievements or developments
expressed or implied by such forward-looking statements. This news release does not constitute an offer to sell or solicitation
of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.