VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 12, 2017) - Kaiyue International Inc. (TSX VENTURE:KYU) (the
"Company") is pleased to announce a non-brokered private placement financing of up to $50,000 (the "Private Placement") through
the issuance of up to 1,000,000 common shares of the Company (each, a "Share"), at $0.05 per Share for proceeds of up to $50,000.
All of the Shares issued pursuant to the Private Placement will be subject to a restricted period of four months and one day from
the date of closing.
It is anticipated that subscribers of the Shares in the Private Placement may be related parties of the Company and the
Private Placement may be considered a Related Party Transaction under Policy 5.9 of the TSX Venture Exchange, which incorporate
by reference Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI
61-101"). The Company believes that the Private Placement is exempt from the requirement of having a formal valuation based on
the exemption available under Section 5.5(b) of MI 61-101 because the Shares are not listed on the Toronto Stock Exchange and
other exchanges enumerated therein. The Company believes that the Private Placement is exempt from the requirement of minority
approval based on the exemption available under Section 5.7(1)(b) of MI 61-101 because the Private Placement is a distribution of
securities for cash for not more than $2,500,000 and the Shares are not listed on the Toronto Stock Exchange and other exchanges
enumerated therein.
The Company intends to use the proceeds from the sale of the Shares for its working capital purposes. The Private Placement is
subject to approval from the TSX Venture Exchange.
ON BEHALF OF THE BOARD, KAIYUE INTERNATIONAL INC.
Jin Kuang, Chief Financial Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.