TORONTO, Feb. 22, 2018 (GLOBE NEWSWIRE) -- Changfeng Energy Inc., (TSX-V:CFY) (“Changfeng” or the “Company”) an
energy provider in China, is pleased to announce that the controlled subsidiary, Hebei Riheng Clean Energy Ltd. (“Riheng Energy”),
has completed the equipment bidding process for the previously announced three-year natural gas supply contract to a ceramic
manufacturer in Xingtai city. Riheng Energy also began the construction for the related infrastructure; the facilities will
be capable of supplying natural gas by March 1, 2018, while construction is expected to be completed by end of March.
About Changfeng Energy Inc.
Changfeng Energy Inc. is a Canadian public company currently traded on the Toronto Venture Exchange (“TSX-V”)
under the stock symbol “CFY”. It is an integrated energy provider and natural gas distribution company (or natural gas
utility) in the People’s Republic of China. Changfeng strives to combine leading clean energy technology with natural gas usage to
provide sustainable energy to its customer base in the PRC. In 2009, Changfeng was recognized as being one of China’s the Top
Ten Most Influential Brands in the Natural Gas Industry.
CONTACT INFORMATION
Corporate Investment Relations
Investor.relations@changfengenergy.cn
Ann Siyin Lin
VP, Corporate Development
ann.lin@changfengenergy.cn
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements and forward-looking
information (collectively, “Forward-Looking Statements”). All statements, other than statements of historical
fact, included or incorporated by reference in this document are Forward-Looking Statements, including statements regarding
activities, events or developments that the Company expects or anticipates may occur in the future. These Forward-Looking
statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”,
“anticipate”, “believe” or “continue” or similar words or the negative thereof. No assurance can be given that the plans,
intentions or expectations or assumptions upon which these Forward-Looking Statements are based will prove to be correct and such
Forward-Looking Statements included in this news release should not be unduly relied upon.
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 are not a
guarantee of performance and involve known and unknown risks, uncertainties, assumptions and other factors 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. These factors include, without limitation, no significant and
continuing adverse changes in general economic conditions or conditions in the financial markets. Readers are cautioned that all
Forward-Looking Statements involve risks and uncertainties, including those risks and uncertainties detailed in the Corporation’s
filings with applicable Canadian securities regulatory authorities, copies of which are available at www.sedar.com. The Company urges readers to carefully consider those factors.
The Forward-Looking Statements included in this news release 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. 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 TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
