VANCOUVER, BC / ACCESSWIRE / December 19, 2018 / HooXi Network Inc.("HooXi" or the "Company") (TSXV:
HXI) announces that the TSX Venture Exchange ("TSXV") has approved the Company's Notice of Intention to Make a Normal
Course Issuer Bid ("NCIB").Pursuant to the NCIB, HooXi may, if considered advisable, purchase for cancellation through the
facilities of the TSXV and/or permitted alternative trading systems, from time to time over the next 12 months, up to an aggregate
of 859,672 of its issued and outstanding common shares (each, a "Common Share"), being 5% of the issued and outstanding Common
Shares as of December 18, 2018.
HooXi may commence purchases of Common Shares under the NCIB on or about December 21, 2018, and the NCIB will remain in effect
until the earlier of: (i) December 18, 2019, (ii) the date upon which HooXi acquires the maximum number of Common Shares permitted
under the NCIB, or (iii) the date upon which HooXi provides written notice of termination of the NCIB to the TSXV.HooXi may not
purchase more than 2% of the issued and outstanding Common Shares during any 30-day period, which as at December 18, 2018,
represented 343,868 Common Shares.
Purchases of Common Shares under the NCIB will be made by Kernaghan & Partners Ltd ("Kernaghan") based on the parameters
prescribed by the TSXV, applicable Canadian securities laws and the terms of the written agreement to be entered into between
Kernaghan and HooXi.All Common Shares acquired by the Company under the NCIB will be cancelled.
The Company believes that, from time to time, the market price of its common shares does not adequately reflect the Company's
underlying value and future prospects and that, at such times, the purchase of the Company's common shares represents an
appropriate and desirable use of the Company's corporate funds and will enhance shareholder value and be in the best interests of
the Company.
About HooXi Network Inc.
HooXi Network is a diversified healthcare and medical digital, green and clean technology active in global strategic
partnerships and in-licensing of technologies and assets for rapid growth and high value solutions.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The information contained herein is not an offer to buy or sell, nor is it a solicitation of an offer to buy or sell, any
security of the Company.The Company's securities have not been and will not be registered under the applicable securities laws of
the United States or any other jurisdiction.None of the U.S.Securities and Exchange Commission, any U.S.state securities commission
or any other governmental body or self-regulatory organization has approved or disapproved the Securities, nor have they passed
upon or endorsed the merits of the securities.Any representation to the contrary is a criminal offence in the United States.
Forward Looking Statements:
Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding
future events of management of HooXi. This information and these statements, referred to herein as "forward‐looking statements”,
are not historical facts, are made as of the date of this news release and include without limitation, statements regarding
discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to
the Company's outlook and prospects and the Company's best interests and use of funds.These statements generally can be identified
by use of forward-looking terms such as "may”, "will”, "expect”, "estimate”, "anticipate”, "intends”, "believe” or "continue” or
the negative thereof or similar variations.These forward‐looking statements involve numerous risks and uncertainties and actual
results might differ materially from results anticipated in any forward-looking statements.HooXi does not assume any obligation to
update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward
looking-statements, other than as required by applicable securities laws.
For further information, please contact:
Alan Tam, CPA, CA
CFO, HooXi Network Inc.
(604)377-7575
or
Norman Tsui, CPA, CA, MSc.
President and Director, HooXi Network Inc.
norman@hooxinetwork.com
SOURCE: HooXi Network Inc.
