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CF Energy has been awarded “Zero-Carbon Hotel” demonstration project status by the Investment Association of China

CF Energy Corp.

CF Energy Corp.

TORONTO, Aug. 05, 2022 (GLOBE NEWSWIRE) — CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”; together with its subsidiaries, the “Group”), a leading new energy service provider in the People’s Republic of China (the “PRC” or the “China”) is pleased to announce that the company’s Haitang Bay Integrated Smart Energy Project has been awarded as a “Zero-Carbon Hotel” Demonstration Project in 2021 by the Energy Investment Committee of China Association of investment (“EICIAC”). The EICIAC has carefully evaluated 87 selected carbon reduction projects across China and awarded “zero carbon” demonstrative project status in each of ten categories. The final results of the ten “Zero Carbon” demonstration projects were announced during the Carbon Neutrality, Zero Carbon China Summit 2022, on the 5e China International Energy Investment Forum. The EICIAC considered the Haitang Bay Smart Energy Project as a replicable and scalable zero-carbon hotel demonstration project that can help promote the development of green and low-carbon energy in China.

About the China Investment Association (“IAC”)

Established in 2001, the IAC is a national social organization registered as a legal association with the Ministry of Civil Affairs. It is an authoritative organization for promoting investment in China. It is governed by the National Development and Reform Commission. IAC provides services targeting governments, members and other investment entities in accordance with statutes approved by the IAC General Assembly.

About CF Energy Corp. (formerly known as: Changfeng Energy Inc.)

CF Energy Corp. is a Canadian public company listed on the Toronto Venture Exchange (“TSX-V”) under the ticker symbol “CFY”. It is an integrated energy supplier and utility/natural gas distribution company in the PRC. CF Energy strives to combine state-of-the-art clean energy technology with the use of natural gas to provide sustainable energy to its customer base in the PRC.

CONTACT INFORMATION

Corporate investment relations
Investor.relations@changfengenergy.cn

Charles Wang
Executive Assistant to the CEO and Chairman of the Board
zhaoyu.wang@changfengenergy.cn

Frederic Wong
Council Director
fred.wong@changfengenergy.cn

mike liu
VP Capital Markets
mike.liu@changfengenergy.cn

Forward-looking statements

Certain statements contained in this press release constitute forward-looking statements and forward-looking information (collectively, “forward-looking statements”). All statements, other than statements of historical facts, included or incorporated by reference herein are forward-looking statements, including statements regarding activities, events or developments that the Company expects or expects to occur in the future. the future. These forward-looking statements can be identified by the use of forward-looking terms such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, other similar words and/or their negatives. No assurance is given that the plans, intentions or expectations or assumptions on which these forward-looking statements are based will prove to be correct and the forward-looking statements included in this press release should not be relied upon unduly. Although management believes that the expectations described in these forward-looking statements are reasonable, there can be no assurance that such expectations will materialize. Such statements are not a guarantee of performance and involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results, performance or achievements to differ materially from the results, performance or expressed or implied anticipated achievements or developments. by such forward-looking statements. These factors include, but are not limited to, material and continuing adverse changes in general economic conditions or financial market conditions. Readers are cautioned that all forward-looking statements involve risks and uncertainties, including the risks and uncertainties detailed in the Company’s filings with the applicable Canadian securities regulators, copies of which are available at www.sedar. com. The Company urges readers to carefully consider these factors. The forward-looking statements included in this press 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 laws. This press release does not constitute an offer to sell or a solicitation of offers to buy the securities described herein. Therefore, one should not place undue reliance on its contents.

Neither the 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.

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