CF Energy Retains Oak Hill Financial to Provide Investor Relations Services

TORONTO, March 04, 2021 (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 “China”), is pleased to announce that it has retained Oak Hill Financial Inc. (“Oak Hill”) to provide investor relations services to the Company in compliance with regulatory guidelines.
Oak Hill is a leading investor and financial advisory firm specializing in small cap companies. Oak Hill will increase awareness about CF Energy through its established relationships with investment professionals, investment advisors, and money managers focused on the small- and micro-cap market space. This will allow the Company to build and maintain an informed investor audience in the Canadian marketplace.Oak Hill will receive C$7,000 per month during the initial three-month term of the agreement. The Company has also agreed to a one-time grant of 150,000 stock options (the “Options“). The Options shall be granted to Oak Hill on the date that is three trading days following the day of the release of the Company’s annual results for the year ended December 31, 2020 (the “Grant Date”) and the exercise price of the Options shall be the market price of the Company’s shares on the trading day immediately prior to the Grant Date. The Options will be subject to the terms of the Company’s stock option plan and will vest in accordance with the provisions therein and the policies of the TSX-V. The Options will be exercisable for a period of 18 months following the Grant Date.Oak Hill currently has no direct or indirect interest in the securities of CF Energy, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced Options.The appointment of Oak Hill as an investor relations consultant of CF Energy and the granting of the Options remains subject to regulatory acceptance of applicable filings with the TSXV.About CF Energy Corp. (formerly known as Changfeng Energy Limited)CF Energy Corp. 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 PRC. CF Energy strives to combine leading clean energy technology with natural gas usage to provide sustainable energy to its customer base in the PRC.For further information about CF Energy, please contact:Corporate Investment Relations
investor.relations@changfengenergy.cnCharles Wang
Executive Assistant to CEO & Chair of the Board
zhaoyu.wang@changfengenergy.cnFrederick Wong
Director of the Board
fred.wong@changfengenergy.cnMike Liu
VP Capital Markets
mike.liu@changfengenergy.cnNeither 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 news release.Forward-Looking StatementsCertain 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 Company’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.