China Plans to Turn Hainan, Hawaii of China, into the New Hong Kong – What it Means for Changfeng Energy Inc.

By , in PR PR World on .

TORONTO, April 26, 2018 — Changfeng Energy Inc. (TSXV:CFY) (“Changfeng” or the “Company”) updates that in April 2018 the Central Committee of the Communist Party of China and the State Council jointly released the document that unveiled guidelines on supporting the southern island province of Hainan to deepen reform and opening up, with details on turning it into a pilot free trade zone and creating a “free trade port with Chinese characteristics.”  Below are articles from China Daily and South China Morning Post outlining the situation:
China unveils guidelines for deepening Hainan reform, opening up – China Dailyhttp://www.chinadaily.com.cn/a/201804/14/WS5ad1da44a3105cdcf65184b3.htmlWho will win if Hainan, ‘China’s Hawaii,’ follows Macau to become a gambler’s paradise?http://www.scmp.com/news/china/economy/article/2132160/chinas-hawaii-has-gambling-plan-here-are-potential-winnersThe Company believes that this state policy will increase tourism and immigration for Sanya, Hainan, PRC in the future and accordingly the revenues from city gas sales operations in Sanya should continue to increase.  Furthermore, given the outlined efforts to phase out the sale of traditional oil-fueled vehicles in Hainan, Changfeng’s CNG/LNG retail station gas sales is also expected to increase in the future.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
[email protected]
Ann Siyin Lin
VP, Corporate Development
[email protected]
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 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.

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Jasmine Petters

Jasmine Petters

Jasmine hails from the city of Nizams, Hyderabad, and is currently pursuing her M.D. from there only. She is an internet wizard and has keen passion in All Things tech. She is a regular Comment contributor for The Daily Telescope and writes a Web column, in which she covers war, sports, and everything in between.
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