Changfeng Announces First Haitang Bay Integrated Smart Energy Client

TORONTO, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Changfeng Energy Inc., (TSXV: CFY) ("Changfeng" or the "Company"), an energy provider in China, is pleased to announce that Changfeng's 50% owned joint venture company with the EDF Group, EDF Changfeng (Sanya) Energy Co Ltd., the Haitang Bay Integrated Smart Energy project company ("EDF Changfeng"), has achieved a new milestone of procuring its first client, the Sanya Haitang Bay Edition Hotel (the "Edition Hotel") following the signing of a centralized cooling service contract (the "Contract") with the Edition Hotel. The Contract outlines the supply of cooling by EDF Changfeng to the  Edition Hotel for a term of one year subject to renewal, at a fixed cooling capacity of 4109 kWr per year. The contract further stipulates that the commencement date for supplying cooling will be subject to construction progress of the first energy station. Construction of the energy station is delayed as more time is needed for the land procurement of the site of the energy station. The Sanya municipal government continues to work towards completing the above land procurement.

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.

About EDF Group

A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the EDF Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The EDF Group is involved in supplying energy and services to approximately 35.1 million customers. The EDF Group generated consolidated sales of EUR 69.6 billion in 2017. The EDF Group is listed on the Paris Stock Exchange.

CONTACT INFORMATION

Corporate Investment Relations
[email protected]

Ann Siyin Lin
VP, Corporate Development
Tel: +1 (416) 362 5032
[email protected]

EDF Group
Press Office
[email protected]

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.

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