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CF Energy Corp. Announces Sanya City Implements Temporary City-Wide “Lock-Down” to Control Covid-19 Spread

·4-min read
CF Energy Corp.
CF Energy Corp.

TORONTO, Aug. 08, 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 “China”) reports that Hainan Provincial Covid-19 Pandemic Control (the “HPCPC”) in Hainan Province, the PRC, has announced the implementation of temporary city-wide “lock-down” measures in Sanya City to control the new increase in reported cases of Covid-19 infections, starting on August 6, 2022. According to the announcement, except in the case of essential social and public services, pandemic control activities and emergency situations, people are asked to stay at home and restrict from engaging in activities outside of their homes in Sanya City. The City’s public transportation services including taxis and ride hailing services, supermarkets, drug stores, other shops, leisure places and restaurants will be temporarily closed. Residents in Hainan Province were asked not to leave the Province unless for necessary reasons and tourists in the Province will have to follow the newly implemented Covid-19 testing protocols before leaving for home.

According to the HPCPC latest news announcement on August 8, 2022, during the period of August 1 to August 7, 2022, the Province reported an aggregate of 982 new Covid-19 cases, with 801 cases in Sanya City. On the same day, the HPCPC also announced that water, electricity and gas providers should set up 24-hour emergency repair service teams to make every effort in ensuring the smooth operation of the City.

The Company’s gas supply and district cooling services in Sanya City are considered as essential services and will remain in operation during the lock-down period but sales are expected to drop as a result of the lock-down.

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

CF Energy Corp. is a Canadian public company trading on the Toronto Venture Exchange (“TSX-V”) under the stock symbol “CFY”. It is an integrated energy provider and natural gas utility/distribution company in the PRC. CF Energy strives to combine leading clean energy technology with natural gas usage to provide sustainable energy for its customer base in the PRC.

CONTACT INFORMATION

Corporate Investment Relations
investor.relations@changfengenergy.cn

Charles Wang
Executive Assistant to CEO & Chair of the Board
zhaoyu.wang@changfengenergy.cn

Frederick Wong
Director of the Board
fred.wong@changfengenergy.cn

Mike Liu
VP Capital Market
mike.liu@changfengenergy.cn

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”, “continue”, other similar words and/or the negatives thereof. No assurance is given that the plans, intentions or expectations or assumptions upon which these forward-looking statements are based will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon. Though management believes that the expectations outlined in such forward-looking statements are reasonable, there can be no assurance that such expectations will materialize. Such-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 deviate materially from the anticipated results, performance or achievements or developments expressed or implied by such forward- looking statements. These factors include, without limitation, 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 these 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 neither constitutes an offer to sell nor a solicitation of offers to buy any of the securities described herein. Accordingly, undue reliance should not be placed on its contents.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.