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Hanwei will migrate its listing from the Toronto Stock Exchange to NEX

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VANCOUVER, British Columbia, June 23, 2022 (GLOBE NEWSWIRE) Hanwei Energy Services Corp. (TSX: HE) (Hanwei or the Company), announces that it has received approval to list its common shares on the NEX listing of the TSX Venture Exchange (NEX), having satisfied the customary listing requirements of NEX, including the filing of all required documents. The company’s common shares will voluntarily be delisted from the Toronto Stock Exchange (TSX) effective at the close of trading on June 27, 2022 and will begin trading on NEX on June 28, 2022.

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The decision to voluntarily delist the company’s common shares from the TSX and list them on NEX was made by Hanwei’s board of directors following the sale of the company’s business and the cessation of operations, as NEX provides listings for inactive issuers and provides a cost-effective solution for the Company to maintain a listing of its common stock on another acceptable market.

About Hanwei Energy Services Corp.

Hanwei’s core business is the identification and evaluation of assets or businesses for future merger and acquisition after the sale of its oil and gas business and FRP pipe business.

For more information please contact:

Marie Ma
Financial director
604-685-2239
[email protected]

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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.

FORWARD-LOOKING INFORMATION AND NON-GAAP MEASURES

Certain information contained in this press release is forward-looking within the meaning of certain securities laws and is subject to important risks, uncertainties and assumptions, a description of which is set forth in the risk factors section of the company’s annual information form dated June 24, 2021 and MD&A for the fiscal year ended March 31, 2021, both filed with Canadian securities regulators and available on SEDAR at www.sedar.com. The forward-looking information contained in this press release describes the Company’s expectations as of the date of this press release.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE PRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT ATTACK UNBIDDEN IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY ON SUCH INFORMATION AS OF ANY OTHER DATE. ALTHOUGH THE COMPANY MAY CHOOSE TO DO SO, THE COMPANY DOES NOT OBLIGATE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, EXCEPT AS REQUIRED BY APPLICABLE SECURITIES LAW.

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