(TheNewswire)
V ancouver , BC - TheNewswire - December 20 , 2022 - Astron Connect Inc. (TSXV:AST) (“Astron” or the “Company”) is pleased to announce the appointment of a newDirector and Audit Committee member of the Board of Directors.
Fei Chu has decided to resign from her position as aDirector and an Audit Committee Member to pursue other endeavourseffective on December 20, 2022. The Board hasdecided to appoint (Lewis) Hai Xing as a Director and an AuditCommittee Member of Astron.
Mr. Xing has extensive business experiences andconnections in China and will be able to bring more businessopportunities in the Chinese and Asia markets.
The Board is supportive of these moves, and we believe the changes will help with the strategic and operational issues thathave challenged the Company as a result of the impact ofCovid-19 and other geopolitical issues.
The Board would like to welcome (Lewis) Hai Xing to ourBoard of Directors and thank Fei Chu, for her hard work and dedicationto the company. We wish her all the best with her future endeavours. The Board looks forward to thenew strategic direction for the Company, As aresult of management changes and the new Board members
ABOUT ASTRON CONNECT
Astron Connect (TSX-V:AST) helps Canadian enterprises in the food and beverage industry break through the noise and bring theirproducts to new international markets in the emerging world. Astron Connect brings Canadian food and beverage companies to the world through its extensive connections and export logistics capabilities in China and emerging markets. Manna Water and
Sachiel Water (both Astron brands) supply China and other emerging markets with pure Canadian
bottled spring water. For more information, visit www.astronconnect.com .
For more information, please contact:
S. Randall Smallbone Chairman of the Board AstronConnect Inc. randalls@astronconnect.com
Notice regardingforward looking statements:
This press release may contain “forward-looking information”within the meaning of applicable Canadian securities legislation. Allstatements, other than statements of historical fact, included hereinmay be forward-looking information. Generally, forward-lookinginformation may be identified by the use of forward-lookingterminology such as “plans” “expects” or “does notexpect”, “proposed”, “is expected”, “estimates”,“forecasts”, “intends”, “anticipates” or “does notanticipate”, or “believes”, or variations of such words andphrases, or by the use of words or phrases which state that certainactions, events or results may, could, would, or might occur or beachieved. This forward-looking information reflects the currentbeliefs of Astron and is based on information currently available toAstron and on assumptions Astron believes are reasonable. Theseassumptions include, but are not limited to, management’sassumptions about receiving TSXV acceptance of the Transaction asconstituting Astron’s “qualifying transaction”.
Forward-looking information is subject to known and unknown risks,uncertainties and other factors that may cause the actual results,level of activity, performance or achievements of Astron to bematerially different from those expressed or implied by suchforward-looking information. Although Astron has attempted to identifyimportant factors that could cause actual results to differ materiallyfrom those contained in forward-looking information, there may beother factors that cause results not to be as anticipated, estimatedor intended. Accordingly, readers should not place undue reliance onforward- looking information as there can be no assurance that theplans, intentions or expectations upon which they are placed willoccur. Such information, although considered reasonable by managementat the time of preparation, may prove to be incorrect and actualresults may differ materially from those anticipated.
Forward-looking statements contained in this press release areexpressly qualified by this cautionary
statement.
The forward-looking statements contained in this press releaserepresent the expectations of Astron as of the date of this pressrelease and, accordingly, are subject to change after such date.However, Astron expressly disclaims any intention or obligation toupdate or revise any forward-looking statements, whether as a resultof new information, future events or otherwise, except as expresslyrequired by applicable securities law.
Investors are cautioned that, exceptas disclosed in the filing statement prepared in connection with the Transaction, anyinformation released or received with respect to the Transactionmay not be accurate orcomplete and should not be relied upon. Trading in the securities of acapital pool company should be considered highly speculative.
The TSX Venture Exchange has in no way passed on the merits of the Transaction and has neither approved nor disapproved the contents of this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility of theadequacy or accuracy of this press release.
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