TORONTO, July 07, 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” ), has recently been advised of the announced policy measures from the State Department and Sanya City (the “Policy Measures”) that aims to stabilize the economy in China. One of the items in the Policy measures recommended that utility companies should allow small and micro enterprises and individual business owners (the “Small Companies”) to delay their utility payments for the six-month period from June 2022 to November 2022 to December 2022 without being charged delaying payment penalties. CF Energy has fully followed the Policy Measures and made appropriate adjustments to the delay gas payment arrangements accordingly. CF Energy has around 415 Small Companies in total as customers that qualify under the Policy Measures. In respect of revenue, for indication purposes, these Small Companies accounted for approximately 38% and 32% respectively of total revenue from commercial customers of the Group for the June to November 2021 and 2020 periods, and approximately 27% and 24% respectively of total revenue from the Group for the June to November 2021 and 2020 periods.
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.
Corporate Investment Relations
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Director of the Board
VP Capital Market
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