China Keli Electric Co. Ltd.

April 22, 2016 20:00 ET

China Keli Announces Establishment of a Special Committee

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 22, 2016) - China Keli Electric Co. Ltd. (TSX VENTURE:ZKL) ("Keli" or the "Company") today announced that, pursuant to its News Release of March 28, 2016 wherein it announced that it had received a non-binding letter of intent (the "Non-Binding Offer") from 1062560 B.C. Ltd., a corporation controlled by the Company's chairperson, Ms. Sou Wa Wong, to take the Company private by way of amalgamation, the Company has established a special committee (the "Committee") to consider the Non-Binding Offer and conduct further negotiations with 1062560 B.C. Ltd.

The Committee consists of Chaoran (Felicia) Tsui, Jianwen Wu and Yan Zhang.

About China Keli Electric Co. Ltd.

China Keli Electric Co. Ltd. specializes in the manufacturing and installation of electrical components and equipment, including pre-assembled mini substations, electrical controllers, pressurized and vacuumed switchgears and circuit breakers.

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 press release.

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Keli's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars unless noted otherwise.

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