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News Article | October 28, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Oct. 25, 2016) - Changfeng Energy Inc. (TSX VENTURE:CFY) ("Changfeng" or the "Company"), an energy service provider in China, announced today that Sanya Changfeng Offshore Natural Gas Distribution Co., Ltd., a wholly-owned subsidiary of Changfeng, sold the Company's indirect interest in Caofeidian Evergrowth Energy Co., Ltd. ("Evergrowth" or the "Joint Venture"), which was established by Changfeng and Tangshan Caofeidian Development Investment Group Co., Ltd. ("CFD Group") in 2015 to China Overseas Smart City Co., Ltd. ("COMC") on October 17, 2016, pursuant to an agreement dated September 29, 2016. CFD Group has also agreed to sell its interest in the Joint Venture to COMC. The purchase price for the Joint Venture was satisfied through a cash payment of approximately RMB $13.0 million (CAD$2.6 million) by COMC to Changfeng, with the purchase price having been based on the assessment of the net asset value of the Joint Venture as at August 31, 2016 by an independent valuator appointed by COMC. The registered capital of the Joint Venture is currently RMB 200 million (approximately CAD$41 million). Changfeng and CFD Group each owned 50% of the Joint Venture. RMB 40 million of the registered capital had previously been contributed to the Joint Venture by Changfeng and CFD Group. The remaining RMB 160 million of registered capital is required to be contributed within 10 years of incorporation. Pursuant to the Agreement, COMC has assumed Changfeng's and CFD Group's responsibility for the remaining RMB 160 million of uncontributed registered capital. Changfeng expects to realize an investment loss (including Changfeng's share of the loss of the Joint Venture) of approximately CAD$1.3 million (before giving effect to any adjustments resulting from foreign currency translation) on the Joint Venture in 2016. Changfeng had also previously loaned RMB $2 million to a subsidiary of the Joint Venture and expects to recognize an impairment loss of RMB $2 million (CAD$402,000) in its financial statements with respect to this loan. Changfeng Energy Inc. is a natural gas service provider with operations located throughout the People's Republic of China. The Company services industrial, commercial and residential customers, providing them with natural gas for heating purposes and fuel for transportation. The Company has developed a significant natural gas pipeline network as well as urban gas delivery networks, stations, substations and gas pressure regulating stations in Sanya City & Haitang Bay. Through its network of pipelines, the Company provides safe and reliable delivery of natural gas to both homes and businesses. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Venture Exchange under the trading symbol "CFY". For more information, please visit the Company website at www.changfengenergy.com. Information set forth in this news release may involve forward-looking statements under applicable securities laws, including the expected investment loss and impairment loss on the disposition of the Joint Venture to CMOC. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document 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. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


Chen L.,Tangshan Caofeidian Development Investment Group Co. | Cui W.-P.,Tangshan Caofeidian Development Investment Group Co. | Duan P.,Wuhan University of Technology | Chen W.,Wuhan University of Technology
Wuhan Ligong Daxue Xuebao/Journal of Wuhan University of Technology | Year: 2013

Dissolution model of cement clinker minerals was set up based on simulation theory of geochemical reaction equilibrium, PHREEQC simulation software provided by United States Geological Survey (USGS) was employed to investigate effects of various ions, pH, temperature, ionic strength on dissolution of minerals. The results show that the temperature, pH, ionic strength, common-ion effect and varied ions have significant effects on dissolution equilibrium of the minerals. Specifically, Na+, Cl- and K+ present little effects on clinker minerals, however, Mg2+, SO4 2- and Ca2+ have significant effects on dissolution equilibrium of the minerals. Dissolution of C3S and C2S accelerated with increasing Na+. Gypsum contributes to the increase of SI of clinker minerals except for C3A. Equilibrium constant increases and SI decreases with increasing temperature. Equilibrium constant and SI decrease with increasing pH.


Xu X.,Wuhan University of Technology | Sun C.,Wuhan University of Technology | Sun C.,Tangshan Caofeidian Development Investment Group Co. | Chen X.,Wuhan University of Technology | And 2 more authors.
Advanced Materials Research | Year: 2012

This paper reports result of a study conducted to evaluate the aging properties of isobutyl triethoxysilane coating used in marine concrete. The silicone coating was brushed to the surface of mortar specimens and the aging properties of the silicone coating were investigated by thermal aging and ultraviolet (UV) aging. The water absorption of the mortar specimens applied with the silicone coating increases with the extension of the aging time. And the higher aging temperature, the bigger the water absorption. Because of the combined effect of light and heat, water absorption of specimens after UV aging at 60 °C is larger than that after thermal aging in the same temperature. In addition, noticeable variation in aging properties of the same silicone coating by different manufacturers is noted. © (2012) Trans Tech Publications.


Xiong X.,Tangshan Caofeidian Development Investment Group Co.
Proceedings of 2011 International Conference on Computer Science and Network Technology, ICCSNT 2011 | Year: 2011

With the development of the computer technology, the monitoring and controlling system is getting more and more important in central heating. Taking the central heating of Caofeidian for example, this paper introduces the structure, feature and function of monitoring and controlling system in central heating. The network constitute of remote monitoring controlling system of the central heating described in detail and the realization of communication. The result of operation indicates that the system is stable, and offers high regulation accuracy and is easily operated, which meets the requirements of long-term stable operation of remote monitoring. © 2011 IEEE.


Zhang B.,Tangshan Caofeidian Development Investment Group Co. | Gao X.,Tangshan Caofeidian Development Investment Group Co. | Xiong X.,Tangshan Electrical Vehicle RandD Ltd | Wang X.,Tangshan Electrical Vehicle RandD Ltd | Yang H.,Tangshan Electrical Vehicle RandD Ltd
Proceedings - 8th International Conference on Future Generation Communication and Networking, FGCN 2014 | Year: 2014

The actual driving data of Dalian city is collected by GPS devices and divided into kinematics sequences. After characteristic parameters of the kinematics sequences are calculated, this paper makes component analysis and cluster analysis to extract the representative driving data. The driving cycle of Dalian is constructed based on the analysis result of the representative driving data. The driving cycle of Dalian is compared with the driving cycles of Zhuzhou city and Chinese typical city. Comparison result shows that Dalian driving cycle is crowded. © 2014 IEEE.


Gao X.,Tangshan Caofeidian Development Investment Group Co. | Zhang B.,Tangshan Caofeidian Development Investment Group Co. | Xiong X.,Tangshan Electrical Vehicle R and D Ltd | Dong M.,Tangshan Electrical Vehicle R and D Ltd | Li H.,Tangshan Electrical Vehicle R and D Ltd
International Journal of Control and Automation | Year: 2015

The actual driving data of Dalian city is collected by GPS devices and divided into kinematics sequences. After characteristic parameters of the kinematics sequences are calculated, this paper makes component analysis and cluster analysis to extract the representative driving data. The driving cycle of Dalian is constructed based on the analysis result of the representative driving data. The driving cycle of Dalian is compared with the driving cycles of Zhuzhou city and Chinese typical city. Comparison result shows that Dalian driving cycle is crowded. © 2015 SERSC.

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