Alpha Peak Provides Corporate Update

(TheNewswire)

VANCOUVER, BC – TheNewswire - August 17, 2020 - Alpha Peak Leisure Inc. (“Alpha Peak” or the “Company”) (NEX:AAP.H) (TSXV:AAP) announces that Mr. James Jianmin Qin, Mr. Kevin Wei, Mr. Ziqiang Liu and Mr. Jin Ren have resigned from the board of directors of the Company. Following the resignation of them, the directors of the Company are Yuxiu Zhao, Dennis Chi Wai Tam and Pennie Baihan Zong. The Company’s Chairperson, Ms. Yuxiu Zhao, would like to thank them for all of their contributions to the Company.

For more information, please contact:

Liu Bing, CFO

Telephone: (852) 3959 8553

Email: [email protected]

Neither the NEX, the TSX Venture Exchange nor its Regulation Services Provider (as that term

is defined in the policies of the TSX Venture Exchange and NEX) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

Except for statements of historical fact contained herein, information in this press release may constitute

“forward-looking information” within the meaning of Canadian securities laws. Other than statements of

historical fact, all statements that involve various known and unknown risks, uncertainties and other factors

are “forward-looking statements”, including with respect to the financial condition and status of Alpha Peak

after the Transaction. There can be no assurance that such statements will prove accurate.

Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Alpha Peak in light of management’s experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, including, without limitation, the risk factors set out in the Circular, and undue reliance should not be placed on such statements and information. Except as otherwise required by applicable law, Alpha Peak expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise.

Copyright (c) 2020 TheNewswire - All rights reserved.

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