Cancellation of Registration of the Subsidiary in Hong Kong and Scale-Down of the Operations in Shanghai, China

VANCOUVER, British Columbia, June 29, 2017 (GLOBE NEWSWIRE) — First Growth Holdings Ltd. (TSX-V:FGH) (“First Growth” or the “Company”) wishes to announce that, the Company has decided to deregister Jiafeng International Investment Management (H.K.) Co., Limited (the “HK Subsidiary”) for streamlining the structure of the Company. In addition, the Company has decided to terminate the operation and cancel the business registration of Jiayuan International Trade (Shanghai) Co., Limited (the “SH Subsidiary”) due to unfavorable financial situation.

About First Growth Holdings Ltd.

First Growth is a Canadian-based company that identifies and develops strong brands in the Canadian and international markets. First growth’s brands have a global reach in today’s modern world with the rapid adoption of social media and advancements in technology. First Growth recognizes the potential for its brands to penetrate  international markets and will be focused on developing each one of its brands to its fullest potential.

ON BEHALF OF FIRST GROWTH HOLDINGS LTD.:
“Ting Zhao”
Ting Zhao
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

CONTACT: FOR MORE INFORMATION, PLEASE CONTACT:
Corporate Communications
Tel: 778-588-5626
Email: [email protected]

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