Mr. Rong Yuan reports

CASCADIA CONSUMER ELECTRONICS ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Cascadia Consumer Electronics Corp. has completed a private placement of 10,951,400 units at a price of 7.5 cents per unit for gross proceeds of $821,355. Each unit consists of one common share of the company and one non-transferable common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at a price of 10 cents per warrant share for a period of five years from the closing of the financing.

All securities issued in connection with the financing are subject to a statutory hold period expiring four months and one day after the closing of the financing.

The proceeds of the financing are expected to be used by the company toward general working capital and to explore business opportunities.

We seek Safe Harbor.