Mr. James Louie reports

Sicheng Zhang of Beijing, People's Republic of China, has directly acquired 24 million preferred shares, Series B, of CanAsia Financial Inc. Each Series B preferred share is convertible into one common share of the issuer at no additional cost to the holder for a period of five years from the date the issuer completed its qualifying transaction, which occurred on Nov. 25, 2010.

On Nov. 25, 2015, Mr. Zhang converted all of his Series B preferred shares into common shares.

Prior to the acquisition, Mr. Zhang owned five million common shares, 15 million preferred shares, Series C, of the issuer and 7.5 million share purchase warrants of the issuer. Mr. Zhang now beneficially owns, controls or has direction over, directly, 29 million common shares, representing 29.54 per cent of the issued and outstanding common shares, 15 million Series C preferred shares and 7.5 million warrants. Assuming the conversion of the Series C preferred shares and exercise of the warrants owned by Mr. Zhang, he will own 51.5 million common shares, representing 42.68 per cent of the issued and outstanding common shares.

Mr. Zhang intends to evaluate these holdings, and to increase or decrease his investment in the issuer as circumstances warrant.

A report respecting this acquisition will be filed with the applicable securities commissions using the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) and will be available for viewing on the issuer's profile.

This press release is issued pursuant to Multilateral Instrument 62-104 -- Take-Over Bids and Issuer Bids and National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.