Mr. Avi Grewal reports

CINAPORT ACQUISITION CORP. III ANNOUNCES RESIGNATION OF DIRECTOR

Cinaport Acquisition Corp. III has accepted the resignation of Patrick Ryan as a director and chair of the company's audit committee. The board of directors of the company has appointed Don Wright, chairman of the company, to act as chair of the audit committee. Management and the board thank Mr. Ryan for his services and contributions to the company.