Mr. Sheldon Kales reports

HOPE WELL CAPITAL* ANNOUNCES DIRECTOR/OFFICER RESIGNATION

Hope Well Capital Corp.'s Bill Hong Ye has resigned from the board of directors and from the chief executive officer and chief financial officer positions to focus on other opportunities. Subsequent to his resignation, the board of directors now consists of Sheldon Kales, Pei Wei Ni and Judith Hong Wilkin, and subject to approval of the TSX Venture Exchange, Mr. Kales will take the roles of CEO and CFO of the company, as well as the role of secretary of the company, replacing Judith Hong Wilkin. The company's audit committee has also been reconstituted to comprise Mr. Kales, Mr. Ni and Ms. Wilkin.

About Hope Well Capital Corp.

Hope Well Capital, a capital pool company within the meaning of the policies of the exchange, was incorporated on Dec. 1, 2016, and was listed on the exchange on May 9, 2017. The company does not have any operations and has no assets other than cash. Its business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the exchange.

* Hope Well Capital is in no way affiliated with or related to Hopewell Capital Corp., a separate pre-existing business purportedly engaged in the field of venture capital across Canada, or the Hopewell Group of Companies' multifaceted real estate and logistics group.