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Ponderous Panda Capital Corp. Announces Resignation of Rodney W. Reum as Director and CFO and Nicolette A. Keith as Director, and Appoints Yu Cheung (Mike) Kao as CFO



Vancouver, British Columbia - TheNewswire - July 15, 2019 - Ponderous Panda Capital Corp. (TSXV:PPCC.P) or the "Company", a capital pool company, announces that Rodney W. Reum has resigned as a Director and as CFO of the Company, and Nicolette A. Keith has resigned as a Director of the Company effective July 11, 2019.

The Company wishes to thank Mr. Reum and Ms. Keith for their contribution to the Company. The Company has appointed Yu Cheung (Mike) Kao, currently a Director of the Company, as CFO of the Company.

Other Information and Updates

PPCC will continue to provide further details in respect of any proposed qualifying transaction, in due course, by way of news releases.

About Ponderous Panda Capital Corp.

The Company is a capital pool company ("CPC") within the meaning of the policies of the TSX Venture Exchange. The Company has not commenced operations and has no assets other than cash. The Company proposes to identify and evaluate business and assets with a view to completing a "Qualifying Transaction" under the TSX Venture Exchange Policy 2.4 - Capital Pool Companies.

For further information contact:

David W. Smalley, President and CEO

Telephone: (604) 684-4535

Investors are cautioned that trading in the securities of a CPC should be considered highly speculative.

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