TPFG Environment Investment Limited Announces Disposition of Shares of Biorem Inc.

Shanghai, China--(Newsfile Corp. - December 7, 2021) - In accordance with regulatory requirements, TPFG Environment Investment Limited announces that it has disposed of 23,434,121 common shares ("Shares") of Biorem Inc. (the "Issuer"), a clean technology company listed on the TSXV to the Issuer.

Immediately prior to the disposition of securities described in this news release, TPFG owned or controlled 23,434,121 Shares representing an approximate 60.6% interest in the Issuer. Immediately following the transaction that triggered the requirement to file this news release, TPFG no longer owns any shares in the Issuer.

TPFG disposed of the Shares of the Issuer for the purposes of liquidating its entire position in the Issuer in one transaction.

This press release is being issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by TPFG.

For further details relating to the disposition, please see the Report, a copy of which is available on the Issuers profile on SEDAR at www.sedar.com^[1].

FOR FURTHER INFORMATION PLEASE CONTACT:TPFG Environment Investment LimitedXuzhi FangT: 86-18089251511E: fangxz@tusholdings.com^[2]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106963^[3]