Cinaport Acquisition Corp. III Announces Suspension in Trading of Shares

Toronto, Ontario--(Newsfile Corp. - November 20, 2020) - Cinaport Acquisition Corp. III (TSXV: CAC.P) (the "Company"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSX-V"), today announced that effective at the market open on November 27, 2020 trading of the common shares of the Company (the "Shares") will be halted by the TSX Venture Exchange (the "Exchange"), and effective at the market open on December 1, 2020, the Exchange will be suspending trading of the Shares as a result of the Company not completing a Qualifying Transaction (as such term is defined in the policies of the Exchange) within 24 months of the date of listing. The Company will continue its efforts to complete a Qualifying Transaction in accordance with the policies of the Exchange and will provide further updates in due course.

Disclaimer for Forward-Looking Information

This news release contains statements about the Company's expectations regarding any proposed future Qualifying Transaction of the Company which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward looking statements or information, except as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) has reviewed or accepts responsibility for the adequacy or accuracy of this press release.

For more information, please contact:

Avi GrewalChief Executive OfficerPhone: (416) 213-8118 Ext. 210E-mail: agrewal@cinaport.com^[1]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68652^[2]