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ZAAP Charge Inc Appoints Jerry Lai and Arif Shivji as CEO and CFO

ZAAP Charge Inc. (“ZAAP” or the “Company”), an EV charging company building Canada’s most reliable fast EV charging network, is pleased to announce today the appointment of Jerry Lai to the position of Chief Executive Officer, effective December 20 2022 and Arif Shivji to the position of Interim Chief Financial Officer effective December 20 2022.


“Having only been a part of ZAAP since this year and being a part of achieving the recent milestones for the Company, I am honoured to now be leading the organization into the future” says Jerry Lai, Chief Executive Officer of ZAAP Charge Inc. “We want to continue leveraging our incredible network and our industry leading EV chargers to become Canada’s most reliable fast EV charging network. We look forward to continuing to drive success for our most important stakeholders.”


Jerry brings a wealth of expertise in mergers and acquisitions, Strategy, and Operations. His global network and expertise in mergers and acquisitions enabled him to transact a total value of over $500M to date. He is a Managing partner at HMJ Capital which specializes in mergers and acquisitions, IPO / going public in North America, investor relations advisory, and capital restructuring. Prior to HMJ, Jerry worked as VP of Global Asset Management at a global investment bank managing $100M of AUM where he was one of the youngest VPs in history. Before that, he served as an investment banking analyst at UBS AG in Hong Kong.


“We are very excited to have Arif as our interim Chief Financial Officer. He brings over 10 years of experience in senior to CFO roles of various industries to the Company and we are thrilled to work with him as we move forward,” commented Jerry Lai, Chief Executive Officer of ZAAP Charge Inc.


Arif Shivji is a member of the Chartered Professional Accountants of British Columbia and is a CFA charter holder with the Chartered Financial Analyst Institute. He holds a Bachelor of Commerce degree from the University of Calgary and a Masters of Business Administration from the Richard Ivey School of Business. After completing graduate school, Mr. Shivji became Manager of Transaction Services with PwC Advisory where he performed buy-side due diligence on acquisitions in Canada and US in various industries including pharmaceuticals, mining, and manufacturing. In order to get more international deal experience, Arif transferred to the PwC UK office to work on larger transactions, such as FedEx and larger private equity acquisitions.


For more information on ZAAP, please visit www.zaapcharge.com.


ZAAP Charge Inc.


Based in Vancouver, British Columbia, ZAAP Charge Inc is an EV charging company building Canada’s most reliable and most cost-effective fast Electric Vehicle charging network dedicated to all carmakers and EV drivers. By 2035, Canada will require 2.6 million EV charging ports to sustain the projected 13 million EVs on the road. ZAAP aims to support the transition to electric vehicles in Canada by providing access to reliable and cost-effective fast to ultra-fast charging stations across the country.


Forward-Looking Information


This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of ZAAP, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. In this news release, forward-looking statements relate, among other things, to: proposed retail expansion plans and management’s ability to execute on same, overall growth of the Canadian Electric Vehicle charging market and retail opportunities, the award of new operating permits and licenses in various jurisdictions, and the timing and amount of any dispositions of the Company’s common shares. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur. Forward-looking information is based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond ZAAP’s control. Furthermore, any forward looking information with respect to future expansion plans is subject to the qualification that management of ZAAP may decide, and the assumptions that any construction or conversion would not be cost prohibitive, required permits will be obtained and the labour, materials and equipment necessary to complete such construction or conversion will be available. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. ZAAP does not intend, nor undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.


For more information, visit: www.zaapcharge.com


For Inquiries: Jerry Lai Chief Executive Officer info@zaapcharge.com

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