CNA

CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) announces
the appointment of Mr. Barry Pearson, CMA as Chief Financial Officer of the
Company effective immediately. Ms. Fify Zeng, the previous CFO resigned her
position. Based in Calgary, Alberta, Mr. Pearson has been a director of the
Company since its inception and was CFO from June 2008 through May 2011.


The Company also reports that the first shipment of 6,000 units of its new
Hyundai models H300 and Q800 to the Philippines has been completely sold out
during the holiday season. The Company is currently negotiating additional
shipments to meet the demand.


The Company will continue to develop new models of Hyundai phones and seek
revolutionary mobile technologies, market expertise and capital to support its
growth.


About Hyundai Corporation 

Hyundai Corporation is one of Korea's leading companies involving in a wide
range of businesses including steel, heavy machinery, ships, automobiles,
electronics and basic commodities. It is also working with select partners to
bring Hyundai-branded electronics and other consumer products to households
worldwide, and has seen remarkable growth in the sale of mobile phones, digital
cameras and home audio/video systems. Hyundai Corporation has many years of
experience in global trade, solid financing capabilities, and unparalleled
regional and local expertise through its network worldwide.
(www.hyundaicorp.com)


About CanAsia 

CanAsia is an Alberta registered company listed on the TSXV. Through its
subsidiary, Pacific Mobile, it engages in the business of original design,
manufacture and distribution of Hyundai brand mobile phones for the Philippines
and components of mobile camera modules to leading mobile phone and computer
makers in China. It is one of the six independent mobile camera module
manufacturers in China producing high resolution camera modules higher than 3
million pixels. Pacific has an in-house Class-100 Clean Room facility which is
required for state of the art Chip on Board and Chip of Flex technological
applications. CanAsia has offices in Canada, Hong Kong, China and the
Philippines, with a total staff of approximately 135. (www.canasiafinancial.com)


Forward-looking statements: 

This press release may contain forward-looking statements about certain of the
Company's current plans, goals and expectations relating to future sales of cell
phones and financial conditions, performance, results, strategy and objectives.
Statements containing the words: 'believes', 'intends', 'expects', 'plans',
'seeks' and 'anticipates' and any other words of similar meaning are
forward-looking. All forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances beyond the Company's
control. As a result, the Company's actual financial condition, performance and
results may differ materially from the plans, goals and expectations set out in
the forward-looking statements. Any forward-looking statements are made as of
the date of this release and, other than as required by applicable securities
laws, the Company does not assume any obligation to update or revise them to
reflect new events or circumstances.

CanAsia Financial Inc. (TSXV:CNA)
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CanAsia Financial Inc. (TSXV:CNA)
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