Armada Mercantile Ltd. (CSE Symbol: ARM. USA Symbol: AAMTF) announces that the Growth for Good Acquisition Corporation [NASDAQ: GFGD) (“Growth for Good”), and its Registration Statement on Form S-4, in connection with the previously announced business combination with Zero Nox Inc. (“ZeroNox”), has been declared effective by the Securities and Exchange Commission (the “SEC”). Growth for Good has set August 23, 2023 at 10:00 a.m., Eastern Time for an extraordinary general meeting of shareholders to approve the proposals associated with the business combination.

Armada Mercantile Ltd. currently owns 1,433,000 shares of common stock in ZeroNox. Upon closing of the business combination between ZeroNox and Growth for Good, the combined company will be named “Zero Nox Inc.” and its common stock will be listed on the NASDAQ under the new ticker symbol “ZNOX”.

About ZeroNox: ZeroNox is leading the electrification of off-highway commercial and industrial vehicles, with best-in- class LFP batteries and an electric powertrain platform (“ZEPP”) that is cleaner, high performing, and cost effective. As a first mover in the advanced off-highway electric vehicle (OHEV) powertrain market, ZeroNox is proudly designed and engineered ices in Porterville, California. For more information, visit: https://www.zeronox.com and https://www.linkedin.com/company/zeronox/

For more information pertaining to Armada Mercantile Ltd., visit: www.armadamercantile.com.