Symax Lift (Holding) Co. Ltd. Announces New Chief Financial Officer

   Symax Lift (Holding) Co. Ltd. ("Symax" or the "Company") (TSX VENTURE: SYL), is pleased to announce that Xiao Qin (Mary) Ma, the current Corporate Secretary and a Director of Symax, has been appointed as the Company's Interim Chief Financial Officer effective as of January 1, 2011.

Effective as of December 31, 2010, Mr. Ian Fodie resigned as Chief Financial Officer of the Company. The Company wishes to thank Mr. Fodie for his contribution to Symax and wishes him the very best in his future endeavors.

About the Company

Symax is in the business of the development, manufacturing, and sale of elevators, as well as the provision of after-sales services in China and worldwide. Symax's products and services are classified into two separate offerings: first, a main line of standardized products which include passenger elevators, goods/freight elevators, villa elevators, panorama elevators, hospital elevators, residential and commercial escalators and moving walkways; and, secondly, customized elevator products.

The Exchange has in no way passed upon the merits of the proposed Qualifying Transaction and has neither approved nor disapproved the contents of this news release.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Symax Lift (Holding) Co. Ltd. Ming (Barry) Sheng [phone] [e-mail]