Symax Lift (Holding) Co. Ltd. Signed CAD$1.8 Million Contract

Symax Lift (Holding) Co. Ltd. ("Symax") (TSX VENTURE:SYL), an assembler and
manufacturer of elevators and escalators, has entered into a contract with
Qinghai Jin De Yuan Property Development Co, Ltd to manufacture 56 elevators,
valued at CAD$1.83 million (RMB 11.96 million) for a commercial development
project in Qinghai Province, China.


Delivery will commence in March, 2011 and be completed by April, 2011.

"We are honored to be the supplier of choice for Qinghai Jin De Yuan Property
Development Co, Ltd. on this project and look forward to developing a longer
term working relationship with them in the months to come," said Xiaoyan
(Sabrina) Zhang, Symax's Chief Executive Officer.


About Symax Lift (Holding) Co. Ltd.

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.