Symax Lift (Holding) Co. Ltd. Wins New Contracts Worth $5.5 Million

Symax Lift (Holdings) Co. Ltd. (TSX VENTURE:SYL) ("Symax" or the "Company"), a
developer and manufacturer of elevators, escalators and chairlifts with a
manufacturing base in China, is pleased to announce that it has won three big
new contracts to supply, install and service Dingtai and Green elevators.


The three contracts represent approximately $5.50 million in revenues and
deliveries are expected to be completed by the end of March 2014. All of these
contracts are for domestic housing projects in eastern and southwestern China
and include sales of both the Dingtai and the Green elevator models.


"We are proud of achieving remarkable sales performances in this summer. These
large contracts involve sales of both our key elevator products to
government-funded housing projects as well as private housing developments,"
said Ms. Sabrina Zhang, CEO of Symax. "These contracts again indicate the
resilience of the demand for elevators in China."


About Symax Lift Holdings 

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; 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 customized elevator products.


This news release contains certain statements that may be deemed
"forward-looking statements". Forward-looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects,", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although the Company believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward-looking
statements. Forward-looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are made. The
Company undertakes no obligation to update these forward-looking statements,
except as required by law, in the event that management's beliefs, estimates or
opinions, or other factors, should change. 


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Skyone International Securities Corporation
Michael Zheng
416.268.6178
[e-mail]


Symax Lift (Holdings) Co. Ltd.
Mary Ma
604.277.6678
[e-mail]