Symax Lift (Holdings) Co. Ltd. Announces Incorporation of New Subsidiary and Termination of Investor Relations Agreement with...

Symax Lift (Holdings) Co. Ltd. (TSX VENTURE:SYL) ("Symax" or the "Company"), is
pleased to announce that it has incorporated a new subsidiary, Symax Stairlift
Co., Ltd., under the British Columbia Business Corporations Act. This new
subsidiary has been incorporated for the purpose of: (i) designing and
manufacturing, directly or indirectly through Symax affiliates, chairlift
technology and related products for installation on stairs to assist individuals
with mobility limitations to move between floors (the "Chairlift Technology"),
and other elevator products or components as desired by the Company; (ii)
worldwide marketing and selling, directly or through Symax affiliates, of
Chairlift Technology products ("Chairlift Technology Related Products") and
other elevator products or components as desired by the Company, and; (iii)
providing after-sales services to global markets, directly or through Symax
affiliates, with respect to the Chairlift Technology Related Products and any
other elevator products or components as desired by the Company. 


In addition, the Company announces that it has terminated its consulting
agreement with EWC Corporation ("EWC"), which agreement was previously announced
on March 8, 2012, in connection with the delivery of marketing, investor
relations and corporate finance services. 


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Symax Lift (Holdings) Co. Ltd.
Mary Ma
CFO
604-601-8224
[e-mail]
www.symax.ca