Symax Lift (Holdings) Co. Ltd. (TSX VENTURE:SYL) ("Symax" or the "Company") is
pleased to announce that it has won four big new contracts to supply, install
and service over 100 elevators and several moving walkways.


The four contracts represent approximately $4.4 million in revenues and
deliveries are expected before the end of September 2012. These contracts
include sales of the Dingtai and the new Green elevator models for domestic
housing projects in Wuxi, Shanghai and Wuhan.


"We are pleased to announce these contracts which included sales of both our
Dingtai and Green elevator products to government as well as private housing
projects," stated Ms. Sabrina Zhang, CEO of Symax. "These contracts represent
the resilience of the demand for elevators in China in particular in the sectors
of Government housing and tier 2 and 3 city residential developments."


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.