SYL

Symax Lift Holding Co. Ltd. ("Symax" or the "Company") (TSX VENTURE: SYL), an assembler and manufacturer of elevators and escalators, today announced that its 84,000 square feet Storage and Transportation Center in Wuxi, China, has been completed and is now fully operational.

"The new storage and transportation center will accommodate the Company's growing need for storage, packing and loading facilities for its products, and compliment the Company's existing 105,000 square feet Production Center at the same location" 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.

Contacts: Spinnaker Capital Markets Inc. Ali Mahdavi +1 416-962-3300 ext. 225 am@spinnakercmi.com Symax Lift Holding Co. Ltd. Ming (Barry) Sheng +1-604-601-8224 barry.sheng@symax.ca