Symax Lift (Holding) 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 nine new
contracts to supply, install and service Dingtai and Green elevators.


The nine contracts represent approximately $11 million in revenues and
deliveries have commenced in November 2013. The contracts are expected to be
completed in the first half of 2014. Among the nine contracts, five are for
government housing projects in Jiangsu Province and Chongqing in China. 


"This September and October were strong months for Symax," stated Ms. Sabrina
Zhang, CEO of Symax. "Amid the concern of saturation of housing markets in the
Chinese tier 1 cities, we still observed continuing growth in our business based
on tier 2 and 3 cities which have led to consistent demand for elevator
products. We are particularly encouraged by the increasing demand from
government housing projects."


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: 
For Corporate Information:
Skyone International Securities Corporation
Michael Zheng
416.268.6178
michael.zheng@skyoneisec.com


Symax Lift (Holding) Co. Ltd.
Mary Ma
CFO
604.277.6678
info@symax.ca