VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 4, 2016) - Symax Lift (Holding) Co. Ltd. (the "Company") (TSX VENTURE:SYL) is pleased to announce that it completed an amalgamation (the "Amalgamation") on April 1, 2016 pursuant to an Amalgamation Agreement dated February 22, 2016 with 1060719 B.C. Ltd., a corporation owned by Xiaoyan (Sabrina) Zhang, Han Min (Eric) Hsu and Shan Lin, under the provisions of the British Columbia Business Corporations Act to form an amalgamated company called Symax Lift (Holding) Inc. (the "Amalco").

The Amalgamation is described in further detail in the management information circular of the Company dated February 23, 2016, which is available under the Company's SEDAR profile at www.sedar.com.

The board of directors of Amalco is comprised of Ms. Xiaoyan (Sabrina) Zhang, Mr. Hanmin (Eric) Hsu, and Ms. Xiaoqin (Mary) Ma. The board of directors of Amalco wishes to thank Mr. Ian M. Mallmann and Mr. Kieran F. Mulroy for their pre-Amalgamation contributions to the Company. It is expected that Amalco will be de-listed from TSX Venture Exchange from the close of the markets on or about April 5, 2016. Once de-listed, Amalco will take the necessary steps to cease to be a reporting issuer in each applicable province.

Neither the TSX Venture Exchange nor its Regulations 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.

CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION

Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to the negotiation and consummation of the definitive agreements with respect to the Amalgamation, the completion of the Amalgamation or related transactions, receipt of requisite legal and financial opinions with respect to the Amalgamation and applicable regulatory approvals required with respect to the Amalgamation. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law, and the reader is referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada at www.sedar.com.