VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 30, 2016) - Symax Lift (Holding) Co. Ltd. (the "Company") (TSX VENTURE:SYL) announces that the Company's shareholders passed all resolutions presented at the Company's annual general and special meeting (the "Meeting") held on March 30, 2016, including the re-election of the board of directors, re-appointment of the Company's auditor, approval of the Company's stock option plan, and the proposed amalgamation (the "Amalgamation") of the Company with 1060719 B.C. Ltd., a corporation owned by Xiaoyan (Sabrina) Zhang, Han Min (Eric) Hsu and Shan Lin (the "Acquiror Group").

A total of 27,074,499 shares or 89% of the total issued and outstanding shares of the Company were represented at the Meeting. In particular, the resolution to approve the Amalgamation (the "Amalgamation Resolution") was approved as a special resolution by 99.97% of all of the votes cast at the Meeting (including the votes cast by the Acquior Group). If the votes cast by the Acquiror Group were removed from the vote count, 99.80% of the shares voted in favour of the Amalgamation Resolution, while 0.20% of the shares voted in opposition to the Amalgamation Resolution.

The Company will take steps to complete the Amalgamation shortly and make an application to the TSX Venture Exchange to delist the Company's shares. The Company anticipates that the shares will be delisted on or about the close of trading on Wednesday, April 6, 2016.

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.