Boyuan Initiates New US$10.9 Million Project in Lingshiu, Hainan

TORONTO, Jan. 15, 2013 /CNW/ - Boyuan Construction Group, Inc., TSX: BOY, 
BOY.DB, BOY.DB.A) a fast-growing construction company in China of commercial, 
residential and municipal infrastructure projects, announced today that it has 
initiated construction on a five star luxury hotel located in Lingshiu, a city 
on Hainan Island, one of Boyuan's core markets. The hotel consists of 45,000 
square meters of construction area covering a total of three floors. The 
project is valued at US$10.9 million. 
"The initiation of construction of this first class hotel complex in one of 
our core markets is an example of how, regardless of tighter liquidity for 
property developers and the restrictive measures introduced by the central 
government, we are still actively pursuing and evaluating high value 
opportunities," said Mr. Cai Liang Shou, Chairman of Boyuan Construction 
Group. "We believe current market conditions will continue in the short term 
and therefore we will continue to be very selective in choosing which new 
construction projects we accept in order to minimize risk and to preserve 
capital." 
Completion of Boyuan's new project is expected in the first quarter of 
calendar 2014. 
Launched in 2009, China's International Tourist Destination Policy is aimed at 
fostering Hainan Island's economic growth and development. As part of the goal 
to turn Hainan Island into a major international tourism destination, a 
tax-free shopping plan for foreign travelers was implemented effective January 
1, 2011. 
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the 
business of commercial building and residential construction, municipal 
infrastructure and engineering projects. In its last three fiscal years 
ending June 30, 2012, Boyuan completed more than 50 projects for a number of 
private and public sector clients. Boyuan's current project backlog includes 
residential, commercial, industrial and mixed-use developments. From its 
operating bases in Zhejiang Province and in Hainan Province, Boyuan focuses on 
construction projects in China's fast-growing regions of the Yangtze River 
Delta, Hainan Province and Shandong Province. For more information visit 
www.boyuangroup.com. 
    
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes 
forward-looking information, which is information relating to future events or 
the Company's future performance and which is inherently uncertain. 
Forward-looking information involves known and unknown risks, uncertainties 
and other factors that may cause actual results or events to differ materially 
from those anticipated in such forward-looking information. The Company 
believes the expectations reflected in the forward-looking information are 
reasonable but no assurance can be given that these expectations will prove to 
be correct and readers are cautioned not to place undue reliance on 
forward-looking information contained in this press release. Some of the 
risks and other factors which could cause results to differ materially from 
those expressed in the forward-looking information contained in this press 
release have been identified in the Company's AIF for the fiscal year ended 
June 30, 2012 and in the Company's other public disclosure documents filed 
with certain Canadian securities regulatory authorities and available at 
www.sedar.com. The forward-looking information contained in this press 
release is made as of the date hereof and the Company undertakes no obligation 
to update publicly or revise any forward-looking information, whether as a 
result of new information, future events or otherwise, except as otherwise 
required by law. 
Contacts Boyuan Construction Group, Inc. Mr. Paul Law, CFO +(852) 9329 5088 
paullaw@zjboyuan.com.cn 
TMX Equicom Philip Dale (416) 815 0700 ext. 253 pdale@tmxequicom.com 
SOURCE: Boyuan Construction Group, Inc. 
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CO: Boyuan Construction Group, Inc.
ST: Ontario
NI: CST COS  
-0- Jan/15/2013 13:28 GMT
 
 
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