Boyuan Construction Group Inc fka BOY

[Myth]

Boyuan awarded contract valued at US $23.3 million

- Commercial project will be Boyuan's tallest building to date -

TORONTO, May 3 /CNW/ - Boyuan Construction Group, Inc. (TSX-V: BOY &
BOY.DB), a fast-growing construction company in China of commercial,
residential and municipal infrastructure projects, announced today that it has
initiated the building of a commercial project valued at US $23.3 million. The
35-storey, 115,000 square meter building will be developed in the city of
Weifang, in China's Shandong province. The project is expected to be completed
by the fourth quarter of 2012. When completed, the building will represent the
tallest ever constructed by Boyuan.
"Since expanding into Shandong province last September, we have been very
encouraged by the number of opportunities that have emerged where we can apply
our commercial and residential construction expertise," said Mr. Cai Liang
Shou, Chairman of Boyuan Construction Group. "Our latest contract win is
significant in that it shows continued growth in both the value and size of
our projects in the region."
As a Class 1 general contractor, Boyuan is licensed to construct
buildings up to 40 storeys tall.
Boyuan has signed five major contracts in Shandong since entering the
market in September, 2009. With today's contract award, Boyuan's aggregate
value of contracts signed thus far in Shandong is US $94 million.
Shandong is one of China's most economically diversified provinces with
high concentrations of manufacturing as well as oil and gas production
activities. Weifang, one of Shandong's principal cities, has a population of
8.5 million people.

About Boyuan Construction Group, Inc.

Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the
business of residential and commercial building construction, municipal
infrastructure and engineering projects. In its last four fiscal years ending
June 30, 2009, Boyuan completed more than 125 projects for a number of private
and public sector clients including Cargill and the Dalian Shide Group, a
billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE.
Boyuan's current backlog includes residential, industrial and mixed-use
developments, including a five-star hotel and a project at the Qingshan
Nuclear Plant, China's first and largest nuclear facility. From its operating
bases in Zhejiang Province and on Hainan Island, Boyuan focuses on
construction projects in China's fast-growing regions of the Yangtze River
Delta, the city of Sanya and Shandong Province. For more information visit
www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup.

http://www.cnxmarketlink.com/en/releases/archive/May2010/03/c7721.html