Boyuan Debentureholder Meeting Adjourned to March 20, 2015

TORONTO, Feb. 24, 2015 /CNW/ - Boyuan Construction Group, Inc., ("Boyuan" or the "Company") (TSX: BOY, BOY.DB.A), a growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that the meeting of the holders ("Debentureholders") of its 10.0% convertible unsecured subordinated debentures due October 31, 2015 (the "Debentures") that was to be held today in connection with the proposed amendments to the Debentures has been adjourned. The reconvened meeting will be held at the offices of Fogler, Rubinoff LLP, 77 King Street West, 30th Floor, TD North Tower, Toronto-Dominion Centre, Toronto, Ontario, M5K 1G8, on March 20, 2015 at 10:00 a.m. (Eastern Time).

The meeting has been adjourned to allow additional time for all of the Debentureholders to participate in the vote on the proposed Debenture amendments and deposit the Form of Proxy and Consent or Voting Instruction Forms ("Proxy") or make changes to any previously deposited Proxy, in advance of the reconvened meeting.

Debentureholders who previously consented to/voted for the originally proposed amendments do not need to take any action to have their consent/vote counted in favour at the reconvened meeting.  Debentureholders who have not voted or wish to change their vote may do so by following the instructions set forth on the Form of Proxy and Consent or Voting Instruction Form provided to them. A Debentureholder may revoke a previously voted Proxy in accordance with the instructions set forth in the Management Information Circular of the Company dated January 23, 2015 (the "Circular").

As a result of the adjournment, any new Proxies or changes to previously submitted Proxies must now be deposited with Computershare Trust Company of Canada, 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1, Attention: Proxy Department, to arrive as soon as practicable and in any event no later than 10:00 a.m. (Eastern Time) on March 18, 2015

Debentureholders are encouraged to review the Circular which is available on SEDAR at www.sedar.com. Questions regarding any voting procedures can be directed to the information and proxy solicitation agent, National Bank Financial Inc., by telephone toll free in North America 1-800-636-3675 (extension 97504 or 97811).

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, 2014, Boyuan completed 45 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. When used in this press release, such statements may use such words as ''may'', ''will'', ''expect'', ''believe'', ''plan'' and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward looking information in this press release includes, but is not limited to, expected changes to terms of the amendments and expected date and other details of the reconvened Meeting;. 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, 2014 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.

SOURCE Boyuan Construction Group, Inc.

For further information: Boyuan Construction Group, Inc.: Mr. Paul Law, CFO, +(852) 9329 5088, paullaw@zjboyuan.com.cn; TMX Equicom: Ms. Renee Lam, (416) 815-0700 ext. 258, rlam@tmxequicom.com


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