Boyuan Construction announces director election results

TORONTO, Jan. 16, 2020 /CNW/ - Boyuan Construction Group, Inc. (TSX:BOY) ("Boyuan" or the "Company") announced today that all of the nominees listed in its information circular for the annual general and special meeting of shareholders held on December 12, 2019 in Jiaxing, Zhejiang, China (the "Meeting") were elected as directors of Boyuan. Each such director will serve until the next annual meeting of shareholders or until their successors are elected or appointed or they otherwise cease to serve as directors.

Detailed results of the vote for the election of directors held at the Meeting are set out below.

Director Nominee	Votes For	% For	Votes Withheld	% Withheld
Shou Cailiang	14,706,656	85.24%	2,546,100	14.76%
John Jack Duffy	14,471,956	83.88%	2,780,800	16.12%
Liu Manhong	14,468,656	83.86%	2,784,100	16.14%
Francis Leong	14,471,956	83.88%	2,780,800	16.12%
Dr. Fang Lixin	14,468,656	83.86%	2,784,100	16.14%
Ren Shu	14,468,656	83.86%	2,784,100	16.14%
Tang Wei	14,468,656	83.86%	2,784,100	16.14%

Each director nominee received a greater number of votes "for" than were designated as "withheld", therefore no nominee shall be required to submit a resignation in accordance with the Company's majority voting policy, adopted by the board of directors of the Company as required by the rules of the Toronto Stock Exchange.

About Boyuan Construction Group, Inc.

Backed by a longstanding track record, Boyuan Construction Group, Inc. ("Boyuan" or the "Company") has the knowledge and expertise to design and build a wide range of commercial and residential developments, as well as municipal infrastructure and engineering projects. Based in Jiaxing City and with a growing presence in both Zhejiang Province and Hainan Province, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta and the Hainan Province. The Company's current project backlog includes residential, commercial, industrial and mixed-use developments. For more information visit www.boyuangroup.cn.

SOURCE Boyuan Construction Group, Inc.

Boyuan Construction Group, Paul Law, CFO, +(852) 9329 5088, [email protected]; NATIONAL Capital Markets, Trevor Heisler, Investor Relations, [phone], [email protected]