PR Newswire// City of Industry, CA // June 9, 2011 - Luxon Holdings, Inc. today announced that its susidiary Liaoyuan Yinyuan Aluminum Alloy Co., Ltd has secured a RMB61 million contract from CNR Changchun Railway Vehicles Co., Ltd. for the Shanghai Metro Line 12 Projects.

Under the terms of the contract, Yinyuan Aluminum will supply aluminum alloy ingots for 41 trains sets, or 246 train cars (1 train set = 6 train cars), with delivery expected to take place from 2012 to 2014.

Mr. Stephen C. Lee, CEO of Luxon said, “We are delighted to have the opportunity to work on the Shanhai Metro Line 12 Project with CNR Changchun. Since 2006, we have worked on sevral projects to supply aluminum alloy ingots for metro train cars serving the Shanghai metro system. This latest contract reflects the confidence of our customers in our quality products and services and will further enhance the Group’s solid track records.”

“Rapid urbanization and economic growth in the PRC have resulted in first-tier cities as well as second-tier and provincial cities to upgrade existing metro networks and construct new lines. We are optimistic that Yinyuan Aluminum, with our strong brand name and reputation, will benefit from the resultant increasing demand in train cars.”

This contract is expected to have a positive impact on the Group’s financials for the financial years ending December 31, 2012 to 2014.