Boyuan Construction Group, Inc. announced that its Chinese special purpose operating entity, Zhejiang Boyuan Construction Co. Ltd., completed a loan transaction with an arm's length China-based lender for the principal amount of RMB 25 million pursuant to a corporate client entrusted loan agreement between Boyuan China, the lender and a major Chinese bank. The RMB Loan is for a term of one year, may be prepaid with the lender's approval and may be extended with the lenders' and guarantor's approval. The RMB Loan bears interest at a rate of 23.5% per annum, payable monthly. The RMB Loan is secured by a guarantee from Mainway Management Limited. The Mainway guarantee is secured by a pledge of 15,735,269 Boyuan common shares owned by Mr. Shou and his wife through Mainway. In addition, Mainway granted an option to an affiliate of the lender to purchase up to 1 million of the Boyuan shares pledged by Mainway exercisable for one year at a price of CAD 0.33 per share.

Boyuan Construction Group, Inc. reported earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net income of $1.4 million or $0.05 earnings per share – diluted on revenue of $41.4 million compared to net income of $2.2 million or $0.08 earnings per share – diluted on revenue of $38.7 million for the corresponding period last year. The decrease in net income was a result of smaller gross profit margin for the period and the increases in G&A expenses and interest expenses. EBITDA was $4.1 million against $4.6 million of prior year period. Revenue for the first nine months of financial year 2013 was $147.7 million, up 0.9% from $146.4 million for the same period of financial year 2012. On a nine-month basis, net income for financial year 2013 was $5.6 million or $0.22 per share fully diluted. This compares to a net income of $8.1 million or $0.31 per share fully diluted, for the same period of FY2012.

Boyuan Construction Group, Inc. announced that they will report Q3, 2013 results at 5:00 PM, China Standard Time on May 15, 2013