SOURCE: Yasheng Group

August 18, 2005 06:00 ET

/ CORRECTION - YaSheng Group Reports Second Quarter Revenues of US$196,012,453

REDWOOD CITY, CA -- (MARKET WIRE) -- August 18, 2005 -- In the news release, "YaSheng Group Reports Second Quarter Revenues of US$196,012,453," issued Tuesday, 08/16/2005, by YaSheng Group (OTC: YHGG), we are advised by the company that the first sentence of the second paragraph should read "revenues rose to US$196,012,453" rather than "operating income rose to US$196,012,453" as originally issued. Complete corrected text follows.

YaSheng Group Reports Second Quarter Revenues of US$196,012,453

REDWOOD CITY, CA -- 08/16/2005 -- YaSheng Group (OTC: YHGG), with second quarter revenues of US$196,012,453, published today details of its financial results for the second quarter in 2005.

For the second quarter ending June 30, 2005, the company's revenues rose to US$196,012,453 with net earnings increasing to US$22,688,136, or .15 per share, an increase of 15.38%, versus .13 per share for the same quarter in 2004, based on 155,097,355 issued and outstanding shares.

Full details of the financial results for the period ending June 30, 2005 are published at:

About YaSheng Group:

The YaSheng Group (OTC: YHGG) is a diversified industrial conglomerate incorporated in Redwood City, California, operates in hi-tech agriculture, salt chemistry and biological technology as its core business with advantages in rich land, mineral resources, capital and technology reserves. Through its 136 subsidiaries, the company operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing.

Forward-Looking Statements:

Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Statements containing terms like "believes," "does not believe," "plans," "expects," "intends," "estimates," "anticipates" and other phrases of similar meaning are considered to imply uncertainty and are forward-looking statements.

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