SOURCE: SORL Auto Parts Inc

July 27, 2005 11:29 ET

SORL Auto Parts, Inc. Chairman and CEO Xaioping Zhang Elected President of Ruian Auto Parts Association

Mr. Zhang to Serve Second Term as the Association's President

ZHEJIANG, CHINA -- (MARKET WIRE) -- July 27, 2005 -- SORL Auto Parts, Inc. (OTC BB: SAUP) today announced that Chairman and CEO Xaioping Zhang has been elected to a second term as president of Ruian Auto Parts Association in Wenzhou, Zhejiang Province. Mr. Zhang, who has served as the association's president since its inception in 2000, began his second five-year term in July 2005.

In accepting this top leadership position, Mr. Zhang said, "I am honored to have the opportunity to continue serving our member companies toward improved performance and increased visibility within the industry. Working together, we can all contribute to the industry's ongoing growth and share in the rewards of the world's largest automotive market, outside of the U.S. and Japan."

Mr. Zhang's election to a second consecutive term underscores the association's high regard for him as a leader and industry representative. According to SORL officials, Mr. Zhang's service in this position of influence will support SORL's growth strategy to expand into the sedan market and to increase exports, with primary focus in North America.

The Ruian Auto Parts Association is the largest trade organization of auto parts manufacturers and distributors in China's Wenzhou region. With more than 380 members, the association monitors industry trends, government regulatory policies, market developments and international events. The association also serves as a bridge for member companies to establish strategic alliances, form collaborative partnerships or enter into mergers.

Ruian City is known as the "capital" of China's auto parts industry, of which SORL's majority owned subsidiary Ruian Auto Parts Co., Ltd. is the largest manufacturer and distributor.

About SORL Auto Parts, Inc.

SORL Auto Parts, Inc. is engaged in the manufacture and distribution of automotive air brake valves and hydraulic break valves primarily for the commercial vehicle market for vehicles weighing more than three tons, such as trucks, vans and buses in the People's Republic of China (PRC). The Company distributes products both in China and internationally under SORL trademarks. The Company's product range includes 36 types of brake valves with over 800 different specifications. The Company is rated as one of the top 100 auto component suppliers in China. The Company has two international sales centers in Australia and Dubai, an office in Los Angeles, California, and other locations to open in the near future.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact Information

  • CONTACTS:

    David He
    SORL Auto Parts, Inc.
    Phone: +86 (577) 6581-7720
    Email Contact

    Pamela A. Solly
    Keating After Market Support, LLC
    Greenwood Village, CO
    Phone: +1 (720) 489-5876
    Email Contact