SOURCE: SORL Auto Parts Inc.

October 12, 2005 09:11 ET

SORL Auto Parts Provides EPS Guidance for Third Quarter

ZHEJIANG, CHINA -- (MARKET WIRE) -- October 12, 2005 --SORL Auto Parts, Inc. (OTC BB: SAUP), a manufacturer and distributor of automotive air brake valves and hydraulic brake valves primarily for the commercial vehicle market, announced today that it expects third quarter revenue to be in the range of $15.5 million to $16 million, an increase of 23.4% to 27.3%, respectively, over third quarter 2004. The Company expects net income from continuing operations in the third quarter to be in the range of $1.4 million to $1.5 million, with earnings per share in the range of $0.105 to $0.115.

SORL will report its third quarter earnings on November 15th after the close of trading. In addition, the Company will hold its quarterly conference call at 4:30 Eastern Time on November 17th to present the results. Call information and related details will be available at www.sorl-autoparts.com under "Investors/Calendar."

About SORL Auto Parts, Inc.

As China's leading manufacturer and distributor of automotive air brake valves and hydraulic brake valves, SORL Auto Parts ranks first in market share in the market for commercial vehicles weighing more than three tons, such as trucks, vans and buses. The Company distributes products both in China and internationally under SORL trademarks. SORL is rated as one of the top 100 auto component suppliers in China, with a product range that includes 36 types of brake valves with over 800 different specifications. The Company has three international sales centers in Australia, UAE, and the United States, with additional offices slated for opening in other locations 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.

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