SOURCE: Yasheng Group

March 29, 2006 08:00 ET

YaSheng Group's New Drip Irrigation System Conserves Water, Labor, and Fertilizer While Increasing the Production of Corn and Other Crops by 40-60%

REDWOOD CITY, CA -- (MARKET WIRE) -- March 29, 2006 -- The YaSheng Group (OTC: YHGG) is pleased to announce that their subsidiary Ruisheng-Yamit Agriculture Co. has been producing the perfect irrigation system that greatly reduces the use of water, labor, electricity, and fertilizer. This system increases production and income by 40%.

The Gansu Ruisheng-Yamit Hi-Tech Agriculture Co. was established in 2001 as a joint-venture with Israel Yamit Corp., an Israeli Company, with a total investment of US $38 Million. The factory was built in the Lanzhou National Hi-Technology Zone with 10 production lines with an annual productivity of over 390 Million feet of drip-irrigation pipe. This joint-venture combines Israeli Technology with YaSheng Group's patents. The plant entirely adopts the advanced technological equipment and scientific management of Yamit Corp. It has the most advanced technology and strongest production capacity in the state and is also a Hi-Tech Project which is listed in China's National Torch Program.

In the past few years Ruisheng-Yamit Agriculture Co. has produced enough perfect irrigation equipment to irrigate 15,000 acres. The results are staggering compared to traditional irrigation processes. Water usage was reduced by 40-50%; from 500 cubic meters per acre to 210 cubic meters per acre and electricity usage was reduced by 60-70%. Labor and fertilizer use was also reduced by 40-50%. All of these increased efficiencies resulted in a production and income increase of 40%. The output of Potatoes increased by 64%, the output of fruits and melons increased by 40%, and most importantly the output of corn increased by 40%.

YaSheng Group understands the World's alternative energy solutions are in agricultural products such as Corn and Potato. The demand for this irrigation system will only increase as the World accepts corn-based Ethanol as the best alternative fuel.

About YaSheng Group:

The YaSheng Group (OTC: YHGG), 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. With total assets of approximately $1.5 billion USD and over 15,000 employees, YaSheng Group has 155,097,355 shares issued and outstanding as of December 1, 2004.

Further information concerning YaSheng Group can be found on the corporate website: www.yashenggroup.com

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.

Contact Information

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