Wonder Auto Chairman and CEO Mr. Qingjie Zhao Elected Executive Deputy Chairman of Newly-founded China Overseas Listed Corporations Association (COLCA)

BEIJING, March 19 /PRNewswire-Asia-FirstCall/ -- On March 7, 2010, the founding of the China Overseas Listed Corporations Association (COLCA) was announced in a conference held at Beijing Haoyuan Jianguo Hotel, which was jointly sponsored by more than 40 Chinese corporations listed overseas (as well as some Chinese corporations interested in becoming listed overseas).

Mr. Qingjie Zhao, Chairman and CEO of Wonder Auto (Nasdaq: WATG), was elected executive deputy chairman in the organization's first council session.

During the conference, unanimous approval was given to the Articles of Association of COLCA, and the first COLCA council composed of 20 member corporations was elected. Mr. Xianzhang Wang was elected chairman of COLCA during the first council session. Mr. Wang is the dean of the Insurance Academy of China Central University of Finance and Economics, and the former chairman of the China Insurance Association. Mr. Siping Fang, Chairman of China Valve Technology, Inc., and Mr. Xiaoping Zhang, Chairman and CEO of SORL Auto Parts, Inc., were elected executive deputy chairmen as well.

"Joining COLCA means Wonder Auto has become a member of this great organization of enterprises with common interests. We can share with other members the resources in terms of funds, market, industry and capital, reduce business operating costs, find more opportunities for business development in China and overseas, and generate sustainable high-yield returns for our investors."

COLCA is a non-profit organization. Its existing members are listed Chinese corporations and corporations intending to list on the NASDAQ, AMEX, NYSE, HKE, AIM, and in other exchanges overseas. COLCA is committed to complying with laws and regulations of the People's Republic of China and the laws and regulations of the listing countries and regions, promoting business co-operations between members and exchanges/communications with relevant institutions and organizations, reducing financing costs and expenses for listed companies and companies intending to list, enhancing the confidence of investors, providing special service programs to members, voicing member's suggestions to government authorities, protecting member's reasonable and legal interests in overseas stock markets, increasing the popularity and influence of the discourse of Chinese corporations listed overseas, assisting the continuous development of Chinese corporations in overseas stock markets, and contributing to the overseas investment activities of Chinese corporations.

Please visit COLCA's website ( http://www.colca.org.cn ) for more information.

List of the first council/deputy chairman body of COLCA (in alphabetical order):

    3SBio Inc.                                                  NASDAQ
    China Digital TV Holding Co., Ltd.                          NYSE
    China Education Group                                       pending
    China Fire & Security Group, Inc.                           NASDAQ
    China Information Security Tech                             NASDAQ
    China Interactive Education, Inc.                           OTC
    China Ritar Power Corp Inc)                                 NASDAQ
    China Valves Technology, Inc.                               NASDAQ
    China Wonder Limited                                        AIM
    Daqing Longheda Food Company Limited                        AMEX
    Global Education & Technology Group                         pending
    Hollysys Automation Technologies, Ltd.                      NASDAQ
    Jiangsu Fengye Electric Power
     Environmental Protection Group                             pending
    Jinheng Automotive Safety System Co., Ltd.                  HKE
    Jinzhou Yangguang Energy Co., Ltd.                          HKE
    Pansoft Company Limited                                     NASDAQ
    Sino Dragon New Energy Holdings Limited                     HKE
    SORL Auto Parts, Inc.                                       NASDAQ
    Wonder Auto Technology, Inc.                                NASDAQ
    Yuhe International Inc.                                     NASDAQ

About Wonder Auto

Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts, suspension products and engine components. Wonder Auto ranked second and third in sales revenue in the Chinese market for automobile alternators and starters in 2008, respectively. Wonder Auto's products are used in a wide range of passenger and commercial automobiles with special focus on the fast-growing small- to medium-engine passenger vehicle market. For more information, please log on http://www.watg.cn .

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected 2009 financial results, our expected financial performance in 2010 and future strategic and operational plans, our future operating results, our expectations regarding the market for our products, our expectations regarding the continued growth of the automobile market, as well as all assumptions, expectations, predictions, intentions or beliefs about our relative strength and about future events. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believe," "expect," "may," "should," "potential," "continue," "anticipate," "future," "intend," "plan," "believe," "is/are likely to," "estimate" or similar expressions. Such information is based upon assumptions and expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions and expectations are inherently subject to uncertainties and contingencies beyond our control and based upon premises with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release, except as required under applicable law. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system at http://www.sec.gov . All information provided in this press release and in the attachments is as of the date of this press release.

    For more information, please contact:

     Patrick Sun
     Investor Relations Manager
     Tel:   +86-10-8478-5339
     Cell:  +86-153-1161-1742
     Email: [email protected]

SOURCE Wonder Auto Technology, Inc.