Wonder Auto's Subsidiary Named 'Leading Engine Valve Company of Chinese Automobile Parts Industry' by CAAM

JINZHOU, China--March 30, 2011: Wonder Auto Technology, Inc. ("Wonder Auto" or "the Company") , a leading manufacturer of automotive electrical parts, safety products, suspension products and engine accessories in China, today announced that its subsidiary, Jinan Worldwide Auto-Accessory Limited Company ("Jinan Worldwide"), was awarded the "Leading Engine Valve Company of Chinese Automobile Parts Industry" by the China Association of Automobile Manufacturers ("CAAM") in the first quarter 2011. In the same period, Jinan Worldwide was awarded "Provincial Enterprise Technical Center" by the local government.

Wonder Auto acquired Jinan Worldwide in October 2008 and Jinan Worldwide's profits have consistently increased since that time. Jinan Worldwide's sales revenue is expected to exceed RMB 0.4 billion in 2010. The management team is optimistic that Wonder Auto's investment in acquiring Jinan Worldwide will be recovered within 3 years from the date thereof.

Jinan Worldwide has been in the engine valve industry in China for over 50 years and is one of the industry leaders in terms of its research and development capabilities, as well as manufacturing capacity. Jinan Worldwide has been granted "National-Level New Product Award" three times and "China National Auto Industry Award of Science and Technology Progress" several times in its history. Jinan Worldwide counts some of the top-tier international and domestic manufacturers as its customers, such as US Ford, Shanghai Volkswagen, Tianjin Toyota, BYD, Geely, Chery and Dongfeng Cummins. Jinan Worldwide's annual output of engine valves and tappets is consistently one of the largest in China, and it has also been a leader in terms of market share for some time.

Chairman of Wonder Auto, Mr. Qingjie Zhao commented: "Management is pleased with the performance of Jinan Worldwide and the synergies that have been realized from the integration of Jinan Worldwide into Wonder Auto. The success of Jinan Worldwide demonstrates the potential benefits of the "Organic Growth + Acquisition" business strategy in the current Chinese auto industry. We believe that Jinan Worldwide will create more synergies with other Wonder Auto businesses going forward and bring shareholders greater returns."