SORL Auto Parts, Inc. Commences Trading under the Ticker Symbol `SAUP' and Effects a 1-for-15 Reverse Split

NEW YORK--July 16, 2004--SORL Auto Parts, Inc. (OTCBB: SAUP) today announced that effective immediately, the common stock of the Company will be listed for trading on the OTC Bulletin Board under the ticker symbol "SAUP". SORL is a leading manufacturer of air brake valves and hydraulic brake valves in China, and counts almost all of China's truck manufacturers among its customers.

The Company also announced that, effective July 16, 2004, there has been a 1-for-15 reverse split of the common stock. As a result, the company now has 13.2 million shares issued and outstanding.

"SORL Auto Parts is pleased to make its formal entry into the U.S. capital markets as we continue to expand our production capacity to reach beyond our home market of China," said Xiao Ping Zhang, Chairman and CEO, SORL Auto Parts.

About SORL Auto Parts

SORL Auto Parts, formerly The Ruili Group, was incorporated in the People's Republic of China in 1987 to specialize in the development, production and sale of various kinds of automotive parts. Its headquarters are located in the Ruian District of Wenzhou City, one of the leading automotive parts manufacturing centers of China. It manufactures and distributes automotive air brake valves and hydraulic brake valves in China and internationally for use primarily in vehicles weighing over three tons, such as trucks, vans and buses.

SORL sells its products to forty-two vehicle manufacturers, including all of the truck manufacturers in China, which are divided into three groups: OEMS or automobile manufacturers in China, aftermarket distributors, and international customers, accounting for approximately 56%, 26% and 18%, of annual sales, respectively. The Company maintains long-term relationships with its OEM customers, among them, First Auto Group at 34.3% of SORL's total revenue and Dongfeng Auto Corporation at 10.5%. Both are among the top five largest automobile manufacturers in China.

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All readers are encouraged to review the 8-K to be filed in connection with the acquisition discussed above, which outlines risk factors including debt obligations, deal terms and other relevant items. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the companies, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the companies disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.