SORL Auto Parts Completes $31 Million Follow-On Offering at $7.25 Per Share

SORL Auto Parts Completes $31 Million Follow-On Offering at $7.25 Per Share

December 19, 2006

    ZHEJIANG, China, Nov. 27 /Xinhua-PRNewswire/ -- SORL
Auto Parts, Inc. 
(Nasdaq: SORL), a leading manufacturer and distributor of
commercial vehicle 
air brake valves as well as other auto parts in China,
today priced its 
follow-on offering of 4,285,714 shares at $7.25 per share. 
Net proceeds 
after underwriters' commissions and non-accountable will be
approximately 
$28.352 million. 
    The net proceeds will be used to fund capital
expenditures including 
construction of a new plant and equipment purchases, to
expand research and 
development efforts, to build out the international sales
network and for 
working capital and other general corporate purposes
including for possible 
strategic alliances.
    Maxim Group LLC acted as the sole book runner and
Chardan Capital 
Markets, LLC acted as a co-manager of the offering.

    About SORL Auto Parts, Inc.
    As China's leading manufacturer and distributor of
automotive air brake 
valves, SORL Auto Parts, Inc. ranks first in market share
in the segment for 
commercial vehicles weighing more than three tons, such as
trucks and buses. 
The Company distributes products both within China and
internationally under 
the SORL trademark.  SORL ranks among the top 100 auto
component suppliers in 
China, with a product range that includes 40 types of air
brake valves and 
over 800 different specifications.  The Company has three
authorized 
international sales centers in Australia, United Arab
Emirates, and the 
United States, with additional offices slated to open in
other locations in 
the near future. For more information, please visit
http://www.sorl.cn . 

    Safe Harbor Statement
    Statements made in this press release that are not
historical fact 
are "forward-looking statements," which are based
on current expectations 
that include a number of risks and uncertainties.
Additional factors that 
could potentially affect the Company's financial results
may be found on the 
Company's filings with the Securities and Exchange
Commission ( 
http://www.sec.gov ).



    For more information, please contact:

     David Ming He
     SORL Auto Parts, Inc. 
     Tel:   [phone] 
     Email: [e-mail] 

     Christopher Chu
     The Global Consulting Group
     Tel:   [phone]
     Email: [e-mail]



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