Wonder Auto Technology Announces Adjustments to 2008 and 2009 Guidance

BEIJING, January 21, 2009: Wonder Auto Technology, Inc., a leading manufacturer of automotive electrical and suspension parts in China, today announced its adjustments of the 2008 and 2009 Guidance.

For 2008 guidance, the sales revenue is expected to be over $140
million, reflecting a 37% YoY increase.

For 2009 guidance, the sales revenue is expected to be over $200
million, reflecting a 40% YoY increase.

Mr. Qingjie Zhao, chairman and CEO of Wonder Auto Technology, Inc. stated that "The global economy has shown a downturn trend after the subprime mortgage crisis in 2008, which has led to a slowdown of the growth rate for China's domestic auto market and export market. Accordingly, the company has adjusted its perspective performance because of the weak fourth quarter financials affected by the changing environment, but we will still able to maintain a growth rate of 37% for the whole of 2008."

Mr. Zhao continued, "The company has instituted a company-wide cost savings program to reduce various expenses and has, through its Research and Development efforts, implemented some technology innovations, raising production efficiency. The Chinese government has instituted a series of policies to stimulate internal consumer markets, promote automobile sales, improve auto financing and support the development of alternative energy vehicles. With 85% of our total revenue generated from China's market, and a continuous focus on the development of low-emission vehicle parts, we are very confident that we will maintain our fast-growing momentum in this market and will continue to provide favorable returns to our investors by implementing the competitive strategy of "Lower Cost Orientation," accelerating development of alternative energy vehicle parts and introducing new products, all resulting in us gaining more customers."