ZHEJIANG, China, April 14 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (Nasdaq: SORL)("SORL" or "the Company"), a leading manufacturer and distributor of commercial vehicle air brake systems and related auto parts in China, announced today that its 2010 annual stockholder meeting will be held at 8:00 PM China Standard Time (UTC +8) on Thursday, May 27, 2010 in the Ruihong Room at The Ruili Business Hotel in Ruian. Stockholders of record as of the close of business on Thursday, April 1, 2010 are entitled to notice of and to vote at the 2010 Annual Meeting.
Proposals to be voted on at the annual meeting are as follows:
(1) To elect seven directors to hold office until the 2011 annual meeting
of stockholders and until their successors are elected and qualified;
(2) To approve an amendment to our Certificate of Incorporation to delete
an anti-takeover provision;
(3) To ratify the appointment of our independent registered public
accounting firm for fiscal year 2010; and
(4) To transact any other matters that properly come before the meeting or
any adjournments or postponements thereof.
About SORL Auto Parts, Inc.
As China's leading manufacturer and distributor of automotive air brake systems and other related auto parts. SORL Auto Parts, Inc. ranked No. 1 for market share in the segment for commercial vehicles, such as trucks and buses. The Company distributes products both within China and internationally under the SORL trademark. SORL is listed among the top 100 auto component suppliers in China, with a product range that includes 40 categories with over 1000 specifications in air brake system, air controlling system and others. The Company has four authorized international sales centers in Australia, UAE, India, and the United States. SORL is working to establish a broader global sales network. For more information, please visit http://www.sorl.cn .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "will", "believes", "expects" or similar expressions. These forward- looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions 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. 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 filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov .
For more information, please contact:
At SORL Auto Parts, Inc.
Ben Chen
Corporate Secretary
Director of Investor Relations
Tel: +86-577-6581-7721
Email: ben@sorl.com.cn
Kevin Theiss
Grayling
Tel: +1-646-284-9409
Email: kevin.theiss@grayling.com
