HARBIN, China, Aug. 20 /PRNewswire-Asia/ -- Harbin Electric, Inc. ("Harbin Electric" or the "Company," Nasdaq: HRBN), a leading developer and manufacturer of a wide array of electric motors in the People's Republic of China, has announced that it is postponing its 2009 annual meeting of stockholders ("Annual Meeting") originally scheduled for 8:30 AM Beijing time on August 20, 2009 to 1:30 PM Beijing time on August 20, 2009, due to inclement weather that has prevented a majority of the Board of Directors of the Company from arriving at the meeting by the originally scheduled time.
The Location of the Annual Meeting remains at No.28 Zhang Jia Chan Town Base, Wendeng, Weihai City, Shandong Province, China 264407.
Stockholders of record at the close of business on July 1, 2009 are entitled to attend Harbin Electric's Annual Meeting and vote their shares. For more information or to obtain telephone dialing in information, please contact
Christy Shue
Harbin Electric, Inc.
cshue@harbinelectric.com
China Cell: +86-134-3952-7259
Or
Amy Shi
Harbin Electric, Inc.
ashi@harbinelectric.com
China Cell: +86-133-1363-1258
About Harbin Electric, Inc.
Harbin Electric, headquartered in Harbin, China, is a leading developer and manufacturer of a wide array of electric motors with a focus on innovative, customized and value-added products. Its major product lines include linear motors, automobile specialty micro-motors, and industrial rotary motors. The Company's products are purchased by a broad range of domestic and international customers, including those involved in oil services, factory automation, food processing, packaging, transportation, automobile, medical devices, machinery and tool manufacturing, petrochemical, as well as in the metallurgical and mining industries.
Harbin Electric has built a strong research and development capability by recruiting talent worldwide and through collaborations with top scientific institutions. The Company owns numerous patents in China and has developed award-winning products for its customers. Through its U.S. and China-based subsidiaries, the Company operates three manufacturing facilities in China located in Harbin, Weihai, and Shanghai with a total of approximately 1,800 employees. Each of the three manufacturing facilities is dedicated to a specific product line and is equipped with state-of-the-art production equipment and quality control systems.
As China continues to grow its industrial base, Harbin Electric aspires to be a pioneer in leading the industrialization and technology transformation of the Chinese manufacturing sector. To learn more about Harbin Electric, visit http://www.harbinelectric.com .
