ZHEJIANG, China, March 7, 2012 /PRNewswire-Asia-FirstCall/ --
SORL Auto Parts, Inc. (NASDAQ: SORL) ("SORL" or "the
Company"), a leading supplier of brake and control systems to the
global commercial vehicle industry, today announced the appointment
of Ms. Jinrui Yu as the Company's
Chief Operating Officer, effective immediately. Mr. Baojian Tao, who served as the Company's Chief
Operating Officer, resigned from his position as such for personal
reasons, effective March 3, 2012.
Ms. Yu, age 37, has more than 15 years of experience in the auto
parts industry. Ms. Yu has served as the Company's Production
and Export Vice President since August 2009. From 2004 to
2009, Ms. Yu served as the Company's Export Department
Manager. From 1999 to 2004, Ms. Yu served as International
Sales Manager of Ruili Group Co., Ltd, which specializes in
manufacturing auto parts, and from 1997 to 1999, Ms. Yu worked in
the OEM market sales department of Ruili Group Co., Ltd.
Mr. Xiaoping Zhang, Chief
Executive Officer and Chairman of the Board of the Company, said,
"We thank Baojian Tao for his
leadership and many contributions during an important growth period
in SORL's history. We wish him well in his future endeavors. Ms. Yu
has demonstrated that her capabilities and extensive knowledge of
our operations will ensure a smooth succession. We look forward to
Ms. Yu's continuing contributions to the Company as our new Chief
Operating Officer."
About SORL Auto Parts, Inc.
As a global tier one supplier of brake and control systems to
the commercial vehicle industry, SORL Auto Parts, Inc. is the
market leader for commercial vehicles brake system, such as trucks
and buses in China. 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 65 categories with over 2000 specifications in
brake system and others. The Company has four authorized
international sales centers in UAE, India, the United
States and Europe. 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 the Company's proposed
discussions related to its business or growth strategy, which are
subject to change. Such information is based upon expectations of
the Company's management that were reasonable when made but may
prove to be incorrect. All of such assumptions are inherently
subject to uncertainties and contingencies beyond the Company's
control and upon assumptions with respect to future business
decisions, which are subject to change. The Company does not
undertake to update the forward-looking statements contained in
this press release. For additional information regarding known
material factors that could cause the Company's results to differ
from its projected results, please see its filings with the SEC,
including its Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K. 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.
Contact Information
Ben Chen
VP Finance & Corporate Secretary
+86 577 6581 7721
Email: ben@sorl.com.cn
Kevin Theiss
Grayling
+1 646 284 9409
Email: kevin.theiss@grayling.com
SOURCE SORL Auto Parts, Inc.