News

JINZHOU CITY, China, November 17, 2008: Wonder Auto Technology, Inc., a leading manufacturer of automotive electrics, suspension products and engine accessories in China, announced that one of its subsidiaries, Jinzhou Wonder Motor Co. Ltd ("Jinzhou Motor"), has entered into a development agreement with Korean CT&T Co. Ltd. News) Announces the $5 Million Investment in Money Victory Limited", issued earlier today by Wonder Auto Technology, Inc. over PR Newswire, we are advised by the company that the title should read "Wonder Auto Technology Announces Assignment of Its $5 Million Investment in Money Victory Limited", as originally issued inadvertently. Wonder Auto Technology, Inc. announced today that it has signed an assignment agreement with Golden Stone Capital Limited under which it has transferred the $5 million short-term investment, or 22.49% ownership, in Money Victory Limited.