ZHEJIANG, China, April 1, 2014 /PRNewswire/ -- 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.
Shuping Chi as the Company's
Executive Board Member, effective immediately. Mr. Jung Kang Chang resigned as a Board member and
from his management position in the international department for
personal reasons, effective March 20,
2014.
Ms. Chi has more than 30 years of experience in the auto parts
industry. She is a shareholder of SORL Auto Parts Inc., holding
5.9% of the total shares outstanding. Ms. Chi is also one of the
founders of Ruili Group Co., Ltd. and she is the wife of Mr.
Xiaoping Zhang, Chairman of Board of
the Company. Ms. Chi has served as Vice Chairman of the Board of
Ruili Group Co., Ltd. since July
1979.
Mr. Xiaoping Zhang, Chief
Executive Officer and Chairman of the Board of the Company, said,
"We thank Jung Kang Chang for his
contributions during an important growth period in SORL's history.
We wish him well in his future endeavors. Ms. Chi has demonstrated
that her experience in the auto parts industry will ensure a smooth
succession. We look forward to Ms. Chi's continuing contributions
to the Company as our new Executive Board Member."
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
Raymond Lin
+86-139-6777-6556
+86-577-6581-7721
Email: ljf@sorl.com.cn
Phyllis Huang
+86-151-6770-5972
+86-577-6581-7721
Email: Phyllis@sorl.com.cn
Kevin Theiss
Grayling
+1 646 284 9409
Email: kevin.theiss@grayling.com
SOURCE SORL Auto Parts, Inc.