Date: 2013-07-31

Xiangyang Automobile Bearing Share Co., Ltd. Announces Resignation of President

Xiangyang Automobile Bearing Share Co., Ltd. announced the resignation of Mr. Mao Sujia as President, effective October 23, 2008.

From 1979, Mr. Mao Sujia successively worked for Shanghai Jiading Zhenhua Bearing Plants, Shanghai Bearing Group, Ningbo Tiansheng Bearing Co.,Ltd and Shanghai Tiansheng Needle Roller Bearing Co.,Ltd.

Xiangyang Automobile Bearing Company., Ltd is principally engaged in the manufacture, research and sale of automobile bearings and bearing parts, electromechanical devices, as well as bearing equipment and spare parts.

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