Harbin Electric to Hold 2008 Annual Shareholder's Meeting

Thursday, August 28, 2008 6:01 AM

HARBIN, China, Aug. 28 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric, Inc. ('Harbin Electric' or the 'Company'; Nasdaq: HRBN), a leading developer and manufacturer of a wide range of electric motors, will hold its annual meeting of shareholders at 8:30 AM (local time) on September 26, 2008 in Shanghai, China at the following address:

    Shanghai Marriott Hotel Hongqiao
    2270 Hong-Qiao Road
    Shanghai, 200336
    People's Republic of China

Shareholders of record at the close of business on August 18, 2008 are entitled to attend Harbin Electric's Annual Meeting and vote their shares. For more information or to register, please contact:

     Christy Shue
     Harbin Electric, Inc.
     cshue@harbinelectric.com
     Phone: 631-312-8612
    Or
     Amy Shi
     Harbin Electric, Inc.
     ashi@harbinelectric.com
     Phone: 0086-451-8611-6787

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 two manufacturing facilities in China located in Harbin and Weihai, and is completing the construction of a high- efficiency production plant in Shanghai. Harbin Electric employs approximately 2,200 people including employees at Hengda Electric Motor Co. Ltd., which it recently acquired.

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