The Registration Statement, when declared effective by the SEC, would allow the Company to offer and sell, from time to time, in one or more offerings, any combination of common stock, common stock purchase rights, warrants, debt securities, or units (collectively, the "Securities") having an aggregate initial offering price not exceeding $120 million with the size, price and terms to be determined at the time of the sale. The Registration Statement is intended to provide the Company with the flexibility to raise additional capital in the future from the offering of the Securities, subject to market conditions and the Company's capital needs.

The Registration Statement filed with the SEC has not yet become effective. No Securities may be sold, nor may offers to buy be accepted, prior to the effectiveness of the Registration Statement and the filing of one or more prospectus supplements containing the terms of the Securities to be offered. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Securities, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offer of the Securities will be solely by means of the prospectus included in the Registration Statement and one or more prospectus supplements that will be issued at the time of the offering.

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 three manufacturing facilities in China located in Harbin, Weihai, and Shanghai with a total of approximately 2,000 employees. Each of the three manufacturing facilities is dedicated to a specific product line and is equipped with state-of-the-art production equipment and quality control systems.

As China continues to grow its industrial base, Harbin Electric aspires to be a pioneer in leading the industrialization and technology transformation of the Chinese manufacturing sector. To learn more about Harbin Electric, visit http://www.harbinelectric.com/.

   For investor and media inquiries, please contact:        In China        Harbin Electric, Inc.        Tel:   +86-451-8611-6757        Email: MainlandIR@Tech-full.com        In the U.S.        Christy Shue        Harbin Electric, Inc.        Executive VP, Finance & Investor Relations        Tel:   +1-631-312-8612        Email: cshue@HarbinElectric.com         Kathy Li        Christensen Investor Relations        Tel:   +1-212-618-1987        Email: kli@christensenir.com  

Harbin Electric, Inc.

CONTACT: In China, Harbin Electric, Inc., +86-451-8611-6757,MainlandIR@Tech-full.com; In the U.S., Christy Shue, Harbin Electric, Inc.,Executive VP, Finance & Investor Relations, +1-631-312-8612,cshue@HarbinElectric.com; or Kathy Li, Christensen Investor Relations,+1-212-618-1987, kli@christensenir.com

Web Site: http://www.harbinelectric.com/

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