China's Vice Premier Dejiang Zhang Confident in China Automotive Systems' Future

China Automotive Systems, Inc. CAAS today announced that on March 24th, Vice Premier of the People's Republic of China, Mr. Dejiang Zhang, toured China Automotive Systems, Inc. along with the Vice Governor of Hubei Province, Mr. Lunyi Duan, Municipal Party Secretary of Jingzhou City, Mr. Daiming Ying, and Company CEO, Mr. Qizhou Wu. CEO Mr. Wu shared the Company's history and recent developments, commenting, "Since the Company was founded in 1993, CAAS has grown rapidly over the years to become the largest domestic automotive steering systems supplier through independent research and technical innovation. CAAS transformed the Chinese automotive industry from reliance on imported safety-related steering products and today the Company also exports to the United States, another leading global automotive market." Vice Premier Mr. Zhang fully acknowledged CAAS's achievements and expressed his full confidence in the Company's future. "The development of our human resources is crucial for future corporate development. CAAS should continue to strive to be a model of technological innovation for small- to medium-sized companies in China," Mr. Zhang stated.