Jinpan International Limited Special Committee Engages Legal Counsel

Jinpan International Limited

, a leading designer, manufacturer, and distributor of cast resin transformers, today announced that its special committee of the Company's Board of Directors (the "Special Committee") has retained Gibson, Dunn & Crutcher LLP as its legal counsel. As previously announced, the Company's Board of Directors formed the Special Committee to review and evaluate the preliminary, non-binding proposal letter dated September 21, 2014 from Zhiyuan Li, the Company's Chairman of the Board of Directors, President, and Chief Executive Officer and FNOF E&M Investment Limited (collectively, with Mr. Li, the "Buyer Parties"), to acquire all of the outstanding common shares of the Company not currently owned by the Buyer Parties in a going private transaction. The Board of Directors cautions the Company's shareholders and others considering trading in its securities that no decisions have been made by the Special Committee with respect to the Company's response to the proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to the proposed transaction, except as required under applicable law.