Wonder Auto Technology Announces Receipt of Letter from the Hearings Panel of Nasdaq

Wonder Auto Technology, Inc. (Nasdaq: WATG) today announced that it has received notice that its appeal hearing with respect to Nasdaq's previously announced decision to delist the Company's common stock from trading on Nasdaq has been set for October 6, 2011. As previously reported, the Company received a letter from the Listing Qualifications Department of Nasdaq on August 18, 2011 stating that based on the review of public documents and information provided by the Company, Nasdaq's staff determined that the continued listing of the Company's securities on Nasdaq is no longer warranted. Following the receipt of that letter, the Company requested an oral hearing before the Panel to appeal the Staff's determination.In addition, Nasdaq has notified the Company that the trading halt on the Company's securities will be lifted as of the opening of the market on September 12, however, trading of the common stock of the Company will remain suspended on Nasdaq pending the results of the delisting hearing. As a result of the lifting of the trading halt, the Company's common stock will become eligible to be traded on the over-the-counter bulletin board commencing September 12, 2011. The Company's Audit Committee is still conducting its investigation into certain alleged related-party transactions and other matters as well as whether the Company's financial statements have been manipulated and falsified by former senior corporate officers (the "Investigation"). The Company is working diligently to complete its delinquent Forms 10-K and 10-Q and expects the reports to be completed as soon as possible following the conclusion of the Investigation. The Company intends to seek relief from the Nasdaq delisting determination and a further extension of time to file its delinquent reports. There is no assurance that the Panel will grant the Company's request for relief from the delisting determination. If the Company's request is denied, the Company's securities will be delisted from Nasdaq.