YaSheng Group Releases Its 2008 Audited Financial Results

REDWOOD CITY, CA--(Marketwire - March 23, 2009) - YaSheng Group (PINKSHEETS: YHGG), a leading agriculture company focused on the China market, today announced its audited financial results for the year ended December 31, 2008.

For fiscal 2008 the Company realized record revenues of $736.2 million, an increase of 12.3% versus fiscal 2007 revenues of $655.7 million, net income of $76.0 million for fiscal 2008, an increase of 6.1% versus fiscal 2007 net income of $71.3 million. Earning per share was 49 cents/share in 2008 versus 46 cents/share in 2007.

“Despite a challenging global economic environment in 2008,” said Chairman Zhou Changsheng, “we continue to focus on growing our core products and businesses, and the company has achieved solid growth in our key markets.”

As previously announced, as a result of the completion of its financials audited by a PCAOB registered audit firm, the company expects to proceed with its efforts on its public listing status on a major U.S. stock exchange.

The audited statements can be viewed here:

http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=19907

About YaSheng Group:

YaSheng Group (PINKSHEETS: YHGG) is a diversified agriculture conglomerate incorporated in California, operating hi-tech agriculture as its core business with advantages in rich land, advanced irrigation facilities, strong R&D, agro, and biotechnology capabilities, as well as its competent workforce in China. The company operates 6 major product segments including field crops, vegetables, fruit, specialty crops, seeds, and poultry. With total assets of approximately $1.5 billion USD and over 15,000 employees, YaSheng Group has 155,097,355 shares issued and outstanding as of December 31, 2008.

Further information concerning YaSheng Group can be found on the corporate website: http://www.yashenggroup.com/

Forward-Looking Statements:

Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.