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28,000 Acres of Agricultural Property to Be Developed by Yasheng Group and Yasheng ECO-Trade Corporation

BEVERLY HILLS, Calif. - (BUSINESS WIRE) - Yasheng ECO-Trade Corporation (OTCBB: YASH) announced today that it and Yasheng Group, an agriculture conglomerate, have signed a Memorandum of Understanding ("MOU" ) with Pfau, Pfau & Pfau LLC ("Pfau" ) to establish a joint venture to develop and operate three properties currently owned by Pfau, one of which includes roughly 28,000 acres in Central California.

The first property is approximately 28,000 acres of farm and ranch land located in Southeastern San Benito County, California and Western Fresno County, California. The development plan for this property is to plant and harvest olive trees on approximately 12,000 acres. After harvesting, the company plans to mill and produce California Extra Virgin Olive Oil.

In addition to the olive production, the land currently has one producing oil well with plans to drill nine more wells. The Company is discussing the possibility of developing the remaining land (roughly 15,000 acres) into ranch properties. Current zoning allows for subdivision down to 40 acre parcels.

The second property is approximately 45 acres in Kona, Hawaii. The planned development for this property is a coffee plantation.

The third property is approximately 500 acres in San Marcos, California. The planned development for this land is approximately 750 single family homes and approximately 1.5 million square feet of commercial mixed use space.

Gregory Rubin, Chairman of Yasheng ECO-Trade Corporation, commented, "We believe this proposed joint venture could potentially provide the company with the ability to enter the agriculture market in the United States leveraging the expertise of the Yasheng Group." The closing of the joint venture will require the completion of definitive documentation, completion of due diligence by the Company, obtaining corporate approval of all parties and obtaining approval of the bankruptcy court, as Pfau has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the Southern District of California.

There is no guarantee that the parties will reach a final agreement or that the transaction will close on the terms set forth above.

About Yasheng ECO-Trade Corporation (OTCBB: YASH)

The Company's business is the identification and acquisition of undervalued assets within emerging industries for the purpose of consolidation and development of these businesses and sale if favorable market conditions exist. The Company's competencies include financial services, mergers and acquisitions, accounting, real estate development and natural resources exploration. The Company is currently in the process of developing a logistics center. As part of its strategy to develop a logistics center, the Company has entered a term sheet with Yasheng Group in which Yasheng Group, among other things, has agreed to contribute real property for the development of a logistics center.

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.

Yasheng ECO-Trade Corporation
Robin Ann Gorelick, 310-461-3559