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 Tracking 1053 U.S. listed China Stocks and Counting...
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 Wonder Auto Tech (PINK:WATG)

Monday, January 9, 2012
On January 9, 2012, Wonder Auto Technology, Inc. (the “Company”) signed a Memorandum of Understanding (the “MOU”) with Worthy Talent Development Limited (“WTD”), an entity organized under the laws of the British Virgin Islands, pursuant to which WTD agreed to provide a loan, the material terms of which are summarized below, in the amount of US$6,000,000 to the Company within two months. The Company agreed to issue a convertible note (the “Note”) in the amount of US$6,000,000 to WTD at the time the loan proceeds are disbursed.