National Press Release

HARBIN, China, Aug. 1 /Xinhua-PRNewswire-FirstCall/ -- Harbin Electric, Inc., ('Harbin Electric' or the 'Company'; Nasdaq: HRBN), a leading developer and manufacturer of a wide range of electric motors, today announced that it will host a conference call to discuss the second quarter financial results at 8:30 a.m. ET on Monday, August 11, 2008. Tianfu Yang, Chairman and Chief Executive Officer, Zedong Xu, Chief Financial Officer, and Christy Shue, Executive Vice President will be on the call. The Company plans to release its second quarter earnings before the conference call.

To participate in the conference call, please dial any of the following numbers:

    USA:            1-800-603-1779
    International:  +1-706-643-7429
    North China:    10-800-713-0755
    South China:    10-800-130-0724

    The conference ID for the call is 58805324.

A replay of the call will be available beginning at 9:30 a.m. ET on August 11, 2008 and will remain available through midnight on August 18, 2008.

    To access the replay, please dial any of the following numbers:

    USA:            1-800-642-1687
    International:  +1-706-645-9291

    Passcode is 58805324.

This conference call will be broadcast live over the Internet. To listen to the live webcast, go to http://www.harbinelecttic.com and click on 'Harbin Electric Q2 2008 Earnings Conference Call'. The replay of the webcast will be available for 30 days and will be archived on the Investor Kits page of the website after 30 days.

About Harbin Electric, Inc.:

Harbin Electric, headquartered in Harbin, China, is a leading developer and manufacturer of a wide array of electric motors with a focus on innovative, customized and value-added products. Our major product lines include linear motors, automobile specialty micro-motors, and industrial rotary motors. Our products are purchased by a broad range of domestic and international customers, including those involved in oil services, factory automation, food processing, packaging, transportation, automobile, medical devices, machinery and tool manufacturing, petrochemical, as well as metallurgical and mining industry.

Harbin Electric has built a strong research and development capability by recruiting talent worldwide and through collaborations with top scientific institutions. We own numerous patents in China and have developed award-winning products for our customers. Through our U.S. and China-based subsidiaries, we operate three manufacturing facilities in China located in Harbin, Shanghai, and Weihai, with the Shanghai facility currently under construction. We have approximately 2,200 employees including employees at our newly acquired company Hengda Electric Motor Co. Ltd. Each of the three manufacturing facilities is dedicated to a specific product line and is equipped with state-of-the-art production equipment and quality control systems.

As China is transitioning into an industrial base, Harbin Electric is aspired to be a pioneer leading the Chinese industrialization and technology transformation in the manufacturing sector. To learn more about Harbin Electric, visit http://www.harbinelectric.com .

Safe Harbor Statement

The actual results of Harbin Electric, Inc. could differ materially from those described in this press release. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release may be found in the Company's periodic filings with the U.S. Securities and Exchange Commission, including the factors described in the section entitled 'Risk Factors' in its annual report on Form 10-KSB for the year ended December 31, 2007. The Company does not undertake any obligation to update forward-looking statements contained in the press release. This press release contains forward-looking information about the Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as 'believe,', 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and the Company's future performance, operations and products.

    For investor and media inquiries, please contact:

    In China
     Harbin Electric, Inc.
     Tel:   +86-451-8611-6757
     Email: MainlandIR@Tech-full.com

    In the U.S.
     Christy Shue
     Harbin Electric, Inc.
     Executive VP, Finance & Investor Relations
     Tel:   +1-631-312-8612
     Email: cshue@HarbinElectric.com

     Kathy Li
     Christensen Investor Relations
     Tel:   +1-212-618-1987
     Email: kli@christensenir.com

SOURCE Harbin Electric, Inc.