Zongshen PEM Power Systems Inc. To Host Conference Call to Discuss the Second Quarter 2008 Financial Results

    TSX Venture Exchange: ZPP

    VANCOUVER, Aug. 21 /CNW/ - Zongshen PEM Power Systems Inc. ("ZPP" or "the
Company") (TSXV:ZPP), today announced that it will report its financial
results for the three-month period ended June 30, 2008, on Thursday August 28,
2008 at 8:00 a.m., Eastern Standard Time (EST). The Company will also hold a
conference call on the same day at 4:00 p.m., EST to discuss the financial
    Scheduled speakers for the call include Kim Oishi, Director, Frank Chen,
Chief Financial Officer and Ali Mahdavi, Vice President of Corporate Finance
and Investor Relations.

                Date: Thursday, August 28, 2008

                Time: 4:00 p.m., Eastern Standard Time

                Dial in number: 1-866-500-7713 or 416-849-2692

                Taped Replay: 1-866-245-6755 or 416-915-1035

                Taped Replay Pass Code: 574630 (Available for 14 days)

                Live Webcast Link: www.zongshenpem.com

    About Zongshen PEM Power Systems Inc.

    Zongshen PEM Power Systems Inc. is a public company trading under the
symbol ZPP on the TSX Venture Exchange. The Company is engaged in the
commercialization of alternative power systems including batteries, fuel cells
and solar power, for a variety of consumer and industrial applications. The
Company manufactures low-cost, high quality, environmentally friendly small
gas motorbikes, electric motorcycles, electric bicycles and other e-vehicles
in China for the Chinese domestic and international markets. Zongshen PEM
Power System's largest shareholder is Zongshen Industrial Group, one of
China's largest manufacturers and distributors of motorcycles, engines, and
power equipment.

    About Zongshen Industrial Group

    Zongshen Industrial Group was founded in 1992, and now consists of 30
totally or majority owned subsidiaries including Chongqing Zongshen Power
Machinery Co., which is listed on the Shenzhen Stock Exchange. The Company
employs in excess of 13,000 employees with assets in excess of RMB 8.4 billion
yuan. Zongshen Industrial Group implements the development strategy of related
diversification within thermodynamic machinery industry. Its engine products
mainly include motorcycle engines, mini-car engines, speedboat engines, and
general-purpose machinery. Its end products mainly include motorcycles,
speedboats and other power equipment. Zongshen Industrial Group now has an
annual production capacity of 2,000,000 motorcycles, 50,000 mini vans,
3,000,000 motorcycle engines, 5,000,000 general-purpose engines, and 100,000
car engines. Zongshen Industrial Group has established a leading brand for
motorcycles in China attracting some of the world's largest motorcycle
manufacturers as joint venture partners.

For further information:

For further information: Ali Mahdavi, Zongshen PEM Power Systems Inc.,
Vice President, Corporate Finance & Investor Relations, (416) 962-3300,
1-877-775-8734, amahdavi@zongshenpem.com

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