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To: Glenn Petersen who wrote (1119)	4/17/2008 3:36:49 PM
From: Glenn Petersen	Respond to of 3862

Asia Automotive Acquisition (stock symbol: [t]AAAC[/t]) has announced that its shareholders have approved the acquisition of Hunan Tongxin Enterprise, self-described as "the largest independent Chinese supplier of commercial vehicle Body Structures." Shareholders Approve Merger of Asia Automotive Acquisition Corporation and Hunan Tongxin Enterprise Co., Ltd. Thursday April 17, 11:00 am ET Name to Change to Tongxin International, Ltd. NEW YORK and BEIJING, April 17 /PRNewswire-FirstCall/ -- Asia Automotive Acquisition Corporation (OTC Bulletin Board: AAAC - News, AAACU - News, AAACW - News; "AAAC") today announced that shareholders approved the merger with Hunan Tongxin Enterprise Co., Ltd., ("Hunan Tongxin") at a meeting that took place today at AAAC's corporate headquarters in Birmingham, MI. Approximately 85% of the shareholders voted for Proposal 1 and approximately 86% voted for Proposal 2. The Transaction In the transaction, AAAC will merge with Tongxin International, Ltd. ("TXI"), its wholly owned subsidiary, for the purpose of redomesticating to the British Virgin Islands. Each share of AAAC will automatically convert into one share of TXI, and each outstanding warrant of AAAC will be assumed by TXI with the same terms, but exercisable for common stock of TXI. At the same time as the merger, TXI will acquire 100% of the issued and outstanding common stock of Hunan Tongxin. The closing is expected to occur immediately after the Special Meeting. TXI has applied for listing on the NASDAQ Stock Market under the proposed symbols, TXIC, and TXICW, TXICU. Mr. William R. Herren, Tongxin International Chairman, noted "Hunan Tongxin continues a successful track record within the Chinese automotive market and adds a strong management team and focused technical capability as a basis for expansion globally." Mr. Duanxiang Zhang, Hunan Tongxin Chief Executive Officer, stated, "This vote marks an historic new chapter in Hunan Tongxin's history. As a result of the merger and anticipated NASDAQ listing, we will be a much stronger participant in the Chinese automotive market. In addition, we are confident that the merger will help us to expand on the international automotive markets, and in so doing will enhance the long term value of TXI for its shareholders." Hunan Tongxin Business Highlights Hunan Tongxin, established in 1984, is the largest independent Chinese supplier of commercial vehicle Body Structures ("EVBS") capable of providing products for both light, medium-sized and heavy-duty and van in addition to designing, fabricating and testing dies used to stamp automotive body panels. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels, fenders. Hunan Tongxin also manufactures complete cab structures for commercial vehicles. Hunan Tongxin's components must meet exacting dimensions for fit and finish before they are assembled and finally painted. These capabilities enable it to participate effectively in all sectors of the Chinese automotive market including light and commercial vehicles. <snip> biz.yahoo.com