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YaSheng Group Is in Position to Benefit From the Abolishment of China's National Agriculture Tax

YaSheng Group Is in Position to Benefit From the Abolishment of China's National Agriculture Tax

REDWOOD CITY, CA -- (MARKET WIRE) -- 03/14/06 -- The YaSheng Group (OTC: YHGG) is in position to benefit from the abolishment of China's National Agriculture Tax. Premier Wen Jiabao of China pledged on March 5th, 2006, to spread prosperity to all in an address to the 10th National People's Congress as he laid out the next 11th 5 year that will last from 2006 to 2010. Part of this pledge is to abolish the national agricultural tax.

YaSheng expects to see a yearly tax reduction of $3.5 Million USD starting in the year 2006. Further benefits for YaSheng are laid out in the Premier's plan to develop the industries which make up YaSheng Group's core business model "Agriculture, Biotechnology, and Chemicals." These remain the central long-term business model of the companies 5 and 10 year plan.

Premier Wen Jiabao said the government "will make a major change" to shift its priority in infrastructure investment from cities to countryside to improve the agricultural conditions. The Premier hailed the "epoch-making significance" of the government's goal of scrapping the 2,600-year-old agricultural tax throughout the country starting this year. He said the government will spend US$42.3 billion in 2006 and billions more in the future on upgrading agriculture and rural social services, as reported in the China Daily (the Chinese national newspaper), on March 6th, 2006. Over 600 hundred journalists from over 35 countries worldwide were present for this groundbreaking plan set out in direction by the Premier.

YaSheng Group stands in position as a recognized well respected successful enterprise in the North West of China to benefit from the national direction to promote their core business model. Agriculture is the origin of YaSheng success and the base for their expansion into the Chemical and Biotechnology industries over the past 20 years. These industries are all related in operations and have been in coordination of the nation's national economic developments.

The company's earnings will only improve as they focus on key industrial projects within China's evolutionary economic developments and beneficial national policies to develop the national economy.

YaSheng currently has more then 10 new projects in development that will tap into these common goals of the People's Republic of China. These plans stretch over modern high tech agriculture, alternative environmentally friendly fuels, chemicals, and modern biotechnology that benefit society and the environment in many ways.

The 10th five year plan ending 2005 was to promote the infrastructure of the north west of China and YaSheng is in position to benefit from this key element of building this foundation for a sustainable future. The company's diverse industries will benefit as national policies change to promote the next step in YaSheng's recognition as a global leader. Chairman Zhou Cheng Sheng has focused on global and domestic developments for over 30 years and his inspiration has lead to this success of YaSheng global leadership.

About YaSheng Group:

The YaSheng Group (OTC: YHGG) is a diversified industrial conglomerate incorporated in Redwood City, California, operates in hi-tech agriculture, salt chemistry and biological technology as its core business with advantages in rich land, mineral resources, capital and technology reserves. Through its 136 subsidiaries, the company operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing. With total assets of approximately $1.5 billion USD and over 15,000 employees, YaSheng Group has 155,097,355 shares issued and outstanding as of December 1, 2004.

Further information concerning YaSheng Group can be found on the Corporate website:

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.

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