Zongshen PEM Power Systems Inc. Named to 2008 TSX Venture 50

• ZPP ranked number one in the clean-tech sector

June 19, 2008 — Vancouver, British Columbia — Zongshen PEM Power Systems Inc. ("ZPP" or "the Company") (TSXV:ZPP), is pleased to announce that it was named to the 2008 TSX Venture 50™, a ranking of Canada's top emerging public companies listed on the TSX Venture Exchange. Further, the Company was ranked as the number one company in the clean-tech sector.

"I would like to thank the TSX Venture Exchange for their support, services and contribution to emerging and high growth companies such as ZPP in Canada," noted Zongshen Zuo, Chairman and CEO of Zongshen PEM Power Systems Inc. "We are very pleased with this accomplishment and look forward to a long and prosperous future for ZPP while working with the TSX Group."

The TSX Venture 50 are the top 10 companies in each of five major industry sectors (mining, oil & gas, technology & life sciences, diversified industries and clean-tech), based on ranking formula that includes revenue, return on investment, market cap growth, and trading volume.

The 2008 TSX Venture 50TM was compiled based on public historical data and is not an invitation to purchase securities listed on Toronto Stock Exchange and/or TSX Venture Exchange. TSX Group Inc. and its affiliates do not endorse or recommend any securities referenced in this ranking. Neither TSX Group Inc. nor its affiliated companies represent, warrant or guarantee the accuracy or the completeness of the information. You should not rely on the information contained in this news release for any trading, business or financial purposes. TSX Group Inc. and its affiliates assume no liability for any errors or inaccuracies in this news release or any use or reliance upon this information.

About Zongshen PEM Power Systems Inc.
Zongshen PEM Power Systems Inc. is a public company trading under the symbol ZPP on the TSX Venture Stock Exchange. The Company is engaged in the commercialization of alternative purchase securities listed on Toro 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 electric motorcycles, electric bicycles and other e-vehicles in China for the domestic and international market. 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. Zongshen Industrial Group 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 more information please contact:
Ali Mahdavi
Zongshen PEM Power Systems Inc.
Vice President, Corporate Finance & Investor Relations
1-416-962-3300
1.877.775.8734
amahdavi@zongshenpem.com