HLS Systems International to List on NASDAQ Global Select Market; New Ticker Symbol to Be "HOLI"

Business Wire, July 30, 2008

Company to Ring Nasdaq Closing Bell on August 8, 2008

BEIJING -- HLS Systems International, Ltd. (OTCBB: HLSYF) ("HLS" or the "Company"), today announced that the Company has received approval to list its common stock on the NASDAQ Global Select Market. The shares are expected to commence trading on NASDAQ on August 1, 2008, under the stock symbol "HOLI." Prior to this move, the Company's common stock was traded on the OTC Bulletin Board under the stock symbol "HLSYF."

The Company also announced that it has been invited by NASDAQ to ring the closing bell on August 8, 2008, to commemorate HLS' listing.

Dr. Wang Changli, HLS' Chief Executive Officer commented, "We are delighted to make the shift over to the NASDAQ Global Select Market. This transition marks a very important milestone for our Company. We are constantly striving to foster shareholder value and feel that the move to a prominent global exchange is a pivotal step in this process. We are also delighted to be invited to ring the closing bell on August 8th during a period when the world will be focusing on China's hosting of the 2008 Olympic Games. We believe that trading on NASDAQ will improve our visibility within the investment community and lead toward increased liquidity and an expansion in our shareholder base. We look forward to our future with confidence."

About HLS Systems International

HLS Systems International has become one of the leading automation systems providers in the PRC, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. To know more, start here: www.hollysys.com.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the significance of the Company's listing on the Nasdaq Global Select Market; the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of HLS' management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.