Gold Bennett Cera & Sidener LLP Announces Notice of Hearing to Determine Approval of Proposed Settlement of Class Action

  Gold Bennett Cera & Sidener LLP Announces Notice of Hearing to Determine
  Approval of Proposed Settlement of Class Action

Business Wire

SAN FRANCISCO -- January 29, 2013

The following statement is being issued by Gold Bennett Cera & Sidener LLP
pursuant to an order of the United States District Court for the Southern
District of New York:

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF NEW YORK
                                      
IN RE WONDER AUTO                       No. 11-CV-03687-PAE

TECHNOLOGY, INC. SECURITIES             

LITIGATION                              ECF CASE
This Document Relates To: All Actions

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED WONDER AUTO TECHNOLOGY,
INC. (“WATG”) PUBLICLY TRADED SECURITIES DURING THE PERIOD FROM MARCH 30, 2009
THROUGH MAY 6, 2011, INCLUSIVE (THE “SETTLEMENT CLASS PERIOD”)

YOU ARE HEREBY NOTIFIED, (1) that the above-captioned action (the “Action”)
has been preliminarily certified as a class action for purposes of a proposed
settlement on behalf of the Settlement Class identified above, except for
certain persons and entities who are excluded from the Settlement Class by
definition as set forth in the Stipulation and Agreement of Settlement, and
(2) that aAd Partners LP (“Lead Plaintiff”) and defendant Wonder Auto
Technology, Inc. (“WATG”) have entered into a proposed settlement (the
“Settlement”) for three million dollars U.S. ($3,000,000) in cash. If
approved, the Settlement will resolve all claims in the Action.

A hearing will be held before the Honorable Paul A. Engelmayer in the United
States District Court for the Southern District of New York, at the Daniel
Patrick Moynihan United States Courthouse, 500 Pearl Street, Courtroom 18C,
New York, NY 10007, on May 29, 2013 at 2:30 p.m., for the purpose of
determining (1) whether the proposed Settlement of the claims in the Action
for the sum of three million dollars U.S. ($3,000,000) in cash (the
“Settlement Fund”) should be approved by the Court as fair, reasonable, and
adequate; (2) whether a proposed settlement class should be certified for the
purposes of the Settlement; (3) whether, thereafter, the Action should be
dismissed with prejudice as to the Defendants pursuant to the terms and
conditions set forth in the Stipulation and Agreement of Settlement dated
January 9, 2013 (“Stipulation”); (4) whether the proposed plan of allocation
is fair, reasonable, and adequate and therefore should be approved; and (5)
whether Lead Counsel’s request for an award of attorneys’ fees of 16.66% of
the Settlement Fund and up to one hundred thousand dollars U.S. ($100,000) in
reimbursement of expenses incurred in connection with the Action should be
approved. The Court may change the date of the hearing without providing
additional notice to Class Members.

If you purchased or acquired WATG securities during the period March 30, 2009
through May 6, 2011, inclusive, your rights may be affected by the Settlement
of this Action and you may be entitled to share in the Net Settlement Fund.

If you have not received a detailed Notice of Pendency of Class Action and
Proposed Settlement, Settlement Fairness Hearing, and Motion for Attorneys’
Fees and Reimbursement of Litigation Expenses (the “Notice”) or a copy of the
Proof of Claim and Release form, you may obtain copies by contacting: In re
Wonder Auto Technology, Inc, Securities Litigation, c/o Gilardi & Co., LLC,
P.O. Box 5100, San Rafael, CA 94912-5100, or toll-free at 1-877-283-1773.
Copies of the Notice and Claim Form may also be downloaded from:
www.gilardi.com/WonderAuto.

If you are a Settlement Class Member, in order to share in the distribution of
the Net Settlement Fund, you must submit a complete and valid Proof of Claim
and Release Form postmarked no later than April 15, 2013, establishing that
you are entitled to recovery.

IF YOU BELIEVE YOU MIGHT BE A SETTLEMENT CLASS MEMBER, YOU ARE STRONGLY URGED
TO OBTAIN THE NOTICE AND PROOF OF CLAIM AND RELEASE FORM AS THIS IS ONLY A
SUMMARY NOTICE AND THE FULL DETAILS OF THE PROPOSED SETTLEMENT, PLAN OF
ALLOCATION, REQUEST FOR ATTORNEYS’ FEES AND REIMBURSEMENT OF EXPENSES, AND
THEIR POTENTIAL IMPACT ON YOU AND YOUR RIGHTS ARE SET FORTH IN THAT NOTICE.

 Inquiries, other than requests for copies of the Notice, may also be made to
                                Lead Counsel:
                       Gold Bennett Cera & Sidener LLP
               Solomon B. Cera, Esq. or Thomas C. Bright, Esq.
                        595 Market Street, Suite 2300
                           San Francisco, CA 94105
                          Telephone: (415) 777-2230
                   scera@gbcslaw.com or tbright@gbcslaw.com

If you wish to be excluded from the Settlement Class, you must file a request
for exclusion postmarked no later than March 16, 2013, in the manner and form
explained in the detailed Notice referred to above. All Members of the
Settlement Class who do not timely and validly request exclusion from the
Settlement Class will be bound by any judgment entered in the Action pursuant
to the terms and conditions of the Stipulation.

If you wish to object to the proposed settlement, the proposed plan of
allocation and/or Lead Counsel’s application for an award of attorneys’ fees
and/or reimbursement of litigation expenses, you must file any objection in
the manner and with the content explained in the detailed Notice referred to
above, so that it is received no later than May 8, 2013, by:

The Court:

CLERK OF THE COURT     Lead Counsel for Settlement
                       Class:                          Counsel for Defendants:
UNITED STATES
DISTRICT COURT         Solomon B. Cera                 Paul T. Friedman

SOUTHERN DISTRICT      Thomas C. Bright                Anna Erickson White
OF NEW YORK
                     GOLD BENNETT CERA &           MORRISON & FOERSTER LLP
Daniel Patrick         SIDENER LLP
Moynihan                                               425 Market Street
United States          595 Market Street, Suite
Courthouse             2300                            San Francisco,
                                                       California 94105
500 Pearl Street       San Francisco, California
                       94105
New York, New York
10007-1312

                      PLEASE DO NOT CONTACT THE COURT OR
                  THE CLERK’S OFFICE REGARDING THIS NOTICE.

DATED: January 15, 2013

BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

Contact:

Gold Bennett Cera & Sidener LLP
Solomon B. Cera, 415-777-2230