SOX News

PricewaterhouseCoopers to Assist Sunway in Sarbanes-Oxley Compliance Efforts

(Nov 18, 2008)-- Sunway Global, provider of hospital logistic automation in China, announced today that it has appointed PricewaterhouseCoopers ("PwC") to assist the Company with its compliance with Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX").

Under the agreement, PwC will provide internal controls consulting services to Sunway, such as assisting Sunway in the documentation of its internal controls over financial reporting and disclosure and providing recommendations for improvement, as appropriate and agreed-upon with Sunway. PwC will also provide regular updates to Sunway's management and the Company's Board of Directors during the period of the engagement.

"We look forward to working with PwC in our efforts to reach compliance with SOX," stated Sam Sheng, Chief Financial Officer of Sunway. "Our management team is committed to improving our disclosure controls and practices and providing our shareholders with higher quality financial reporting. Improved internal controls should also enable our company to continue to strengthen its operations and business practices."

, through its wholly owned subsidiaries, is a leading provider of hospital logistic automation in China. Leveraging on its proprietary technologies, Sunway is engaged primarily in the design, manufacture, sale and maintenance services of two product lines: hospital Pneumatic Tube Systems ("PTS") and Sunway Automatic Dispensing and Packaging systems ("SADP"). It maintains the largest market share in these two segments in China and has an installed base of approximately 200 hospitals in 23 provinces. Sunway has a seasoned management team with a strong focus on standards and technologies. Currently, Sunway has 13 issued patents covering automation and control. Founded in 1971, Sunway is headquartered in Daqing with approximately 200 employees.

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