Asia Automotive Acquisition Corporation Files Preliminary Proxy Statement for Acquisition of Hunan TX Enterprise Co., Ltd.

NEW YORK - Asia Automotive Acquisition Corporation (BULLETIN BOARD: AAAC) has filed a preliminary proxy statement with the Securities and Exchange Commission ("SEC") for a special meeting of shareholders to be held to consider AAAC's pending acquisition of Hunan TX Enterprise Co., Ltd. ("TX"). As previously announced on July 25, 2007, AAAC had entered into an Equity Acquisition Agreement (the "Agreement") to acquire 100% of the outstanding shares of TX. On August 13, 2007, AAAC announced that the Changsha Ministry of Commerce approved the Agreement.

The preliminary proxy statement is subject to SEC review. The date of the special meeting of shareholders and the record date for the meeting will be specified in a definitive proxy statement to be mailed to shareholders following such review. For shareholders' general information, the preliminary proxy statement is available on the SEC's website at www.sec.gov.

Based in Changsha, China, TX is the largest independent Chinese supplier of Engineered Vehicle Body Structures ("EVBS") capable of providing products for both light and commercial vehicles. In addition TX designs, fabricates and tests dies used to stamp automotive body panels. EVBS consists of exterior body panels including doors, floor pans, hoods, and side panels fabricated into complete cabs. In addition TX sells these parts along with fenders as individual components.

(September 20, 2007)