Jinpan International Named to Forbes Asia's Fourth Annual Best Under A Billion List

ENGLEWOOD CLIFFS, N.J., Sept. 24 /PRNewswire-FirstCall/ -- Jinpan International Ltd. (Nasdaq: JST), a leading designer, manufacturer, and marketer of cast resin transformers for voltage distribution equipment, today announced that for the second year in a row, the Company was named to the Forbes List of 'Asia's Best 200 Under A Billion.'

Forbes Asia's fourth annual Best Under A Billion list focuses on Asia-Pacific companies with under $1 billion in sales. The winners were culled from 24,155 publicly listed outfits. More than a quarter of last year's companies returned in 2008, including Jinpan.

Mr. Zhiyuan Li, Chief Executive Officer of Jinpan commented, "We are very pleased to be named to the Forbes List of Asia Best 200 for the second consecutive year. This list recognizes compelling companies with consistent sales and profit growth and we continue to strive to set ourselves apart as a leader in the field of cast resin transformers, switchgears, unit substations and wind tower transformer products. Our inclusion on this list is a result of the hard work and dedication of our employees, partners and customers who have made this recognition possible."

Additional information about the company's ranking can be found on www.forbes.com

About Jinpan International Ltd.

Jinpan International Ltd. (Nasdaq: JST) designs, manufactures, and markets cast resin transformers for voltage distribution equipment in China and other various countries around the world. Jinpan's cast resin transformers allow high voltage transmissions of electricity to be distributed to various locations in lower, more usable voltages. The Company has obtained ISO9001 and ISO1401 certifications of its cast resin transformers. Its principal executive offices are located in Hainan, China and its U.S. headquarters is based in Englewood Cliffs, New Jersey.

Safe Harbor Provision

Forward Looking Statements "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and observations and involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, the following:

-- our ability to successfully implement our business strategy;

-- the impact of existing and new competitors in the markets in which we compete, including competitors that may offer less expensive products and services, more desirable or innovative products or technological substitutes, or have more extensive resources or better financing;

-- the effects of rapid technological changes and vigorous competition in the markets in which we operate;

-- uncertainties about the future growth in electricity consumption and infrastructure development in the markets in which we operate;

-- uncertainties about the degree of growth in the number of consumers in the markets in which we operate using mobile personal communications services and the growth in the population in those areas;

-- other factors or trends affecting the industry generally and our financial condition in particular;

-- the effects of the higher degree of regulation in the markets in which we operate;

-- general economic and political conditions in the countries in which we operate or other countries which have an impact on our business activities or investments;

-- the monetary and interest rate policies of the countries in which we operate;

-- changes in competition and the pricing environments in the countries in which we operate;

-- exchange rates; and

-- other factors listed from time to time in the our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 20-F for the period ended December 31, 2007 and our subsequent reports on Form 6-K.

SOURCE Jinpan International Ltd.