Bloks Group Limited — Board/Management Information 2009

Jun 11, 2009

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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(incorporated in Bermuda with limited liability)

(Stock Code: 182)

RE-DESIGNATION OF CHAIRMAN

The board of directors (the “Board”) of China WindPower Group Limited (the “Company”) announces that with effect from 10 June 2009, Mr. Ko Chun Shun Johnson has resigned as Chairman of the Company, but remains as executive director and has taken up the position of Vice-Chairman of the Company. Mr. Liu Shunxing, the Chief Executive Officer of the Company, has become the Chairman of the Company on 10 June 2009.

The board of directors (the “Board”) of China WindPower Group Limited (the “Company”) announces that with effect from 10 June 2009, Mr. Ko Chun Shun Johnson (“Mr. Ko”) has resigned as Chairman of the Company, but will remain as executive Director and has taken up the position of Vice-Chairman of the Company. Mr. Liu Shunxing (“Mr. Liu”), the Chief Executive Officer of the Company, has become the Chairman of the Company on 10 June 2009.

Mr. Ko has presided as Chairman of the Company since 6 December 2006. Mr. Ko facilitated the Company’s successful debt and corporate restructuring in 2006 and as Chairman of the Company pioneered its transformation from a distributor of traditional “Sum Yung” products under the Nam Pei Hong brand name into a leading wind power company operating in Mainland China. With the Company’s transformation completed, the Company’s wind power business now being wellestablished and poised for continued growth and a strong management team in place, Mr. Ko feels that he may step down as Chairman of the Company. Mr. Ko remains as an executive Director of the Company and has taken up the position of Vice-Chairman of the Company. Mr. Liu, one of the founders of the Group’s wind power business, has assumed the position of Chairman of the Company in addition to Mr Liu’s current position as Chief Executive Officer of the Company.

• for identification purposes only

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Mr. Liu Shunxing

Mr. Liu, aged 47, has been the executive director and Chief Executive Officer of the Company since 13 July 2007. Mr. Liu is also the director of certain subsidiaries of the Group. Mr. Liu received his first degree in Electricity Generation from Tianjin University and was awarded a master degree of Energy Source Economy Management from the Management College of Harbin Institute of Technology. Mr. Liu is a council member of China Energy Research Institute and a deputy director of the China Special Interest Committee of Thermoelectricity. Mr. Liu formerly worked in the National Development and Reform Commission in the PRC and was formerly a vice president of the China Energy Conservation Investment Corporation in the PRC for eight years. Mr. Liu is an acknowledged expert in the wind power industry.

Mr. Liu has entered into a service contract with the Company but is not appointed for a specific term. Mr. Liu, as a director, shall be subject to retirement by rotation and re-election at general meetings in accordance with the bye-Laws of the Company. Mr. Liu’s remuneration will be determined by reference to his duties and responsibilities with the Company and the prevailing market condition and will be subject to review by the Remuneration Committee of the Company and the Board from time to time. Mr. Liu currently receives an annual remuneration of HK$1,192,000.

Mr. Liu, together with 3 other directors namely Mr. Wang Xun, Mr. Yang Zhifeng and Ms. Liu Jianhong collectively hold in aggregate an approximately 65.14% indirect interest in China Wind Power Investment Limited, which in turn holds 1,700,000,000 ordinary shares of the Company, and an aggregate amount of HK$31,700,000 convertible notes, which are convertible into 320,202,020 ordinary shares of the Company, subject to adjustment. Mr. Liu also has 5,000,000 share options with an exercise price of HK$0.45 each, and 6,000,000 share options with an exercise price of HK$0.302 each.

Save as disclosed above, Mr. Liu (i) does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company; (ii) does not have any interests in the shares of the Company within the meaning of Part XV of the SFO; (iii) does not hold other positions with other members of the Group; and (iv) does not have any directorship in any public listed companies in the past three years.

Mr. Ko Chun Shun Johnson

Mr. Ko, aged 57, was appointed the executive Director and Chairman of the Company in December 2006. Mr. Ko is also the Chairman and executive Director of Varitronix International Limited and DVN (Holdings) Limited, both of which are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Ko has extensive experience in direct investment, merger and acquisition, TMT (Telecommunications, Media and Technology), electronic manufacturing service, financial service and etc.

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Mr. Ko had been the Chairman and executive Director of MAE Holdings Limited and Media China Corporation Limited in the past 3 years.

Mr. Ko has not entered into any service contract with the Company and is not appointed for a specific term. Mr. Ko, as a director, shall be subject to retirement by rotation and re-election at general meetings in accordance with the bye-Laws of the Company. Mr. Ko’s remuneration will be determined by reference to his duties and responsibilities with the Company and the prevailing market condition and will be subject to review by the Remuneration Committee of the Company and the Board from time to time. Mr. Ko currently receives an annual remuneration of HK$569,000.

Mr. Ko, through his wholly-owned company, has interests in 2,000,000,000 ordinary shares of the Company. Mr. Ko also has a total of 6,000,000 share options with an exercise price of HK$0.302 each.

Save as disclosed above, Mr. Ko (i) does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company; (ii) does not have any interests in the shares of the Company within the meaning of Part XV of the SFO; (iii) does not hold other positions with other members of the Group; and (iv) does not have any directorship in any public listed companies in the past three years.

Save as disclosed above, there is no other information to be disclosed pursuant to paragraphs (h) to (v) of Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and there are no other matters that need to be brought to the attention of the shareholders of the Company in connection with such re-designation.

By order of the Board Chan Kam Kwan, Jason Company Secretary

Hong Kong, 10 June 2009

As at the date of this announcement, the Board comprises Mr. Liu Shunxing, Mr. Ko Chun Shun, Johnson, Mr. Wang Xun, Mr. Yang Zhifeng, Ms. Liu Jianhong and Mr. Chan Kam Kwan, Jason (who are executive Directors), Mr. Tsoi Tong Hoo, Tony (who is non-executive Director), and Mr. Ho Tak Man, Billy, Mr. Yap Fat Suan and Dr. Wong Yau Kar, David (who are independent non-executive Directors).

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