GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. — Board/Management Information 2012

Mar 23, 2012

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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CHANGE IN DIRECTOR AND PRESIDENT

The board of directors (the “ Board ”) of Xinjiang Goldwind Science & Technology Co., Ltd. (the “ Company ”) hereby announces that Mr. Guo Jian (“ Mr. Guo ”) has resigned as an executive director and president of the Company effective from 23 March 2012 due to health issues. Following his resignation, Mr. Guo will be engaged as an advisor to the Company.

Mr. Wu Gang, an executive director and the chairman of the Board has been appointed the president of the Company to fill the vacancy.

Mr. Guo has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board wishes to express its appreciation to Mr. Guo for his contribution to the Company during his tenure of office.

The Board also announces that Mr. Wang Haibo (“ Mr. Wang ”) has been proposed to be elected as a director of the Company at the forthcoming annual general meeting of the Company to be held for the year of 2011.

Mr. Wang Haibo, aged 37, is a vice president of the Company. Mr. Wang graduated from Xinjiang Finance and Economics Institute with a bachelor degree. He was director of our Marketing Center and Investment Development Department from 2001. He has been

managing deputy general manager, general manager and the chairman of Beijing Tianrun New Energy Investment Co., Ltd. since 2007. Since January 2011, he concurrently held the position of general manager in Goldwind International Holdings (HK) Limited. Mr. Wang acted as a supervisor of the Company representing the Company’s employees from 2005 to March 2010. He was appointed as vice president of the Company in March 2010.

Subject to approval of the shareholders of the Company at the forthcoming general meeting, his term of office shall commence from the next day of the date of the resolution approving his appointment until the expiry of the term of the 4th session of the Board, being 24 March 2013. The Company will not pay any extra remuneration to Mr. Wang, except for the remuneration for him acting as a vice president of the Company.

As at the date of this announcement, Mr. Wang does not hold any interest in the Company’s securities within the meaning of Part XV of the Securities and Futures Ordinance. Save for the information disclosed in this announcement, Mr. Wang (i) has no other relationship with any director, senior management or substantial shareholder of the Company; and (ii) has not held any other position with the Company or any of its subsidiaries or any directorship in other listed public companies in the last three years; and there is no other information required to be disclosed under Rule 13.51(2) of the Listing Rules nor are there any other matters that need to be brought to the attention of shareholders in relation to the appointment of Mr. Wang as a director of the Company.

By order of the Board

Xinjiang Goldwind Science & Technology Co., Ltd.

Ma Jinru Company Secretary

Beijing, 23 March 2012

As of the date of this announcement, the executive Directors of the Company are Mr. Wu Gang, the non-executive Directors are Mr. Li Ying, Mr. Gao Zhong, Mr. Lv Houjun and Ms. Hu Yang; and the independent non-executive Directors are Mr. Wang Yousan, Mr. Shi Pengfei and Dr. Tin Yau Kelvin Wong.

• For identification purpose only