GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. — Capital/Financing Update 2011

Dec 14, 2011

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.

==> picture [478 x 146] intentionally omitted <==

ANNOUNCEMENT PROPOSED INVESTMENT IN GUODIAN TECHNOLOGY & ENVIRONMENT GROUP CO., LTD.

The board of directors (the “ Directors ”) of Xinjiang Goldwind Science & Technology Co., Ltd. (the “ Company ”) hereby announces that Goldwind New Energy (HK) Investment Ltd., a wholly-owned subsidiary of the Company, has agreed to subscribe for such number of shares (the “ Offer Shares ”) offered by Guodian Technology & Environment Group Co., Ltd. (國電科 技環保集團股份有限公司, “ Guodian Tech ”) that may be purchased for the Hong Kong dollar equivalent of not more than US$15 million in aggregate at the final offer price to be determined during the initial public offering of its Offer Shares. The Offer Shares are expected to be listed and traded on the main board of The Stock Exchange of Hong Kong Limited before the end of 2011.

As disclosed in the prospectus of Guodian Tech dated 9 December 2011, it is the largest environmental protection and energy conservation solutions provider for coal-fired power provider in the People’s Republic of China (the “ PRC ”), based on cumulative installed capacity (in the case of its environmental protection solutions business) and contract value (in the case of its energy conservation solutions business) as of December 31, 2010; and a renewable energy equipment manufacturer and service provider.

Guodian Tech, like China Longyuan Power Group Co., Ltd., is a subsidiary of China Guodian Corporation (together with its subsidiaries, the “ Guodian Group ”). The Directors believe that the proposed investment will further consolidate the strategic cooperation in the wind power industry between the Company and the Guodian Group, and the growth potential of the environmental protection and energy conservation of the coal-fired power industry will bring investment returns for the Company.

By order of the Board Xinjiang Goldwind Science & Technology Co., Ltd. Ma Jinru Company Secretary

Beijing, China, 14 December 2011

As at the date of this announcement, the executive directors of the Company are Mr. Wu Gang and Mr. Guo Jian; 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