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

Aug 18, 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.

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ANNOUNCEMENT PROPOSED ISSUANCE OF CORPORATE BONDS

Reference is made to the announcement of Xinjiang Goldwind Science & Technology Co., Ltd. (the “ Company ”) dated 19 April 2011 and circular (the “ Circular ”) to the shareholders of the Company dated 9 May 2011 with regard to, among other things, the proposed issue of corporate bonds. Unless otherwise indicated, capitalised terms used in this announcement shall have the same meaning as those defined in the Circular.

The board of the Company is pleased to announce that the Company has been informed that, on 17 August 2011, the Issue Review Committee ( 發行審核委員會 ) of the China Securities Regulatory Commission (the “ CSRC ”) reviewed and approved its application for issuance of corporate bonds to the public in the PRC. However, as at the date of this announcement, the Company has not received a formal written approval of the CSRC.

The Company will make further announcements in respect of the progress of the proposed issue of corporate bonds and keep the shareholders of the Company and the public apprised upon any development where appropriate.

Xinjiang Goldwind Science & Technology Co., Ltd. Ma Jinru Company Secretary

Beijing, China, 18 August 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 and Mr. Lv Houjun; and the independent nonexecutive directors are Mr. Wang Yousan, Mr. Shi Pengfei and Dr. Tin Yau Kelvin Wong.

* For identification purpose only