GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. — Capital/Financing Update 2015

Jun 9, 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of the 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 ISSUE OF OVERSEAS BONDS

Reference is made to the announcements of Xinjiang Goldwind Science & Technology Co., Ltd. (the “ Company ”) dated 25 April 2014 and 7 July 2014 with regard to the proposed issue of the debt financing instruments in the domestic and/or overseas market.

The board of directors (the “ Board ”) of the Company hereby further announces that the Board, pursuant to approval and authorisation of the shareholders of the Company on 7 July 2014, has approved the proposed issue of oversea bonds by Goldwind New Energy (HK) Investment Limited (the “ Goldwind New Energy ”), a wholly-owned subsidiary of the Company as follows:

(i) Issuer		:	Goldwind New Energy;
(ii) Size of issue		:	Not exceeding USD300 million;
(iii) Standby Letter of		:	The proposed bonds issuance will have the benefit
Credit			of standby letter of credit to be issued by Bank of
			China Limited;
(iv) Term		:	Up to three years (including three years);
(v) Currency		:	United States Dollar;
(vi) Use of Proceeds		:	To replenish working capital and repay bank loans;
(vii) Interest rate		:	To be determined on the prevailing market
			condition; and
(viii)Proposed	Listing	:	The Hong Kong Exchanges and Clearing Limited.
Place

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In connection with the proposed issue by Bank of China Limited of standby letter of credit the Company is proposed to provide counter guarantee to the bank for an amount not exceeding USD300 million.

As of the date of this announcement, no agreement has been entered into in respect of the proposed issue of overseas bonds. Further announcement will be made if there is any progress on the proposed overseas bonds issue.

By order of the Board

Xinjiang Goldwind Science & Technology Co., Ltd.

Ma Jinru

Company Secretary

Beijing, 9 June 2015

As at the date of this announcement, the executive Directors are Mr. Wu Gang, Mr. Wang Haibo and Mr. Cao Zhigang; the non-executive Directors are Mr. Li Ying, Ms. Hu Yang and Mr. Yu Shengjun; and the independent non-executive Directors are Dr. Tin Yau Kelvin Wong, Mr. Yang Xiaosheng and Mr. Luo Zhenbang.

* For identification purpose only

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