GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. — Capital/Financing Update 2016

Aug 26, 2016

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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OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited .

The board of directors (the “ Board ”) of Xinjiang Goldwind Science & Technology Co., Ltd. (the “ Company ”) hereby enclose the announcement entitled the “ Announcement Regarding the Investment in zPark Capital II by our Wholly Owned Subsidiary Goldwind USA, Inc.” which has been published by the Company on the website of Shenzhen Stock Exchange for your reference.

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

Beijing, 26 August 2016

As at the date of this announcement, the Company’s executive directors are Mr. Wu Gang, Mr. Wang Haibo and Mr. Cao Zhigang; non-executive directors are Mr. Yu Shengjun, Mr. Zhao Guoqing and Mr. Feng Wei; and independent non-executive directors are Mr. Yang Xiaosheng, Mr. Luo Zhenbang and Mr. Christopher F. Lee.

* For identification purpose only

Stock Code: 002202 Stock Name: Goldwind Announcement Code: 2016-050

Xinjiang Goldwind Science & Technology Co., Ltd Announcement Regarding the Investment in zPark Capital II by our Wholly Owned Subsidiary Goldwind USA, Inc.

The company and all members of the board of directors warrant that information contained herein is true, accurate and complete, and this announcement does not contain false or misleading misrepresentation or material omission.

1. Investment Overview

Goldwind USA, Inc. (“ Goldwind USA ”), a wholly owned subsidiary of Xinjiang Goldwind Science & Technology Co. Ltd. (“ Goldwind ” or the “ Company ”), is planning to invest no more than USD5 million in zPark Capital II, a venture capital fund in Silicon Valley, by means of limited partnership.

With 9 votes of approval, 0 against and 0 abstain, Proposal Regarding the Investment in zPark Capital II by our Wholly Owned Subsidiary Goldwind USA, Inc. was passed in the second meeting of sixth session of the board of directors of the Company on 26 August 2016. The proposal is subject to the approval of the shareholders of the Company.

This investment does not constitute a connected transaction.

2. Basic Introduction of the Partner

Amino Capital (which includes zPark Capital) was established in 2012. Its office is in Silicon Valley, Palo Alto.

Amino Capital is a venture capital fund focused on early-stage high-tech companies. Since its establishment, it has invested in more than 80 start-ups in Silicon Valley, of which Chinese projects accounted for about half. All of the partners in the management team have specialized technological backgrounds, including the following: big data, semiconductor hardware, integrated circuits, and industrial design specialists as well as biomedical PHDs. Amino Capital, thus, has a keen eye and accurate foresight for investing in internet, digital security, wearable technology, artificial intelligence, as well as online-to-offline (O2O) projects.

3. Main Objectives of the Investment

i. Investment Information

1. Name of fund: zPark Capital II

2. Scope of Investment: Amino Capital mainly invests in markets in China, Japan, and Asia-Pacific. The investments are focused on early innovators of technologies such as: data search, real networking, androids, drones, smart health hardware,

company level cloud service, sharing economy, household security monitoring, Internet finance, supply chain, game entertainment, image recognition, corporate level sales management, network and mobile end security, digital medical platform, media advertising, e-commerce, localized translation platform, and genome big data.

ii. Investment Plan

1. Sum of investment: Not more than USD 5 million (representing 10% of the fund’s scale)

2. Method of investment: Limited partnership; dual incubation and income-oriented strategy, collaborative use of projects and investments, discussion on ways to make strategic investment

3. Subject of investment: Goldwind USA

4. Profit from investment: After entering into the limited partnership, Goldwind USA’s share of investment income will include those from projects already invested by the fund and those from projects subsequently invested by the fund.

4. Reasons for Foreign Investment and its Effects on the Company

This investment will create a collaborative channel, through strategic investment and Silicon Valley’s high-tech resources, that elevates the Company to participate in global innovative platforms. New energy innovative technology projects can improve the technology of the Company while providing earnings for the Company and help the sustainable development of the Company.

5. Investment Risk Analysis and Goldwind’s Risk Control Measures

The main risk of this investment is:

1. Risk of Failure from New Technology in Silicon Valley

Amino Capital focuses investments into cutting-edge technology. This type of technology has an uncertain market and user response. There is a low success rate for startups with cutting-edge technology.

2. Risk Associated with Technology Start-ups in Transition

Startups in Silicon Valley are experts in technology and research and development, but when a start-up transitions to a corporate they must focus on product commercialization, team management, strategic planning and other areas outside their strengths. There is risk on exposure to the market and management transformation.

3. Risk of Project Investment Withdrawal

Goldwind’s investment fund is concentrated in angel funds, seed funds, Pre-A round funds, early stage funds; there are uncertain profits from investing and a large risk of withdrawal.

In response to these risks, the principal risk-mitigating measures are as follows:

The fund’s management team having different specialized technical backgrounds helps filter bad investments and increases the quality of investments; it also improves management and supervision of the projects after investment.

Strengthening the decision-making process for start-ups is one of the core tenets of the management team. Its specialties are in team management, identifying potential customers, legitimizing pivotal technology, business models, market prediction, and precise guidance and knowledge about major competitors. Because their success is dependent on the development of their investment, Amino Capital actively promotes start-ups in transition.

Goldwind agrees that, within the 12-month period after investment in the fund, it will not use idle proceeds from fund raising to supplement working capital temporarily, not to change the use of proceeds to replenish working capital permanently, and not to use proceeds from over-subscription in fund raising to permanently replenish working capital or repay bank loans.

6. Recommendation from the Independent Directors

Goldwind has already established the Risk Investment Administration Institution which has relatively robust investment management control. This investment has been submitted to Goldwind’s board of directors for consideration and will be submitted to the forthcoming general meeting for consideration by the shareholders of the Company, in accordance with the Standard Operation Guidelines of Listed Company of Small and Medium Sized Enterprises Board on the Shenzhen Stock Exchange . The board has agreed to the investment.

Announcement is hereby given.

The Board Xinjiang Goldwind Science & Technology Co., Ltd. 26 August 2016