GOLDWIND SCIENCE&TECHNOLOGY CO., LTD. — Capital/Financing Update 2017

May 8, 2017

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 Regarding Investment and Acquisition of Stockyard Hill Wind Farm Project in Australia

This is a voluntary announcement made by Xinjiang Goldwind Science & Technology Co., Ltd. (the “ Company ”) for keeping the shareholders of the Company and the potential investors informed of the latest business development of the Company.

Introduction

The board of the Company is pleased to announce that, on 5 May 2017 (after trading hours of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange” ), the Company and Goldwind International Holdings (HK) Limited (“ Goldwind International ”, with the Company, collectively, the “ Buyers ”), which is a wholly-owned subsidiary of the Company, entered into the share sale agreement (the “ Share Sale Agreement ”) with Wind Power Pty Ltd (the “Seller” ) and Origin Energy Limited (the “Seller Guarantor” ). The Seller is a whollyowned subsidiary of the Seller Guarantor. The Seller and Seller Guarantor have conditionally agreed to sell 100% equity interest of Stockyard Hill Wind Farm Pty Ltd (the “ Target Company ”) to the Buyers at the consideration of AUD110 million in cash (the “ Transaction ”). The Company plans to, through itself or its wholly owned subsidiary, inject a capital investment of no more than AUD 335 million under proposed funding plan in the future to develop the Target Company.

The Company, as one of the Buyers, has obtained the investment approval of the Foreigner Investment Review Board of Australian Federal Government. The Transaction does not require the approval or filing by the Development and Reform Commission, Ministry of Commerce, Administration of Foreign Exchange and other relevant administrative supervisory institutions in China.

Stockyard Hill wind farm project is located about 35 kilometers west of Ballarat, Victoria, Australia, and 140 kilometers west of Melbourne. The project’s total capacity is 527.5 MW, utilizing 149 units of the Company’s 140/3S WTGs, and has an annual energy output of

approximate 2,000GWh. Currently, the project is in the final stages of development, and plans to begin business operations by the end of 2019.

Principal Terms of the Share Sale Agreement

Buyers: the Company and Goldwind International Seller: Wind Power Pty Ltd Seller Guarantor: Origin Energy Limited, which will provide performance guarantee to Wind Power Pty Ltd Consideration: AUD110 million Mode of Payment: Cash Fund Provided: Self-owned fund of the Company Effective Time: Upon the signature of the Share Sale Agreement

Basic Information of the Seller and the Seller Guarantor

Seller is a limited company incorporated in Australia and a wholly-owned subsidiary of the Seller Guarantor which is primarily engaged in development of wind farms.

Seller Guarantor is a limited company incorporated in Australia which is a leading integrated energy company in Australia.

To the best of the knowledge, information and belief of the directors of the Company, having made all reasonable enquiries, each of the Seller and Seller Guarantor and their respective ultimate beneficial owners is independent third party who is independent of and not connected to the Company and the connected persons (as defined in the Rules Governing the Listing of Securities on the Stock Exchange (the “ Listing Rules ”) of the Company.

. Listing Rules Implications

As all applicable percentage ratios, as defined in Rule 14.07 of the Listing Rules for the Transaction do not exceed 5%, the Transaction does not constitute a notifiable transaction for the Company pursuant to Chapter 14 of the Listing Rules.

The Transaction does not constitute the major assets restructuring under the Measures for the Administration of Major Assets Restructuring of Listed Companies issued by China’s Securities Regulatory Commission.

Purpose and Impact of the Acquisition

The Transaction and subsequent development of the Target Company is designed to further expand the Company's presence in international markets, strengthen the Company's competitive advantage in Australia, and promote the Company's business development.

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

Beijing, 8 May 2017

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. Zhao Guoqing, Mr. Feng Wei and Mr. Gao Jianjun; and the independent non-executive Directors are Mr. Yang Xiaosheng, Mr. Luo Zhenbang, and Dr. Tin Yau Kelvin Wong.