PROPOSED ISSUE OF USD DENOMINATED CREDIT ENHANCED BONDS

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1 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. This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement is for information only and does not constitute or form a part of an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended. No securities may be offered or sold in the United States absent registration or an exemption from the registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company or the selling security holder. Such prospectus will contain detailed information about the company involved and its management and financial statements. The Company does not intend to make any public offering of securities or register any of the securities in the United States. XINJIANG GOLDWIND SCIENCE & TECHNOLOGY CO., LTD. * (a joint stock limited liability company incorporated in the People s Republic of China) Stock Code: PROPOSED ISSUE OF USD DENOMINATED CREDIT ENHANCED BONDS The Issuer, a direct wholly-owned subsidiary of the Company, proposes to conduct an international offering of USD denominated credit enhanced bonds to professional investors only and will commence a series of roadshow presentations and meetings with professional investors beginning on 14 July * For identification purpose only 1

2 The pricing of the Bonds, including the aggregate principal amount, the offer price and the interest rate, will be determined through a book building exercise to be conducted by Bank of China Limited, Deutsche Bank AG, Singapore Branch and Société Générale as the Joint Lead Managers of the Proposed Bonds Issue. Upon finalizing the terms of the Bonds, it is expected that the Issuer, the Company and the Joint Lead Managers will enter into the Subscription Agreement. Based on the opinion of DNV GL, an independent appraiser engaged by the Company, the Bonds meet the criteria under the relevant protocol created by DNV GL for the purpose of its assessment for green bonds, and that the Bonds are aligned with the stated definition of green bonds within the Green Bond Principles. The proceeds of the Proposed Bonds Issue shall be on-lent by the Issuer to any of the companies controlled by the Group for general working capital and refinancing purposes. Application will be made to the Hong Kong Stock Exchange for listing of, and permission to deal in, the Bonds by way of debt issue to professional investors only. A confirmation of eligibility for listing of the Bonds has been received from the Hong Kong Stock Exchange. Listing of the Bonds on the Hong Kong Stock Exchange is not to be taken as an indication of the merits of the Bonds, the Issuer, the Company or its subsidiaries. As no binding agreement in relation to the Proposed Bonds Issue has been entered into as of the date of this announcement, the Proposed Bonds Issue may or may not materialize. Investors and shareholders of the Company are urged to exercise caution when dealing in the securities of the Company. A further announcement in respect of the Proposed Bonds Issue will be made by the Company should the Subscription Agreement be executed. THE PROPOSED BONDS ISSUE Introduction The Issuer, a direct wholly-owned subsidiary of the Company, proposes to conduct an international offering of USD denominated credit enhanced bonds to professional investors only and will commence a series of roadshow presentations and meetings with professional investors beginning on 14 July

3 The Bonds, if issued, will have the benefit of an irrevocable standby letter of credit denominated in USD to be issued by Bank of China Limited, Macau Branch, and are expected to be supported by a keepwell deed to be executed by the Company. The pricing of the Bonds, including the aggregate principal amount, the offer price and the interest rate, will be determined through a book building exercise to be conducted by Bank of China Limited, Deutsche Bank AG, Singapore Branch and Société Générale as the Joint Lead Managers of the Proposed Bonds Issue. Upon finalizing the terms of the Bonds, it is expected that the Issuer, the Company and the Joint Lead Managers will enter into the Subscription Agreement. The Bonds have not been, and will not be, registered under the U.S. Securities Act. The Bonds will only be offered outside the United States in compliance with Regulation S under the U.S. Securities Act. None of the Bonds will be offered to the public in Hong Kong or to any connected person of the Company. The Group is a leading global wind energy solution provider and is exploring to develop into a global clean energy solution provider. It is one of China s pioneers in the wind power industry, and over the years it has matured into a full-service wind energy solutions provider, with products and services that cover the entire wind energy industry value chain. The Group has three business segments, namely (i) wind turbine generator research and development, manufacturing and sales business; (ii) wind farm investment and development business; and (iii) wind power services business. Green Bond Based on the opinion of DNV GL, an independent appraiser engaged by the Company, the Bonds meet the criteria under the relevant protocol created by DNV GL for the purpose of its assessment for green bonds, and that the Bonds are aligned with the stated definition of green bonds within the Green Bond Principles. Use of Proceeds The proceeds of the Proposed Bonds Issue shall be on-lent by the Issuer to any of the companies controlled by the Group for general working capital and refinancing purposes. 3

4 Listing Application will be made to the Hong Kong Stock Exchange for listing of, and permission to deal in, the Bonds by way of debt issue to professional investors only. A confirmation of eligibility for listing of the Bonds has been received from the Hong Kong Stock Exchange. Listing of the Bonds on the Hong Kong Stock Exchange is not to be taken as an indication of the merits of the Bonds, the Issuer, the Company or its subsidiaries. GENERAL As no binding agreement in relation to the Proposed Bonds Issue has been entered into as of the date of this announcement, the Proposed Bonds Issue may or may not materialize. Investors and shareholders of the Company are urged to exercise caution when dealing in the securities of the Company. A further announcement in respect of the Proposed Bonds Issue will be made by the Company should the Subscription Agreement be executed. DEFINITIONS In this announcement, unless the context otherwise requires, the following terms shall have the following meanings: Board the board of directors of the Company Bonds the USD denominated credit enhanced bonds to be issued by the Issuer Company Xinjiang Goldwind Science & Technology Co., Ltd.*, a joint stock limited liability company incorporated in the PRC on 26 March 2001 with H shares listed on the main board of the Hong Kong Stock Exchange and A shares listed on the Shenzhen Stock Exchange 4

5 connected person has the meaning ascribed thereto under Chapter 14A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited Director(s) the director(s) of the Company DNV GL DNV GL Business Assurance Services UK Limited, a wholly-owned subsidiary of DNV GL Business Assurance Group AS and DNV GL Group AS, an independent third party appraiser Group the Company and its subsidiaries Green Bond Principles the Green Bond Principles, a set of voluntary process guidelines for issuing green bonds, issued by the International Capital Market Association Hong Kong the Hong Kong Special Administrative Region of the PRC Hong Kong Stock Exchange The Stock Exchange of Hong Kong Limited Issuer Goldwind New Energy (HK) Investment Limited, a company incorporated under the laws of Hong Kong with limited liability on 22 September 2010 and a direct wholly-owned subsidiary of the Company Joint Lead Managers Bank of China Limited, Deutsche Bank AG, Singapore Branch and Société Générale Proposed Bonds Issue the proposed issue of the Bonds by the Issuer PRC the People s Republic of China, for the purpose of this announcement, excluding Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan 5

6 Subscription Agreement the subscription agreement to be entered into among the Issuer, the Company and the Joint Lead Managers in relation to the Proposed Bonds Issue USD United States dollar(s), the lawful currency of the United States of America U.S. Securities Act the United States Securities Act of 1933, as amended By order of the Board Xinjiang Goldwind Science & Technology Co., Ltd. Ma Jinru Company Secretary Beijing, 13 July 2015 As at the date of this announcement, the executive directors of the Company 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. 6