Ming Yang unaffected by wind turbine subsidy cuts

China Ming Yang Wind Power Group Limited , a leading wind turbine manufacturer in China, does not see any impact from a proposed subsidy cut by the Chinese Government.

The Chinese Government has now agreed to stop providing a subsidy for Chinese wind turbine generator manufacturers and component suppliers endorsing home-made parts for new products.

Ming Yang does not currently receive any subsidy under the aforementioned Chinese Government subsidy program, and does not expect the subsidy cut to affect the Company's operations.

"Our vertically integrated business model is a key part of our competitive design and cost improvement program," said Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Together with our tradition of technological innovation in WTG design and manufacturing for both our 1.5MW WTG as well as the ground-breaking 2.5/3.0MW Super Compact Drive  WTG, we are confident that we can continue to deliver shareholder value."