A-Power Energy Generation (PINK:APWR)

SHENYANG, China, September 20, 2011 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR, "A-Power" or the "Company"), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today announced that the Audit Committee of A-Power's Board of Directors has approved the engagement of BDO Daejoo LLC as its new independent registered public accounting firm and has specifically engaged BDO Daejoo LLC to audit the Company's financial statements for the year ended December 31, 2010. The appointment was made on September 16, 2011, effective September 15, 2011.

BDO Daejoo LLC is currently registered with the Public Company Accounting and Oversight Board.

The engagement by the Company of BDO Daejoo LLC follows the resignation of the Company's former independent registered public accounting firm, MSCM LLP, effective June 26, 2011. As previously reported, MSCM LLP stated that it had resigned because the Company had not retained a qualified independent forensic accounting firm to evaluate certain business transactions that MSCM stated was necessary for MSCM to complete its audit of the Company's financial statements for the year ended December 31, 2010 on a timely basis.

MSCM's audit reports on A-Power's financial statements as of and for the years ended December 31, 2009 and 2008 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles. During those periods, there were no disagreements between the Company and MSCM on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to the satisfaction of MSCM, would have caused MSCM to make reference to the subject matter of the disagreement in connection with its report.