China Wind Energy (GREY:CWEY)

Business Overview Excerpts

On November 20, 2007 we entered into two agreements with China Wind Energy Ltd., a corporation organized and existing under the laws of the Hong Kong SAR of the People’s Republic of China (“China Wind HK”) and Jian Ren, who was formerly the sole shareholder of China Wind HK’s capital stock. The effects of these agreements were (a) the consummation of a reverse takeover transaction which resulted in the acquisition of China Wind HK as our wholly owned subsidiary and (b) Jian Ren becoming the holder of 81% of all of our issued and outstanding common stock as well as our director, President, Chief Executive Officers, Chief Financial Officer, Chief Accounting Officer, Secretary, and Treasurer. On November 29, 2007 we also added Xiya Sun and Huaiwen Zheng as directors. Further details on this transaction can be found in our Current Report on Form 8-K filed on November 30, 2007.

Harbin XingYe Wind Energy Technology Limited (“XingYe”), a company established under the Law of the People’s Republic of China (“China”) is one of our wholly owned subsidiaries after the reverse merger with China Wind HK. Going forward, we intend our sole line of business to be that of our wholly owned subsidiary, XingYe, which provides management consulting services to Harbin Lian Chuang Co., Ltd (“Lian Chuang”), a wind turbine blade manufacturing enterprise incorporated under the laws of China. Pursuant to our management agreement with Lian Chuang we are to receive 12% of all turbine blade revenues. The principal business of Lian Chuang includes research and development, production and sales of wind turbine blade products.

We have not generated any revenues from this management agreement and are currently in negotiations to acquire the business of Harbin Lian Chuang Co., Ltd.

Source (10Q For the quarterly period ended January 31, 2008)