China Wind Systems (NASDAQ:CWS)

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Monday, November 7, 2011

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On November 3, 2011, the Company received a staff deficiency notice from The Nasdaq Stock Market informing the Company that its common stock failed to comply with the requirement that the common stock maintain a minimum market value of publicly held shares of $5,000,000. The staff deficiency notice said that the Company failed to meet this requirement because the market value of publicly held shares was below $5,000,000 for the period from September 22, 2011 to November 2, 2011. Nasdaq computes the market value of publicly held shares by multiplying the number of publicly held shares based on the most recent publicly held shares information, by the closing bid price. Publicly held shares are defined under the Nasdaq rules as shares not held directly or indirectly by an officer, director or any person who is the beneficial owner of more than 10% of the total shares outstanding.

Nasdaq’s letter stated that, to regain compliance, the Company’s market value of publicly held shares must close at $5,000,000 or more for a minimum of ten consecutive business days within the 180-day compliance period, which is the 180-day period commencing on November 3, 2011, the date on which the Company received the staff deficiency letter. In the event the Company does not regain compliance within this period, it will receive written notice that its common stock is subject to delisting. However, the Company may file a listing application to transfer its common stock to the Nasdaq Capital Market if, at that time, it meets the continued listing requirements of that market.

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