China Ming Yang Wind Power Grou (NYSE:MY)

Fourth Quarter 2015 Financial Results:

• Total revenue was RMB2,160.3 million (US$333.5 million), compared to RMB1,996.0 million in the fourth quarter of 2014.
• Basic and diluted earnings per share were RMB0.47(US$0.07) and RMB0.46 (US$0.07), respectively, compared to basic and diluted earnings per share of RMB0.68 and RMB0.66, respectively, in the fourth quarter of 2014.

Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, commented "Driven by the tariff policy, wind energy operators rushed to install projects within the year and this resulted in a 66.4% year-over-year growth in terms of grid-connected power capacity addition, according to National Energy Administration (the "NEA"). However, during the year, the wind farm operators faced severe wind curtailment issues, especially those whose projects are located in the northern part of China."

"During China's 13^th Five-Year-Plan period (2016-2020), we believe that there will be an opportunity for Ming Yang to rise to the next level by innovating on its business model and providing full life-cycle wind energy solutions to our customers. Recently, a number of new supportive policies have been rolled out, which we believe will lead to an improvement in curtailment and subsidy in the future. Currently, we are striving to develop technologies that can drive electricity generation while lowering per kWh costs, and we are confident we will be able to capture the growth opportunities."

ZHONGSHAN, China, Feb. 3, 2016 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE:  MY), a leading wind energy solution provider in China, today announced that it has entered into a definitive merger agreement (the "Merger Agreement") on February 2, 2016 pursuant to which the Company will be acquired by a consortium of investors (the "Buyer Consortium"), including Mr. Chuanwei Zhang , the Chairman and Chief Executive Officer of the Company, in an all-cash transaction which values the Company's equity at approximately US$408 million.

Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each of the Company's ordinary shares, par value US$0.001 per share, issued and outstanding immediately prior to the effective time of the merger (the "Shares") will be cancelled and cease to exist in exchange for the right to receive US$2.51 in cash without interest, and each American Depositary Share ("ADS") of the Company, every ADS representing one Share, will be cancelled in exchange for the right to receive US$2.51 in cash without interest, except for (a) certain Shares (including Shares represented by ADSs) owned by Mr. Chuanwei Zhang and certain affiliates and certain other existing shareholders of the Company, which will be rolled over in the transaction, and (b) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant to Section 238 of the Companies Law of the Cayman Islands (the "Dissenting Shares"), which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands. Shares reserved (but not yet allocated) by the Company for issuance and allotment upon exercise of any share incentive awards issued under the Company's employee share incentive plans will be cancelled for no consideration at the effective time of the merger.

The merger consideration represents a premium of 13.1% to the closing price of the Company's ADSs on October 30, 2015, the last trading day prior to the Company's announcement of its receipt of a "going-private" proposal, and a premium of 19.3% to the volume-weighted average closing price of the Company's ADSs during the 30 trading days prior to its receipt of a "going-private" proposal. The investor consortium includes Mr. Chuanwei Zhang and certain of his affiliates, Dajun Guangcheng (Shanghai) Capital Fund I, L.P. and Guangzhou Huifu Kaile Investment (L.P.).

The consortium intends to fund the merger through a combination of cash contributions from the investors pursuant to equity commitment letters in an amount of US$124 million, and debt financing in an amount up to US$106 million, pursuant to a debt commitment letter provided by China Construction Bank Guangdong Branch.

The Company's board of directors (the "Board"), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the "Special Committee"), approved the Merger Agreement and the merger and resolved to recommend that the Company's shareholders vote to authorize and approve the Merger Agreement and the merger. The Special Committee negotiated the terms of the Merger Agreement with the assistance of its independent financial and legal advisors.

The merger, which is currently expected to close during the first half of 2016, is subject to customary closing conditions including the approval of the Merger Agreement by an affirmative vote of holders of Shares representing at least two-thirds of the voting power of the Shares present and voting in person or by proxy at a meeting of the Company's shareholders which will be convened to consider the approval of the merger agreement and the merger. Mr. Chuanwei Zhang and certain rollover shareholders have agreed to vote all of the Shares they beneficially own, which represent approximately 44% of the voting rights attached to the outstanding Shares as of the date of the Merger Agreement, in favor of the authorization and approval of the Merger Agreement and the merger. If completed, the merger will result in the Company becoming a privately-held company and its ADSs will no longer be listed on the New York Stock Exchange.

ZHONGSHAN, China, December 3, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind energy solution provider in China, today announced that the special committee (the "Special Committee") of the Company's board of directors has retained Duff & Phelps, LLC as its independent financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel in connection with the Special Committee's review and evaluation of the preliminary non-binding proposal letter dated November 2, 2015 from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang, to acquire all of the Company's outstanding shares not already beneficially owned by him (the "Proposal").

The Company cautions its shareholders and others considering trading its securities that neither the Board nor the Special Committee has made any decisions with respect to the Company's response to the Proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

ZHONGSHAN, China, November 17, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind energy solution provider in China, today announced that its Board of Directors (the "Board") has formed a special committee of independent directors (the "Special Committee") to evaluate the preliminary non-binding proposal letter dated November 2, 2015 from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang, to acquire all of the Company's outstanding shares not already beneficially owned by him (the "Proposal").

The Special Committee is composed of Messrs. Dabing Zhou and Steve Markscheild, who are independent directors of the Company and are unaffiliated with the Proposal. Mr. Zhou is the chairman of the Special Committee. The Special Committee expects to retain independent advisors, including an independent financial advisor and legal counsel, to assist it in the process of reviewing and evaluating the Proposal.

Third Quarter 2015 Financial Results:

• Total revenue was RMB1,738.8 million (US$273.6 million), compared to RMB1,716.8 million in the third quarter of 2014.
• Basic and diluted earnings per share were RMB0.59 (US$0.09) and RMB0.58 (US$0.09), respectively, compared to basic and diluted earnings per share of RMB0.58 and RMB0.57, respectively, in the third quarter of 2014.

"During this quarter, we were glad to see an increase in profitability." said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, "Looking ahead into the next five years, we see both opportunities as well as challenges in China's wind industry. Currently, government officials indicated that new wind power installations under the 13^th Five-year Plan ("FYP") will not be lower than that during the 12^th FYP period. Concurrently, proposals for reductions in the electricity tariffs over the next five years were also recently announced, with the goal of achieving price parity for wind energy at the end of the 13^th FYP."

He added: "Ming Yang has been developing wind turbines and wind farm solutions that focus on high electricity generation and low life-cycle costs. The new policies are set to intensify the competition among WTG manufacturers in China and call for more innovation in terms of technologies and business models; nevertheless, we see healthy growth opportunities that we can capitalize on going forward."

Earnings Guidance

Based on the Company's current order book and its current views and estimates on its current operating and market conditions and its current business plans and customer demand, the Company expects that for the quarter ended December 31 2015, (i) its estimated revenue will be in the range of RMB2.0 billion to RMB2.2 billion, compared to RMB2.0 billion for the quarter ended December 31, 2014; and (ii) its estimated net profit for the period will be in the range of RMB95 million to RMB115 million, compared toRMB84 million for the quarter ended December 31, 2014. Please note that these projections are subject to change and changes may be material.

These estimates do not include any potential costs that may be incurred by the Company in connection with the preliminary proposal by Mr. Chuanwei Zhang to acquire all of the Company's outstanding shares not already beneficially owned by him, which is further described below.

ZHONGSHAN, China, Nov. 1, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind energy solution provider in China, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, datedNovember 2, 2015, from its Chairman and Chief Executive Officer, Mr. Chuanwei Zhang ("Mr. Zhang"), to acquire all of the outstanding ordinary shares of the Company not already beneficially owned by Mr. Zhang in a "going-private" transaction (the "Transaction") for US$ 2.51 per American Depository Share or ordinary share in cash.  Mr. Zhang currently beneficially owns approximately 33% of the issued and outstanding ordinary shares of the Company.

According to the proposal letter, Mr. Zhang intends to finance the Transaction with a combination of debt and equity capital. A portion of the equity financing would be provided from Mr. Zhang's existing shareholdings in the Company and Mr. Zhang expects the remainder of the financing to be provided by third party debt and equity financing sources and certain shareholders of the Company.  A copy of the proposal letter is attached as Annex A to this press release.

The Company's Board of Directors will form a special committee which will consist of all independent directors (the "Special Committee") to evaluate the Transaction. The Special Committee, once formed, is expected to retain advisors, including an independent financial advisor and legal counsel, to assist it in its work.  There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

ZHONGSHAN, China, October 27, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang") (NYSE: MY), a leading wind energy solution provider in China, today announced that it has completed the acquisition of the remaining 1% stake of China Smart Electric Group Limited ("China Smart"), a Cayman Islands company on October 26, 2015. China Smart owns all of the equity interest in Wise Renergy Holdings Limited, a Hong Kong company, which in turn owns all of the equity interests in mainland China-based subsidiaries, Tianjin RENergy Electrical Co., Ltd. and Tianjin Ruiyuan Electrical Co., Ltd. (all such Renergy entities are collectively referred to as "RENergy"). Ming Yang had announced the acquisition of its 99% stake in China Smart on May 18, 2015.

In exchange for the remaining 1% stake in RENergy, Ming Yang will pay a total purchase consideration of approximately RMB9.2 million (US$1.5 million at the exchange rate of RMB6.1169 to US$1.00). This consideration will be paid in cash.

Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, commented, "The completion of the RENergy acquisition enhances our cost and business synergies and research and development capacities by fully integrating RENergy's patented electrical control system technologies. The acquisition extends our range of services, and is a further step towards making Ming Yang a technology-driven, service-centric provider of comprehensive wind energy solutions."

For details of Ming Yang's acquisition of the initial 99% stake in China Smart, please refer to Ming Yang's press release on May 18, 2015 at http://ir.mywind.com.cn.

ZHONGSHAN, China, August 28, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited (NYSE: MY) ("Ming Yang" or the "Company"), a leading wind energy solution provider in China, today announced that it entered into a framework agreement with certain parties, including CGN Wind Energy Limited ("CGN Wind"), one of the new energy arms of China General Nuclear Power Group (HK:1816) and Shenzhen Energy Group Co. Ltd. ("Shenzhen Energy") (SZ:000027), to jointly invest in a fund management company, namely Guangdong Oriental Millennium Renewable Energy Industry Fund Management Co., Ltd. ("Oriental Millennium"). Ming Yang expects to make a limited partner capital commitment of up to RMB1 billion to the Guangdong Renewable Energy Industry Fund (the "Fund"), a fund to be established and managed by Oriental Millennium.

Oriental Millennium is currently wholly owned by a company affiliated with Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of the Company. Upon the capital injections by Ming Yang, CGN Wind, Shenzhen Energy and the management team of Oriental Millennium as currently contemplated, Ming Yang expects to invest RMB28 million in Oriental Millennium, representing approximately 28% of its equity interest after the capital injection.

Following the capital injection in Oriental Millennium, Oriental Millennium plans to establish and manage the Fund, which is expected to raise a total capital commitment of up to RMB3.08 billion. The primary objective of the Fund is to seek investment opportunities in projects or companies relating to renewable energies, such as wind, solar, hydropower and biomass, located in Guangdong Province. CGN Wind and Shenzhen Energy are expected to be among the other limited partners of the Fund. And Guangdong Finance Investment (Holding) Co., Ltd. is expected to make a capital commitment of RMB50 million on behalf of the Guangdong government. The actual subscription amount will be paid upon the request of the general partner and subject to the needs of the renewable projects so invested over time.

"We believe the Fund will help generate synergistic effect by sharing resources and enlarging investment channels among industry players," commented Chuanwei Zhang, Chairman and Chief Executive Officer of the Company. "By leveraging the Fund's investments, Ming Yang expects to benefit from obtaining resources and generating more business opportunities. On the other hand, Ming Yang expects to benefit the Fund by offering its resources and high technology advantages. We believe that this investment will also bring about potential opportunities for the development of downstream wind farms to be owned and operated by Ming Yang."

Second Quarter 2015 Financial Results

Total revenue was RMB1,563.2 million (US$252.1 million), compared to RMB935.6 million in the second quarter of 2014, at the top end of the guidance of RMB1.4 billion to RMB1.6 billion.

Basic and diluted earnings per share were RMB0.50 (US$0.08) and RMB0.49 (US$0.08), respectively, compared to basic and diluted earnings per share of RMB0.11 and RMB0.11, respectively, in the second quarter of 2014.

"We are pleased with the progress we made during the second quarter of 2015," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Net profit grew by more than four times year-over-year, and we have an ample backlog which is expected to further help us achieve better financial results going forward."

Mr. Zhang added, "The wind energy sector has enormous growth potential over the next five years. China's long-term goal is to generate 20% of its primary energy consumption using non-fossil fuels, which will bring new opportunities for the wind energy sector. With Ming Yang's significant market share, we are confident we will be able to capture a substantial number of business opportunities in China going forward."

"During the first half of 2015, China's wind energy sector continued to grow and expand quickly, driving market demand for higher quality wind turbine products. We are pleased to have provided our customers with comprehensive wind energy solutions to generate optimized returns, and we look forward to more business opportunities in China and overseas."

Earnings Guidance

Based on the Company's current order book and its current views and estimates on its current operating and market conditions and its current business plans and customer demand,and without taking into consideration the effect of its acquisition of RENergy in the first half of 2015, the Company expects that for the quarter ended September 30, 2015, (i) its estimated revenue will be in the range of RMB2.1 billion to RMB2.3 billion, representing an increase of 23.5% to 35.3% compared with RMB1.7 billion for the quarter ended September 30, 2014; and (ii) its estimated net profit for the period will be in the range of RMB95 million to RMB100 million, excluding share-based compensation expenses (Non-GAAP),representing an increase of 26.2% to 32.8% compared with RMB75.4 million for the quarter ended September 30, 2014. Please note that these projections are subject to change and changes may be material.

The Company completed the acquisition of the 99% majority equity interest in RENergy in May 2015 and RENergy became a consolidated subsidiary of the Company since then. The Company purchases electrical controls systems from RENergy, and the unrealized profits in inventories arising from purchases from RENergy subsequent to the acquisition will be eliminated upon consolidation. The Company is in the progress of integrating the operations of RENergy after the acquisition. After completing the integration, the Company expects the acquisition would result in synergies and benefits, including increases in gross profit margin and/or a reduction in various costs. These synergies and benefits will be more visible in the last quarter of 2015 or the first quarter of 2016, and the Company is still in progress of completing the purchase price allocation of the acquisition of RENergy. Accordingly, the Company has not revised its previously announced estimated net income.

ZHONGSHAN, China, Aug. 6, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited (MY) ("Ming Yang" or the "Company"), a leading wind energy solution provider in China, today announced that it has signed a wind turbine purchase agreement with a Chinese state-owned enterprise to provide wind turbines to its wind farm project located in Pakistan with a total capacity of 49.5MW.

Pursuant to the purchase agreement, Ming Yang will deliver 33 units of 1.5MW wind turbines (model: MY1.5-82/80IIIA) in three batches starting from September 2015 and will provide five-year complimentary warranty services after the installation.

The Chinese state-owned enterprise plans to build its wind farm project in Sindh Province of Pakistan and it is one of the first initiatives launched in that region under the "One Belt, One Road" framework, a development strategy initiated by China in an effort to enhance connectivity and cooperation among countries primarily in Eurasia. The wind power project, which is currently estimated to commercially launch in June 2016, is expected to help alleviate the power shortage issues in that region.

Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang commented: "We are excited to participate in this overseas project under the 'One Belt, One Road' initiative. Back in 2014 when President Xi Jinping announced the policy and called for more cooperation between countries in Asia, we realized that it would generate great opportunities for our industry, including Ming Yang, and we began to strategically target overseas energy projects developed by Chinese companies. Leveraging our strong track record and product quality, we were able to secure this project which marks a new milestone in Ming Yang's history. I firmly believe that this project is just the beginning, and we are looking forward to more overseas opportunities as we continue expanding our presence overseas."

First Quarter 2015 Financial Results

• Total revenue was RMB1,334.9 million (US$215.3 million) compared to RMB1,224.0 million in the first quarter of 2014.
• Basic and diluted earnings per share were RMB0.33 (US$0.053) and RMB0.32 (US$0.052), respectively, compared to basic and diluted earnings per share of RMB1.54 and RMB1.51, respectively, in the first quarter of 2014.

"We are pleased with our strong year-on-year revenue growth in the first quarter of 2015," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, "Driven by a series of positive policies in China to promote the wind energy sector, demand for wind turbine products has been increasing recently. In addition, while we are on the track to evolve into a technology-driven, service-centric provider of comprehensive wind energy solutions, we also see growing business opportunities in the value-added service area throughout the entire life cycle of wind farm operations."

Mr. Zhang added, "In order to realize our vision and strategies, we took an important step earlier this month by acquiring a leading electrical systems total solutions provider in China, Tianjin REnergy Electrical Co., Ltd. and its subsidiary, (collectively "RENergy"). In addition to the anticipated significant cost and technology synergies, Ming Yang is also expected to be able to extend its current product and service offerings upon the completion of this acquisition. With this acquisition and the continued execution of our overall strategy, we are confident that we can deliver growing shareholder value in the years ahead."

ZHONGSHAN, China, May 18, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang") (NYSE: MY), a leading wind energy solution provider in China, today announced that Ming Yang has entered into share purchase agreements ("SPAs") on May 18, 2015 pursuant to which it has acquired a 99% stake in China Smart Electric Group Limited ("China Smart"), a Cayman Islands company. China Smart owns all of the equity interest in Wise Renergy Holdings Limited, a Hong Kong company, which in turn owns all of the equity interests in mainland China-based subsidiaries, Tianjin REnergy Electrical Co., Ltd. and Tianjin Ruiyuan Electrical Co., Ltd. (all such Renergy entities are collectively referred to as "RENergy"). The closing of the acquisition of the 99% interest in China Smart is expected to occur on or about May 20, 2015. Ming Yang expects to acquire the remaining 1% stake in RENergy in the near future.

In exchange for a 100% stake in RENergy, Ming Yang will pay a total purchase consideration of approximately RMB925.4 million (US$149 million at the exchange rate of RMB6.2048 to US$1.00). This consideration will be paid in a combination of cash and newly issued shares in Ming Yang. The cash portion of the purchase consideration will comprise RMB300 million (US$48.3 million), with 60% of this amount to be paid within three months, 20% to be paid within six months, and the remaining 20% to be paid within twelve months, from May 18, 2015. The share portion of the purchase consideration will comprise 28,861,709 ordinary shares in Ming Yang which are to be newly issued at US$3.49 per ordinary share, representing a premium of 5.9%, 14.5% and 19.6%, respectively, compared with the 30, 60 and 90 trading days volume-weighted average price of Ming Yang's American Depositary Shares, each representing one ordinary share of Ming Yang, as of May 15,2015.

Ms. Ling Wu, who is the wife of Mr. Chuanwei Zhang, Ming Yang's Chairman and Chief Executive Officer, is one of a group of sellers who have agreed to sell to Ming Yang certain entities holding the shares in China Smart. Mr. Chuanwei Zhang declared his material interest in the acquisition to Ming Yang's Board of Directors (the "Board"). The Audit Committee of the Board evaluated and approved the acquisition of RENergy, and recommended that Ming Yang undertake and consummate the acquisition. Upon full payment of the purchase consideration by Ming Yang, Ms. Ling Wu will receive 20,539,306 ordinary shares in Ming Yang and RMB213,493,658 in cash.

RENergy is engaged in the manufacture, sale, research and development of electrical system equipment. It is China's largest supplier of core components for wind turbine generators ("WTG"), including components such as main control systems, pitch control systems and converters. RENergy is the only company in China that provides total electrical control solutions by offering and integrating the three core components of the electrical control system. It has a team of over 550 staff based at its headquarters in Tianjin and in two nearby production plants. Of this team of personnel, approximately 30% are focused on research and development. With nine trademarks and over 130 patents, RENergy is the first China-based company to have proprietary core control technology relevant to electrical control systems.

RENergy historically has been one of Ming Yang's major suppliers, and has been considered and treated as a related party of Ming Yang. In 2014, RENergy supplied RMB794.4 million (US$128.0 million) worth of components to Ming Yang, representing 87.1% of Ming Yang's aggregate amount of related party transactions involving purchases of raw materials. Following Ming Yang's acquisition of RENergy, Ming Yang will consolidate the results of RENergy and Ming Yang's financial statements will no longer include related party transactions involving purchases of raw materials from RENergy.

The acquisition is expected to create significant synergies between Ming Yang and RENergy. Upon completion of the acquisition, Ming Yang, one of the world's largest wind turbine manufacturers, will integrate RENergy's patented electrical control system technologies into Ming Yang's existing product offerings, allowing Ming Yang to evolve further to become a provider of comprehensive wind energy solutions and to address a wider range of its customers' requirements. For instance, Ming Yang will be able to provide services to upgrade wind farms in order to generate more electricity and to reduce overall costs of generating electricity borne by customers in different locations and under different weather conditions. Furthermore, the versatility of RENergy and its offerings are poised to extend the scope of services that Ming Yang can provide, thereby enabling Ming Yang to offer services that add value on the basis of big data and to develop smart energy systems and control systems with remote access. Accordingly, the acquisition is expected to result not only in lower costs for customers by consolidating both companies' procurement and research and development processes, but it also is expected to help Ming Yang deploy capital more efficiently, improve the overall quality of its products, and boost customer satisfaction.

Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, commented "The acquisition of RENergy marks a milestone in our transition to become a technology-driven, service-centric provider of comprehensive wind energy solutions. We are proud to announce that, as a result of this acquisition, in addition to developing WTG model designs, Ming Yang is expected to be capable of developing all major WTG components in-house, including blades, offshore super compact drive solutions and electrical control systems. Unlike most WTG manufacturers that rely solely on external suppliers for the manufacture, research and development of core components, we are delighted to be different by gaining control over our upstream electrical system supplies by acquiring RENergy, a leading player in this segment. RENergy's product line of wind turbine control and monitoring systems fits perfectly with our existing offerings, and going forward we believe that we will be able to harness significant business synergies to generate further value for shareholders."

Mr. Lijun Hou, General Manager of RENergy, added "We are extremely pleased that Ming Yang, a leader in the wind energy segment, recognizes the value of our business, and we are very glad to become part of Ming Yang's ongoing transition into a global provider of comprehensive wind energy solutions. We believe that Ming Yang's extensive customer base and well-established brand name will allow us to expand our business around the world, and we appreciate the opportunities that this acquisition will help bring to the table."

Duff & Phelps, LLC and Akin Gump Strauss Hauer & Feld LLP represented the Audit Committee of Ming Yang on the acquisition as its financial advisor and legal advisor, respectively. Simpson Thacher & Bartlett LLP and King & Wood Mallesons represented Ming Yang on the acquisition.

ZHONGSHAN, China, May 18, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang")  (NYSE: MY), a leading wind energy solution provider in China, today announced that Ming Yang has entered into share purchase agreements ("SPAs") on May 18, 2015 pursuant to which it has acquired a 99% stake in China Smart Electric Group Limited ("China Smart"), a Cayman Islands company. China Smart owns all of the equity interest in Wise Renergy Holdings Limited, a Hong Kong company, which in turn owns all of the equity interests in mainland China-based subsidiaries, Tianjin REnergy Electrical Co., Ltd. and Tianjin Ruiyuan Electrical Co., Ltd. (all such Renergy entities are collectively referred to as "RENergy"). The closing of the acquisition of the 99% interest in China Smart is expected to occur on or about May 20, 2015. Ming Yangexpects to acquire the remaining 1% stake in RENergy in the near future.

In exchange for a 100% stake in RENergy, Ming Yang will pay a total purchase consideration of approximatelyRMB925.4 million (US$149 million at the exchange rate of RMB6.2048 to US$1.00). This consideration will be paid in a combination of cash and newly issued shares in Ming Yang. The cash portion of the purchase consideration will comprise RMB300 million (US$48.3 million), with 60% of this amount to be paid within three months, 20% to be paid within six months, and the remaining 20% to be paid within twelve months, from May 18, 2015. The share portion of the purchase consideration will comprise 28,861,709 ordinary shares in Ming Yang which are to be newly issued at US$3.49 per ordinary share, representing a premium of 5.9%, 14.5% and 19.6%, respectively, compared with the 30, 60 and 90 trading days volume-weighted average price of Ming Yang's American Depositary Shares, each representing one ordinary share of Ming Yang, as of May  15,2015.

Ms. Ling Wu, who is the wife of Mr. Chuanwei Zhang, Ming Yang's Chairman and Chief Executive Officer, is one of a group of sellers who have agreed to sell to Ming Yang certain entities holding the shares in China Smart. Mr. Chuanwei Zhang declared his material interest in the acquisition to Ming Yang's Board of Directors (the "Board"). The Audit Committee of the Board evaluated and approved the acquisition of RENergy, and recommended that Ming Yang undertake and consummate the acquisition. Upon full payment of the purchase consideration by Ming Yang, Ms. Ling Wu will receive 20,539,306 ordinary shares in Ming Yang andRMB213,493,658 in cash.

RENergy is engaged in the manufacture, sale, research and development of electrical system equipment. It is China's largest supplier of core components for wind turbine generators ("WTG"), including components such as main control systems, pitch control systems and converters. RENergy is the only company in China that provides total electrical control solutions by offering and integrating the three core components of the electrical control system. It has a team of over 550 staff based at its headquarters in Tianjin and in two nearby production plants. Of this team of personnel, approximately 30% are focused on research and development. With nine trademarks and over 130 patents, RENergy is the first China-based company to have proprietary core control technology relevant to electrical control systems.

RENergy historically has been one of Ming Yang's major suppliers, and has been considered and treated as a related party of Ming Yang. In 2014, RENergy supplied RMB794.4 million (US$128.0 million) worth of components to Ming Yang, representing 87.1% of Ming Yang's aggregate amount of related party transactions involving purchases of raw materials. Following Ming Yang's acquisition of RENergy, Ming Yang will consolidate the results of RENergy and Ming Yang's financial statements will no longer include related party transactions involving purchases of raw materials from RENergy.

The acquisition is expected to create significant synergies between Ming Yang and RENergy. Upon completion of the acquisition, Ming Yang, one of the world's largest wind turbine manufacturers, will integrate RENergy's patented electrical control system technologies into Ming Yang's existing product offerings, allowing Ming Yangto evolve further to become a provider of comprehensive wind energy solutions and to address a wider range of its customers' requirements. For instance, Ming Yang will be able to provide services to upgrade wind farms in order to generate more electricity and to reduce overall costs of generating electricity borne by customers in different locations and under different weather conditions. Furthermore, the versatility of RENergy and its offerings are poised to extend the scope of services that Ming Yang can provide, thereby enabling Ming Yangto offer services that add value on the basis of big data and to develop smart energy systems and control systems with remote access. Accordingly, the acquisition is expected to result not only in lower costs for customers by consolidating both companies' procurement and research and development processes, but it also is expected to help Ming Yang deploy capital more efficiently, improve the overall quality of its products, and boost customer satisfaction.

Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, commented "The acquisition of RENergy marks a milestone in our transition to become a technology-driven, service-centric provider of comprehensive wind energy solutions. We are proud to announce that, as a result of this acquisition, in addition to developing WTG model designs, Ming Yang is expected to be capable of developing all major WTG components in-house, including blades, offshore super compact drive solutions and electrical control systems. Unlike most WTG manufacturers that rely solely on external suppliers for the manufacture, research and development of core components, we are delighted to be different by gaining control over our upstream electrical system supplies by acquiring RENergy, a leading player in this segment. RENergy's product line of wind turbine control and monitoring systems fits perfectly with our existing offerings, and going forward we believe that we will be able to harness significant business synergies to generate further value for shareholders."

Mr. Lijun Hou, General Manager of RENergy, added "We are extremely pleased that Ming Yang, a leader in the wind energy segment, recognizes the value of our business, and we are very glad to become part of Ming Yang's ongoing transition into a global provider of comprehensive wind energy solutions. We believe that Ming Yang's extensive customer base and well-established brand name will allow us to expand our business around the world, and we appreciate the opportunities that this acquisition will help bring to the table."

Duff & Phelps, LLC and Akin Gump Strauss Hauer & Feld LLP represented the Audit Committee of Ming Yangon the acquisition as its financial advisor and legal advisor, respectively. Simpson Thacher & Bartlett LLP and King & Wood Mallesons represented Ming Yang on the acquisition.

Fourth Quarter 2014 Financial Results

• Total revenue was RMB1,996.0 million (US$321.7 million), an increase of 268.8% compared to RMB541.2 million in Q4 2013.
• Basic and diluted earnings per share were RMB0.68 (US$0.11) and RMB0.66 (US$0.11), respectively, compared to basic and diluted loss per share of RMB3.36 and RMB3.36, respectively, in Q4 2013.

"We are pleased with our performance in the year of 2014, in particular the fourth quarter when we saw record sales volume of WTG products in terms of power capacity, and realized nearly RMB2 billion in revenue," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, "We believe this represents a milestone for our company. We are delighted to see that the Chinese government announced a series of policies at different levels to promote renewable and clean energy sources. By focusing on technological innovations and delivering high quality products to our customers, we are well-positioned to satisfy the growing market demand for WTG products as well as related value-added services."

Mr. Zhang concluded, "Based on our current delivery schedule and our order backlog, we are confident in further solidifying our market position in China in 2015, particularly in offshore wind power market, thanks to our unique advantages of offshore engineering solutions.

Earnings Guidance

Based on the Company's current order book and its current views and estimates on its current operating and market conditions, its current business plans and customer demand, the Company currently expects that for the quarter ended March 31, 2015, (i) its estimated revenue to be in the range of RMB1.2 billion to RMB1.3billion, and (ii) its estimated net income to be in the range of RMB36 million to RMB40 million, Please note that these projections are subject to change and changes may be material. In addition, the first quarter is typically a seasonally slower period primarily due to the long public holidays in China as well as the customers' wind farm construction progress which is generally slow during winter time.

Based on the Company's current order book and its current views and estimates on its current operating and market conditions, its current business plans and customer demand, the Company currently expects that for the year of 2015,(i) its estimated revenue to be in the range of RMB7.2 billion to RMB8.0 billion, representing an increase of 23% to 36% comparing with the revenue for the year of 2014, (ii) its estimated net income to be in the range of RMB290 million to RMB320 million, representing an increase of 26% to 39% comparing with the net income excluding gain on loss of control of GWPL for the year of 2014, and (iii)Its estimated gross margin and operating income margin for the year of 2015to be in the range of 13% to 14% and 7% to 8%, respectively. Please note that these projections are subject to change and changes may be material.

ZHONGSHAN, China, March 25, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited (NYSE: MY) ("Ming Yang" or the "Company"), takes 8^th in world's top 10 wind turbine original equipment manufacturers ("OEMs") ranking in 2014, raised from 9^th last year, according to the report of Global Wind Turbine OEM Market Share Study released by MAKE Consulting. The same source reveals that the market share of Ming Yang hit 9.9% in total in 2014, with an 11.1% increase of the whole market growth. Ming Yang was also one of the only two Chinese companies that retained its position compared to 2013.

The report also shows that 8 out of the 15 world's top OEMs in 2014 were from China. "China's unparalleled growth dominates the industry," cited the report, which says the Chinese wind market grew 23.6GW in 2014, reaching 114.9GW in total.

Statistics provided by Global Wind Energy Council ("GWEC") reaffirmed MAKE's point with its research, showing that China's newly installed capacity and cumulative installed capacity were 23,351 MW and 114,763 MW, respectively, representing approximately 45% and 31% of the world's total newly and cumulative installed capacity in 2014, claiming the crown.

MAKE projects the global wind market to further grow annually by over 13% in 2015, in its newly released first quarter Global Wind Power Market Outlook Update in March 2015.

ZHONGSHAN, China, March 16, 2015 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or "the Company") (NYSE: MY) today announced that its super compact drive ("SCD") offshore wind turbine prototype of 6.5MW platform, which is able to be expanded and developed to a series of wind turbine generators ("WTGs") with capacity ranging from 5.0MW to 7.0 MW, began commercial trial operation in Rudong, Jiangsu Province, China in March 2015.

This cutting-edge SCD wind turbine prototype features a two-blade design with a light weight permanent magnet generator and is able to adapt to various extreme offshore weather conditions, offering high reliability at a lower weight to offshore wind farm operators, particularly in typhoon-prone regions.

"We are proud to see that the world's first SCD offshore wind turbine prototype of 6.5MW platform has been connected to the grid and put into trial operation," commented Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Our unique model provides our customers with a cost-effective solution for their offshore wind farm projects in typhoon-prone coastal areas where extreme weather conditions prevail, for example the eastern and southern coast of China, potentially one of the world's largest offshore markets."

Mr. Zhang continued, "Meanwhile, I am also pleased to announce that in response to our customers needs and to meet China's complex offshore conditions, Ming Yang is planning to develop an innovative three-blade SCD wind turbine model, specializing in catching low speed wind. We expect that we will be able to seize the huge market opportunities by providing a wider product mix as well as value-added services, as the PRC government continues to push for renewable energy solutions in an effort to combat air pollution."

ZHONGSHAN, China, February 2, 2015 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced that according to the preliminary statistics of Chinese Wind Energy Association (CWEA), China's new wind installations reached approximately 23.35GW in 2014, with an increase of 45.1% from 2013.

According to CWEA's preliminary statistics, Ming Yang consolidated third position in terms of the newly installed capacity in China in 2014, with an increase of approximately 1% from 2013 in the market share of China's total newly installed capacity.

"Based on our current delivering schedule and our order backlog, we feel confident to further reinforce our market share in China in 2015," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, "Leveraging our unique advantages of offshore engineering solutions, we expect Ming Yang to acquire a larger market share in the off-shore regime in 2015."

ZHONGSHAN, China, January 26, 2015 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced that according to Bloomberg New Energy Finance (BNEF), China's wind installations reached 20.7GW in 2014 - four times more than the U.S.and40% of all new capacity worldwide, with 38% growth from 2013.

According to BNEF, most of the newly installed capacity in China in 2014 came from Chinese domestic wind turbine suppliers, while foreign manufacturers took less than 2% of the market. MingYang is one of the top five Chinese wind turbine manufacturers, which in aggregate have taken 60% of China's total installed capacity, according to BNEF.

"Based on our current delivering schedule of our order backlog, we feel confident to maintain the market share in 2015", said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, "Leveraging our unique advantages of offshore engineering solutions, we expect Ming Yang to acquire larger market share in the off-shore regime in 2015."

ZHONGSHAN, China, Jan. 12, 2015 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced that one of its primary operating subsidiaries, Guangdong Mingyang Wind Power Industry Group Co., Ltd. ("GMWP"), has successfully repaid its RMB1.0 billion RMB-denominated unsecured three-year medium-term notes (the "Notes") in full on time. The total payments of the principal amount and interests with respect to the Notes were approximately RMB1.26 billion.

The Notes were issued on January 13, 2012 under the agreement with the PRC National Association of Financial Market Institutional Investors at a fixed annual interest rate of 8.5%, which were primarily used to enhance GMWP's working capital.

"Ming Yang maintains a positive net cash balance after repaying the Notes and may continue to seek additional financing alternatives at proper time and on reasonable terms, in order to support the growth of the Company," said Mr. Zhang Chuanwei, chairman and chief executive officer of Ming Yang. "And, this would help satisfy the needs of our growing operation and development of our business expansion. Besides, it would also provide capital funds to further develop innovative onshore and offshore wind turbine models for our customers, and to gain and secure our market share."

ZHONGSHAN, China, November 25, 2014 /PRNewswire/ -- China Ming Yang Wind Power Group Limited (NYSE: MY) ("Ming Yang" or the "Company"), today announced the appointment of Mr. Longgen Zhang to its board of directors. He will replace Mr. Cole Capener who has served as an independent director since November 2013. Ming Yang also announced that its Chief Financial Officer ("CFO") Mr. Calvin Lau would be succeeded by Mr. Ng Kwok Yin, Ricky. Mr. Lau will be the executive director of Ming Yang Wind Power (International) Co., Ltd., a subsidiary of Ming Yang. The appointments are with immediate effective.

Mr. Longgen Zhang has abundant experience in accounting, financial management and operation. He is currently the chief financial officer of JinkoSolar Holding Co., Ltd., a global leader in the PV industry ("JinkoSolar"). Prior to joining JinkoSolar, he served as a director and the chief financial officer of Xinyuan Real Estate Co. Ltd, a company listed on the NYSE. With years of experience as chief financial officer and directors' experience, he has also engaged in various private placements, mergers and evaluation, as well as IPO projects.

Mr. Ricky Ng is now serving as Vice President of Xing Shi Hui Company Limited ("XSH") responsible for investment and leasing business of catering related properties. Mr. Ng has extensive working experience in finance and audit. Prior to joining XSH, Mr. Ng served as the Senior Audit Manager of KPMG Huazhen, engaging in various industries auditing and IPO projects. He was also the leading audit manager for Mingyang's IPO. Mr. Ng received his bachelor's degree in accounting from The Hong Kong University of Science and Technology. He is also a member of The Hong Kong Institute of Certified Public Accountants.

"We would like to thank Mr. Capener for his valuable contributions to Ming Yang," commented Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "On behalf of the board of directors, I would like to take this opportunity to express our sincere gratitude to Mr. Capener and wish him the best in his future pursuits and endeavors."

"We would also like to welcome Mr. Longgen Zhang to Ming Yang's board of directors. We believe that the wealth of experience will help strengthen the board of directors by providing valuable insight and guidance."

"Mr. Lau has been with Ming Yang since 2011 and I have great confidence that his wealth of experience in finance, investor relations and business development will further enhance the Company's competitiveness."

Third Quarter 2014 Financial Results:

• Total revenue was RMB1,716.8 million (US$279.7 million), an increase of 78.7% compared to RMB960.8 million in Q3 2013.
• Basic and diluted earnings per share were RMB0.58 (US$0.09) and RMB0.57 (US$0.09), respectively, compared to basic and diluted loss per share of RMB0.43 and RMB0.43, respectively, in Q3 2013.

Business Update

Order Book Update

New Sales Contracts - During the third quarter of 2014, Ming Yang entered into sales contracts for wind power projects with a total output of 648.0MW, representing 324 units of 2.0MW WTGs.

Order Backlog - As of September 30, 2014, the Company's order backlog amounted to 3.7GW, representing 1,187 units of 1.5MW WTGs, 873 units of 2.0MW WTGs, 59 units of 3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG. Cumulative signed orders since its inception amounted to 9.5GW, representing 4,650 units of 1.5MW WTGs, 1,155 units of 2.0MW WTGs, 79 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG.

Second Quarter 2014 Financial Results

• Total revenue was RMB935.6 million (US$150.8 million), an increase of 74.1% compared to RMB537.4 million in Q2 2013.
• Basic and diluted earnings per share were RMB0.11 (US$0.02), compared to basic and diluted loss per share of RMB0.51 in Q2 2013.

"We continued to see strong momentum in the industry, and have signed new orders of 617.0MW during the quarter, and our signed orderbook continues to grow strongly and has now reached a historic high of 3.6GW as of June 30, 2014," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "As we enter the second half of 2014, we will continue to enhance the contract execution in order to satisfy our customers' demand for wind turbine generators. Our gross margin for 2.0MW WTGs was approximately 13.3%, which was 1.8 percentage points higher than the gross margin of our 1.5MW WTGs for which revenue was recognized during the quarter. Our orderbook for the 2.0MW WTGs continues to increase and we expect to continue to benefit from the trend towards higher megawatt WTGs in China. We expect the overall demand continues to be strong heading into the second half of 2014."

Business Update

Order Book Update

New Sales Contracts - During the second quarter of 2014, Ming Yang entered into sales contracts for wind power projects with a total output of 617.0MW, representing 166 units of 1.5MW WTGs and 184 units of 2.0MW WTGs.

Order Backlog - As of June 30, 2014, the Company's order backlog amounted to 3.6GW, representing 1,374 units of 1.5MW WTGs, 671 units of 2.0MW WTGs, 59 units of 3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG. Cumulative signed orders since its inception amounted to 8.9GW, representing 4,650units of 1.5MW WTGs, 831 units of 2.0MW WTGs, 79 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG.

ZHONGSHAN, China, August 1, 2014 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced that its MY1.5-89 wind turbine has obtained the GL 2010 Type Certification issued by DNV-GL Group. The MY1.5-89 wind turbine is optimized for low wind speed areas, and is part of the successful Ming Yang 1.5MW wind turbine platform.

DNV-GL Group, formed in September 2013 with the merger of two global leading certification bodies DNV (Det Norske Veritas) and GL (Germanische Lloyd), is a leading independent certification body in global renewable energy industry.

"This is a milestone in meeting international quality standards and is an important step towards internationalization," commented Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Our MY1.5-89 follows our established MY1.5-77 in obtaining leading international type certification, and we are confident that our wind turbines with various specifications can provide an effective solution for customers in China and beyond."

ZHONGSHAN, China, June 13, 2014 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced that it has entered into a heads of agreement with Marin Energi Testcenter AS ("MetCentre") to erect a 6.0MW Super Compact Drive ("SCD") wind turbine generator in the Karmoy wind turbine demonstration area off the coast of Karmoy Island in Norway. MetCentre is a Norwegian test centre for marine energy offering infrastructure and services to off-shore wind power. The proposed cooperation and the pilot project are subject to certain conditions, including a detailed agreement which is expected to be entered into by both parties in late 2014.

Ming Yang's SCD wind turbine generators combine high reliability and lower weight by utilizing smaller permanent magnet power generators coupled with a smaller gearbox, housed in a water-cooled sealed nacelle with an innovative two-bladed design which can lock the blades in a horizontal position to withstand extreme off-shore weather conditions.

"We are pleased to enter into this heads of agreement and looking forward to the installation of our SCD 6.0MW off-shore prototype in Norway, and this marks another milestone in Ming Yang's off-shore strategy," commented Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "We are confident that our innovative SCD wind turbine generators can provide an effective solution for off-shore wind power projects in China and beyond."

ZHONGSHAN, China, June 6, 2014 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced its subsidiary, Jiangsu Mingyang Wind Power Technology Limited, ("Jiangsu Mingyang"), has been approved by Rudong Energy Bureau in Jiangsu Province, China, to exclusively develop and operate a 300MW off-shore wind power project off the coast of Rudong in Jiangsu Province, China, subject to certain conditions.

"This marks an important milestone in Ming Yang's off-shore strategy in China," commented Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Ming Yang expects to continue to leverage the off-shore opportunity in China and deliver our innovative Super Compact Drive ("SCD") wind turbine generators as an effective solution for off-shore wind power projects in China and beyond."

First Quarter 2014 Financial Results

• Revenue in the first quarter of 2014 was RMB1,224.0 million (US$196.9 million), which increased by 52.0% comparing to that of 2013.
• Basic earnings per share and diluted earnings per share were RMB1.54 (US$0.25) and RMB1.51 (US$0.24), respectively, compared to basic and diluted earnings per share of RMB0.19 and RMB0.19 in Q1 2013.

"We have signed new orders of 671.5MW during the quarter, and our signed orderbook continues to grow strongly and has now reached a historic high of 3.3GW," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "This continues the trend established in late 2013. Benefiting from the increased demand from our customers we had been able to take advantage of larger economies of scale and our direct cost per kW had continued to decrease by 3.1 percentage points and 6.9 percentage points for our 1.5MW and 2.0MW WTGs respectively, compared with the corresponding period in 2013. Our gross margin for 2.0MW WTGs was approximately 16.6%, which was 1.6 percentage points higher than the gross margin of our 1.5MW WTGs. Our orderbook for the 2.0MW WTGs continues to increase and we expect to continue to benefit from the trend towards higher megawatt WTGs in China."

"As China continues to work towards a cleaner environment, we expect wind power to continue to become a viable alternative to traditional sources of power generation. We have already seen our customers taking advantage of this opportunity, and we expect the upstream supply chain including Ming Yang to be in a stronger position to harness this market trend."

Fourth Quarter 2013 Financial Results

• Total revenue was RMB541.2 million (US$89.4 million), a decrease of 39.9% compared to Q4 2012.
• Basic and diluted loss per share was RMB3.36 (US$0.56), compared to basic and diluted loss per share of RMB1.16 in Q4 2012.

"Ming Yang has consolidated its number three market position in China in 2013, and its top ten position around the world, according to China Wind Energy Association and Make Consulting," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. " As the market continues to recover in China, we have increased our order intake substantially with total new orders signed in 2013 amounting to more than 1.8GW, with a total order backlog of 3.0GW by the end of 2013. Since the grid curtailment had been further improved in 2013, together with favorable policies towards renewable energy in China, we would expect the market for WTGs to continue to be buoyant in 2014."

"We have accessed 9.0GW of wind resources, including 3.6GW signed, and we will continue our strategy of leveraging wind resource to work with existing customers or participate in wind farm developments. We continue to be optimistic about the future opportunities in the off-shore wind power market in China."

ZHONGSHAN, China, Nov. 26, 2013 /PRNewswire/ -- China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), today announced its subsidiary, Guangdong Mingyang Wind Power Group Limited, ("Guangdong Mingyang"), has signed a framework agreement (the "Agreement") with Speranta & Succesul S.A., a leading renewable energy developer inRomania. The Agreement covers wind farm development, supply of EPC services and equipment procurement of a 200MW wind farm project.

Mr. Li Keqiang, Premier of the People's Republic of China and Mr. Victor Ponta, the Prime Minister of Romania attended the Agreement signing ceremony during the Second Summit between Chinese and Central and East European leaders in Buchareston Monday, November 25^th, 2013. The Agreement marks an important strategic milestone in the joint cooperation in connection with the energy project development between China and Romania. The total level of investment for this wind farm project is approximately EUR400 million, and the project is expected to utilize Ming Yang's innovative 2.0MW large rotor diameter wind turbine generators ("WTGs"). It is reported to be the largest Chinese WTG export order to date, according to the relevant industry news in China.

"Ming Yang is proud to be working with Speranta & Succesul S.A., and this Agreement marks an important milestone in Ming Yang's overseas expansion strategy," commented Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Ming Yang expects to leverage this opportunity in Romania as a base of expansion into Europe and intends to supply competitive wind power solutions to customers in the region."

Third Quarter 2013 Results

• Total revenue was $157.0 million, an increase of 22.0% compared to $125 million in Q3 2012.
• The company reported a loss per share of $0.07, compared to earnings per share of $0.00 in Q3 2012.

"We have successfully secured 296MW of new orders during the third quarter of 2013, bring the total amount of orders signed in the first nine months of 2013 to over 1GW," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "Gross margin for wind turbines commissioned have risen consistently every quarter this year, and in the third quarter we commissioned more 2.0MW WTGs than in any prior quarter."

"Ming Yang is expanding its business model to widen its sources of revenue. In addition to supplying our SCD WTGs for the off-shore project in Zhuhai, China, Ming Yang is also expected to provide a complete technology and construction solution including turbine towers and foundation structures and project management. As a provider of total solutions for off-shore wind power, I believe Ming Yang is well-placed to take advantage of further developments in the emerging off-shore wind power market in China."

Business Update

New Sales Contracts - During the third quarter of 2013, the Company entered into sales contracts for wind power projects with a total output of 296MW, representing 80 units of 1.5MW WTGs and 88 units of 2.0MW WTGs. Total new orders signed for the first nine months totaled 1.04GW.

Order Backlog - As of September 30, 2013, the Company's order backlog amounted to 2.4GW, representing 1,184 units of 1.5MW WTGs, 212 units of 2.0MW WTGs, 67 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG. Cumulative signed orders since its inception amounted to 6.8GW, representing 3,966 units of 1.5MW WTGs, 310 units of 2.0MW WTGs, 84 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG.

ZHONGSHAN, China, September 30, 2013 /PRNewswire/ - China Ming Yang Wind Power (NYSE: MY) ("Ming Yang" or the "Company"), announced that it has secured a total of 87MW in the first tranche of tender for off-shore wind power near Zhuhai Guishan Island, Guangdong Province, China. The winning bid comprises of 29 units of 3MW super compact drive ("SCD") wind turbine generators ("WTGs") , which is in excess of 85% of the aggregate 100MW available for this tender in the first tranche of this project. The wind project is to be developed by Southern Off-shore Wind Power Joint Development Company, controlled by China Southern Power Grid Ltd. Ming Yang will be providing a complete technology and construction solution including WTGs, turbine towers and foundation structures as well as project management. Construction is anticipated to begin in October 2013 and be completed by the end of 2014. The bid is subject to the execution of the relevant definitive agreements.

"This bid marks an important milestone in the practical commercial off-shore tender in Guangdong Province and inChina, I am very excited that Ming Yang has managed to secure a substantial part of the first tranche of this tender available using our SCD technology," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "This is a clear endorsement of Ming Yang's SCD technology, and heralds a new phase of off-shore wind power generation in China."

Second Quarter 2013 Unaudited Financial Results

• Total revenue was RMB537.4 million (US$87.6 million), a decrease of 32.7% compared to RMB798.0 million in Q2 2012.
• Gross profit was RMB66.1 million (US$10.8 million), a decrease of 43.0% compared to Q2 2012. Gross margin was 12.29% for Q2 2013, compared to 14.52% in Q2 2012.
• Total comprehensive loss was RMB87.4 million (US$14.2 million), compared to total comprehensive loss of RMB27.5 millionin Q2 2012.
• Total comprehensive loss attributable to shareholders was RMB69.2 million (US$11.3 million), compared to total comprehensive loss attributable to shareholders of RMB26.6 million in Q2 2012.
• Basic and diluted loss per share was RMB0.51 (US$0.08), compared to basic and diluted loss per share of RMB0.25 in Q2 2012.

"We continue to leverage our market position in China and have successfully secured 396.0MW of new orders during the second quarter of 2013," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "Our focus on product quality has enabled us to enhance our market share in China. Based on the amount of tenders won by us in the first half of 2013 compared to the total amount of tenders available in China during the same period, we are currently exceeding our market share in 2012 which was 8.7%."

"Ming Yang is broadening its product portfolio to cater to customers' needs in China and overseas markets. Our 2.0MW WTG can be configured with a rotor diameter from 88 meters to 110 meters, and it is beginning to gain traction in the Chinese market. We completed our first 6.5MW prototype SCD WTG in June, and can now offer a full range of products to cater to on-shore and off-shore applications."

Business Update

Order Book Update

New Sales Contracts � During the second quarter of 2013, the Company entered into sales contracts for wind power projects with a total output of 396.0MW, representing 264 units of 1.5MW WTGs.

Order Backlog � As of June 30, 2013, the Company's order backlog amounted to 2.4GW, representing 1,240 units of 1.5MW WTGs, 167 units of 2.0MW WTGs, 67 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG. Cumulative signed orders since its inception amounted to 6.5GW, representing 3,886 units of 1.5MW WTGs, 222 units of 2.0MW WTGs, 84 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG.

ZHONGSHAN, China , July 1, 2013 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that its first 6.5MW prototype super compact drive ("SCD") wind turbine generator ("WTG") has been successfully completed in June 2013, and installation and testing are expected to commence in the third quarter of 2013. The 6.5MW SCD prototype utilizes Ming Yang's advanced two-bladed SCD technology. It is designed mainly for off-shore operation, and Ming Yang believes that this SCD WTG prototype currently has the largest design capacity of its kind in the world.

"We are very proud to complete our 6.5MW SCD prototype design and production within our time and budget schedules," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "We believe that the 6.5MW design would enable us to offer a solution that helps to further lower the cost of off-shore wind power generation in China to a new level."

ZHONGSHAN, China, June 14, 2013 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that Mr. Vincent Pang has stepped down as Chief Financial Officer ("CFO") for personal reasons. Mr. Pang will be succeeded by Mr. Calvin Lau with immediate effect.

Calvin Lau joined Ming Yang in January 2011 and most recently served as Special Assistant to the CFO. He also serves as CFO and Vice President of Overseas Investment of Ming Yang Wind Power (International) Co., Ltd., a subsidiary of Ming Yang. Mr. Lau was previously our Director of Investor Relations and Capital Markets from 2011 to 2012. Mr. Lau has extensive working experience in investor relations and financial officer roles in the renewables and semiconductor sectors, including Daqo New Energy Corp., Cathay Pigments Holdings Ltd., and Semiconductor Manufacturing International Corporation. Mr. Lau received his bachelor's degree in electronic engineering from University of Southamption, U.K. in 1990, and holds a Masters in Business Administration from London Business School, U.K.

"We would like to thank Mr. Pang for his valuable contributions to Ming Yang," commented Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "I would like to take this opportunity to express our sincere gratitude to Mr. Pang and wish him the best in his future pursuits and endeavors."

"Mr. Lau has been with Ming Yang since 2011 and brings to his new role a wealth of experience spanning accounting and finance to business development," commented Mr. Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "I have great confidence that the knowledge that he brings will serve to further enhance the Company's competitiveness."

ZHONGSHAN, China, June 13, 2013 /PRNewswire/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that Guangdong Mingyang Wind Power Group Limited ("Guangdong Mingyang"), a subsidiary of Ming Yang, has signed a strategic cooperation agreement (the "Agreement") with China Nuclear Huineng Co., Ltd. ("CNHC"), a subsidiary of China National Nuclear Corporation ("CNNC"), a leading investor and owner of clean energy projects in China.

Under the Agreement, Guangdong Mingyang and CNNC will join forces to develop wind and solar power projects in China. In particular, the two companies signed a memorandum of understanding ("MOU"), on forming a joint venture company for the development of up to 300MW of wind projects in Henan province. Ming Yang is expected to acquire approximately 25% equity interest in the proposed joint venture, while CNNC is expected to control the majority equity.

"The collaboration with CNNC is strategically important for us to enhance our leading position in renewable energy development in China during the 12th five-year plan period," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "We will initially focus on developing wind power projects in Henan Province. We believe this collaboration will integrate CNNC's extensive experience and proven track record in clean energy development with Ming Yang's strengths in developing wind turbines and providing total wind power solutions."

Shen Bin, deputy general manager of CNHC said, "We are very pleased to establish this strategic partnership with Ming Yang. Ming Yang is our partner of choice in the wind power industry in China, which possesses leading expertise in wind turbine manufacturing and various market and financial resources. We believe the alliance with Ming Yang will help us further develop the renewable energy markets in China."

First Quarter 2013  Financial Results

• Total revenue was RMB805.4 million (US$129.7 million), an increase of 98.1% compared to RMB406.6 million in Q1 2012.
• Gross profit was RMB89.7 million (US$14.4 million), an increase of 121.3% compared to Q1 2012. Gross margin was 11.1% for Q1 2013, compared to 10.0% in Q1 2012.
• Total comprehensive income was RMB4.5 million (US$0.7 million), compared to total comprehensive loss of RMB116.2 millionin Q1 2012.
• Total comprehensive income attributable to shareholders was RMB23.3 million (US$3.8 million), compared to total comprehensive loss attributable to shareholders of RMB114.1 million in Q1 2012.
• Basic and diluted earnings per share was RMB0.19 (US$0.03), compared to basic and diluted loss per share of RMB0.93 in Q1 2012.

"We have positioned Ming Yang to take advantage of the recovery in the market for wind turbine generators in 2013," commented Mr.Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "Our 8.7% market share in China in 2012, in terms of newly installed capacity according to Chinese Wind Energy Association, is a clear vindication of our strategy to focus on offering leading edge, large capacity WTGs and innovative business solutions in China."

"As the renewable industry in China continues its recovery and downstream customers see tangible improvement in their subsidy rebates, Ming Yang continues to expect increased market demand from its customers in 2013. During the previous downturn, Ming Yang had increased its market share, and now with the market in recovery, it expects to continue to enhance its leading market position."

"We increased shipment and revenues for our 2.0MW WTGs in the first quarter of 2013. It was the first time that newly signed orders for 2.0MW WTGs exceeded those of 1.5MW WTGs. We expect 2.0MW-class and above WTGs to have firmer pricing and more room for cost reduction. As WTG pricing in China continues to edge slowly upwards, we believe our products are well placed to take advantage of current market opportunities in China and beyond."

Business Update

New Sales Contracts � During the first quarter of 2013, Ming Yang entered into sales contracts for wind power projects with a total output of 349MW, representing 99 units of 1.5MW WTGs and 100 units of 2.0MW WTGs.

Order Backlog � As of March 31, 2013, the Company's order backlog amounted to 2.2 GW, representing 1,066 units of 1.5MW WTGs, 180 units of 2.0MW WTGs, 67 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG. Cumulative signed orders since its inception amounted to 6.1GW, representing 3,622 units of 1.5MW WTGs, 222 units of 2.0MW WTGs, 84 units of 2.5-3.0MW SCD WTGs and 1 unit of 6.0MW SCD WTG.

Fourth Quarter 2012 Financial Results:

• Total revenue was RMB900.7 million (US$144.6 million), an increase of 11.4% compared to Q4 2011.
• Gross profit was RMB76.2 million (US$12.2 million), an increase of 34.6% compared to Q4 2011. Gross margin was 8.5%, compared to 7.0% in Q4 2011.
• Total comprehensive loss was RMB164.9 million (US$26.5 million), compared to total comprehensive loss of RMB128.7 million in Q4 2011.
• Basic and diluted loss per share was RMB1.16 (US$0.19), compared to basic and diluted loss per share of RMB0.96 in Q4 2011.

"2012 was a very tough year not just for us but also for the whole industry around the world," commented Mr.Chuanwei Zhang, chairman and chief executive officer of Ming Yang. "Despite difficult market conditions, we have managed to increase our market share in China to 8.7% in 2012 compared to the previous year 6.7% according to Chinese Wind Energy Association. As the grid connection issues gradually get resolved, we should continue to see utilization hours of wind farms increase, further enhancing wind as a viable alternative source of power in China."

"Furthermore, the market has started to shift from the traditional 1.5MW-class WTGs to 2.0MW and above WTGs where we believe pricing is firmer and there is more room for manufacturing cost reductions. We have already seen WTG pricing moving towards RMB 4,000 per kW and would not be surprised to see the average price per kW exceeding that level by the end of 2013."

"We have decided to take advantage of the market opportunities presented to us. We have also made some changes to our management team and the board of directors in order to enhance our ability to execute our business strategies. We continue to be optimistic about the opportunities in the wind power market that exist in China and India and are confident that our competitive cost advantage would enable us to further establish ourselves in these respective markets. Last but not least, we expect our first off-shore wind power project to begin construction in the second half of this year and continue to view the off-shore market positively."

ZHONGSHAN, China, August 31, 2012 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that Guangdong Mingyang Wind Power Group Limited ("Guangdong Mingyang"), a subsidiary of Ming Yang, has formed a joint venture (the "Joint Venture") with Huaneng Renewables Corporation Limited ("Huaneng Renewables") (HKEx Stock Code: 0958) specializing in the development of wind and solar power projects in China and overseas markets.

Huaneng Renewables, a subsidiary of China Huaneng Group, is a leading pure-play renewable energy company in China focusing on wind power generation. Huaneng Renewables will have 63% shareholding in the Joint Venture, and Guangdong Mingyang will own the remaining 37%. The Joint Venture will focus on developing and operating wind and solar power projects primarily in Southern China, with an aim to becoming a national and international developer and operator of high quality wind power farms.

"This Joint Venture marks an important milestone in the development of Ming Yang's strategic alliances in the wind power sector," said Chuanwei Zhang, the Chairman and Chief Executive Officer of Ming Yang. "Through this Joint Venture, we have set our sights on becoming the leading wind power farm developer and operator not only in Southern China, but also extending our reach nationwide and overseas in the future. We are delighted to expand our strategic partnership with Huaneng Renewables, and look forward to a successful partnership."

Gang Lin, the Executive Director and President of Huaneng Renewables, said, "We are glad to form this Joint Venture with Ming Yang. Ming Yang's leading position in Guangdong province and its wind resources secured in that area offer us geographical advantages in Southern China. Leveraging our expertise across China, we are confident that the Joint Venture can replicate our success nationwide and beyond. "

ZHONGSHAN, China, June 28, 2012 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that through its subsidiary, Ming Yang Wind Power (International) Co., Ltd ("Ming Yang International"), the Company purchased 141,062,000 shares of Huadian Fuxin Energy Corporation Limited ("Huadian Fuxin") (HKEx: 00816) for an aggregate consideration of approximately US$30.0 million in connection with Huadian Fuxin's initial public offering ("IPO") in Hong Kong and listing on the Hong Kong Stock Exchange on June 28, 2012.

Huadian Fuxin is a leading diversified clean energy company in China, primarily engaged in the development, management and operation of hydropower projects and coal-fired power plants in Fujian province, along with wind power and other clean energy projects throughout China. It serves as the principal platform for the development of China Huadian Corporation's clean energy businesses. According to its IPO prospectus, as of December 31, 2011, Huadian Fuxin reached a consolidated installed capacity of 6,524.1MW into operation, including 2,223.4MW of hydropower, 2,171.3MW of wind power, 2,050.0MW of coal-fired power and 79.4MW of other types of clean energy.

"We are very pleased to have this opportunity to build up our strategic relationship with Huadian Fuxin," said Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Huadian Fuxin, a subsidiary of China Huadian Corporation, has built a strong reputation in developing renewable energy in China. China Huadian Corporation, together with its affiliates, has been a major customer of Ming Yang. We are excited about the potential opportunities that are set to grow between Ming Yang and Huadian Fuxin, given our advantages in technology innovation in the wind power industry.

ZHONGSHAN, China, July 11, 2012 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that it has signed a cooperative agreement (the "Agreement") with Huaneng Renewables Corporation Limited ("Huaneng Renewables") (HKEx: 0958), contemplating the establishment of a joint venture (the "Joint Venture") specializing in the development of wind power and solar projects in China and overseas markets. Under the Agreement, the Joint Venture in contemplation will be controlled by Huaneng Renewables.

"We are glad to expand our partnership with Huaneng Renewables through the Agreement to form the Joint Venture," said Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Huaneng Renewables is an established wind energy generator with a strong track record in wind farm development and operation in China. Partnering with Huaneng Renewables represents an important strategic development for Ming Yang and we look forward to the establishment of this Joint Venture as a pioneer in the industry to jointly develop quality wind farm projects in China."

Gang Lin, Executive Director and President of Huaneng Renewables, said, "We are delighted about this cooperation. Ming Yang is a leading manufacturer in the wind industry, and has secured an abundance of prime wind resources in China. This cooperation will be of great importance for Huaneng Renewables' acceleration of strategic development in the wind power industry."

ZHONGSHAN, China, July 5, 2012 /PRNewswire-Asia/ -- "China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that the Company, through Ming Yang Holdings (Singapore) Pte. Ltd. ("Ming Yang Singapore"), its Singapore subsidiary, has entered into a Shareholders Agreement and Share Subscription Agreement ("the Agreements") with Reliance Capital Limited ("Reliance Capital"), Reliance Net Limited and Reliance Shares and Stock Brokers Limited, three subsidiaries of Reliance Anil Dhirubhai Ambani Group ("Reliance"), one of India's largest private enterprises," said Mr. Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang, in an interview with Southern Daily.

Mr. Chuanwei Zhang said in the interview: "Under the Agreements, Ming Yang Singapore will establish a joint venture with Reliance Capital and subscribe to newly issued shares of Global Wind Power Limited ("GWPL"), a leading wind power solutions provider in India and a current subsidiary of Reliance, representing 55% of its fully diluted share capital, accomplishing substantive shareholding at a consideration of US$25.0 million. In addition, Ming Yang has signed a Memorandum of Understanding ("MOU") with Reliance Power Limited ("Reliance Power"), one of the subsidiaries of Reliance, to co-develop clean energy projects with a total potential output capacity of 2,500MW in India in the next three years. According to the MOU, the Company is expected to supply multi-megawatt wind turbine, major parts and engineering services through GWPL and provide engineering, procurement and construction ("EPC") total solutions, including micro-siting, wind resource assessment studies, project financing and other services for the proposed projects, as well as value-added paid maintenance services upon completion of the projects. Reliance Power is expected to take a leading role in facilitating these proposed projects in addition to providing local market support."

"We are delighted to form this strategic partnership with Reliance, and this is a milestone of Ming Yang's development in South Asian region, and in particular India which is going to be the fastest growing renewable market in the next few years." said Mr. Zhang in the interview. "Reliance is the leading player in India's utility sector, committed to clean energy development, and our strategic partnership is another strong endorsement of our capabilities in overseas markets, where we offer total solutions by combining equipment, technology innovation and financing support. This platform between Reliance and Ming Yang will enable us to quickly capture and grow India and South Asia markets. We are confident that our international market development will gather great momentum and further drive the Company's growth."

ZHONGSHAN, China, July 3, 2012 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that the Company, through Ming Yang Holdings (Singapore) Pte. Ltd. ("Ming Yang Singapore"), its Singapore subsidiary, has entered into definitive agreements with Reliance Capital Limited and its related entities, forming part of Reliance Group ("Reliance"), one of India's largest private enterprises.

In addition, the Company has signed a Memorandum of Understanding ("MOU", together with the definitive agreements above mentioned, "Agreements") with Reliance Power Limited ("Reliance Power"), the largest private sector power company in India, both, in capacity under development as well as Market Cap, to co-develop a large portfolio of clean energy projects.

Under the Agreements, Ming Yang Singapore plans to establish a joint venture with Reliance Capital by subscribing new shares to a significant stake in the share capital of Global Wind Power Limited ("GWPL"), a leading wind power solutions provider in India, in which Reliance Capital Limited and its related entities are currently the largest shareholders. Full release.

ZHONGSHAN, China, June 28, 2012 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that through its subsidiary, Ming Yang Wind Power (International) Co., Ltd ("Ming Yang International"), the Company purchased 141,062,000 shares of Huadian Fuxin Energy Corporation Limited ("Huadian Fuxin") (HKEx: 00816) for an aggregate consideration of approximately US$30.0 million in connection with Huadian Fuxin's initial public offering ("IPO") in Hong Kong and listing on the Hong Kong Stock Exchange on June 28, 2012.

Huadian Fuxin is a leading diversified clean energy company in China, primarily engaged in the development, management and operation of hydropower projects and coal-fired power plants in Fujian province, along with wind power and other clean energy projects throughout China. It serves as the principal platform for the development of China Huadian Corporation's clean energy businesses. According to its IPO prospectus, as of December 31, 2011, Huadian Fuxin reached a consolidated installed capacity of 6,524.1MW into operation, including 2,223.4MW of hydropower, 2,171.3MW of wind power, 2,050.0MW of coal-fired power and 79.4MW of other types of clean energy.

"We are very pleased to have this opportunity to build up our strategic relationship with Huadian Fuxin," said Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang. "Huadian Fuxin, a subsidiary of China Huadian Corporation, has built a strong reputation in developing renewable energy in China. China Huadian Corporation, together with its affiliates, has been a major customer of Ming Yang. We are excited about the potential opportunities that are set to grow between Ming Yang and Huadian Fuxin, given our advantages in technology innovation in the wind power industry.

First Quarter 2012 Results

• Total wind turbine generators ("WTGs") for which revenue was recognized amounted to an equivalent wind power project output of 120MW, or 80 units of 1.5MW WTGs, a decrease of 60.0% compared to Q1 2011.
  
• Total revenue was RMB406.6 million (US$64.6 million), a decrease of 70.9% compared to Q1 2011.
  
• Gross profit was RMB40.5 million (US$6.4 million), a decrease of 88.9% compared to Q1 2011. Gross margin was 10.0% for Q1 2012, compared to 26.0% in Q1 2011.
  
• Total comprehensive loss was RMB116.2 million (US$18.5 million), compared to a total comprehensive income of RMB218.8 million in Q1 2011.
  
• Basic and diluted loss per share was RMB0.93 (US$0.15), compared to basic and diluted earnings per share of RMB1.80 for Q1 2011.

Mr. Chuanwei Zhang, Chairman and CEO of Ming Yang, commented on the first quarter results, "The growth of China's wind power industry is slowing down with a more stringent project approval process, a step in the evolution of the industry. Increased price competition and decreased demand also trimmed the margins of China's WTG manufacturers. Against this backdrop and coupled with continued adverse winter weather, our performance in the first quarter was adversely impacted. Gross margin in the quarter, however, showed moderate improvement compared with the previous quarter, primarily due to a more stable average selling price ("ASP")."

"It is expected that the wind power industry in China will continue to face challenges, with an estimated further reduced newly installed capacity in 2012. Nevertheless, the unusually demanding industry environment may prompt further market consolidation from which we believe we will benefit as a leading market player."

"As the largest non-state owned WTG manufacturer in China and a top ten WTG manufacturer globally, we believe Ming Yang is well-positioned to continue to strengthen its leading market position with a sharp focus on product quality, research and development, innovative business model and cost competitiveness. We are confident that we can capitalize on market opportunities in China and the international markets and retain our competitiveness both during and after this market downturn."

Mr. Zhang continued: "We are pleased to announce two new appointments which represent our commitment to strengthen the breadth and depth of the management team of the international markets. With Mr. Manfred Loong's stature and extensive experience with multinationals and our Company, he has been promoted to CEO of Ming Yang International because he is the best candidate to carry out our strategic overseas investments and international expansion initiatives going forward. We are also pleased to welcome Mr. Vincent Pang to our senior management team as our new CFO. Mr. Pang has an impressive background reinforced with extensive finance and accounting expertise, and we look forward to the significant benefits he will bring to Ming Yang."

Share Repurchase Program

During the first quarter of 2012, the Company repurchased 903,946 ADSs, representing 903,946 ordinary shares, for an aggregate consideration of US$2.1 million (including commissions), under its share repurchase program. Since the inception of the program, Ming Yang has repurchased an aggregate of 3,153,897 ADSs, representing 3,153,897 ordinary shares, for an aggregate consideration of US$8.7 million including commissions.

Preliminary First Quarter of 2012 Selected Unaudited Financial Results

The Company's financial statements for the first quarter of 2012 have not been finalized and are subject to completion of its normal period-end closing procedures. Therefore, the preliminary selected unaudited financial data set forth below may be subject to adjustment and the actual results could differ materially from the preliminary results provided below.

• Revenue for the first quarter of 2012 is expected to be between RMB400.0 million (US$63.5 million) and RMB410.0 million (US$65.1 million), a decline of approximately 70% year-over-year
•  Gross margin in the first quarter of 2012 is expected to be approximately 10%.
• As a result, the Company expects to incur a total comprehensive loss for the first quarter of 2012 between RMB110.0 million (US$17.5 million) and RMB120.0 million (US$19.1 million).

Fourth Quarter 2011 Financial Highlights:

• Total wind turbine generators ("WTGs") commissioned amounted to an equivalent wind power project output of 250.5MW, or 167 units of 1.5MW WTGs, representing a decrease of 34.0% compared to Q4 2010.
• Total revenue was RMB808.3 million (US$128.4 million), representing a decrease of 52.8% compared to Q4 2010.
• Gross profit was RMB56.6 million (US$9.0 million), representing a decrease of 85.2% compared to Q4 2010. Gross margin was 7.0% for Q4 2011, compared to 22.3% in Q4 2010.
• Total comprehensive loss was RMB128.7 million (US$20.5 million), compared to a total comprehensive income of RMB212.2 million in Q4 2010.
• Basic and diluted loss per share was RMB0.96 (US$0.15), compared to basic and diluted earnings per share of RMB1.83 for Q4 2010.

"2011 was a particularly challenging year for the wind power industry in China, highlighted by lower demand in the wake of significant growth from the previous years, and as a result the industry has shifted its focus from size and speed to quality and efficiency," commented Mr. Chuanwei Zhang, Chairman and CEO of Ming Yang. "Against this industrial slow-down, I am pleased to report that Ming Yang has continued to see sustained demand through the full year 2011, and has also been able to reach its targeted gross margin on an annual basis, despite the previously announced delays in revenue recognition and overall market softness impacting performance and results in the fourth quarter."

"The Company has further strengthened and enhanced its market position." Mr. Chuanwei Zhang continued, "According to recent industry reports, Ming Yang was among the top four China-based WTG manufacturers and globally among the top ten WTG manufacturers in 2011, based on MWs of its newly installed WTGs in 2011. This was largely contributable to our focus on product quality, research and development, our innovative business model and our cost competitiveness, as well as the successful implementation of our client and market development strategies."

"Looking ahead, we believe that the wind power industry will maintain solid growth over the long term, and will continue to focus on quality and efficiency, despite the continued challenges we expect in the industry. As ofDecember 31, 2011, our order backlog amounted to 2.1 GW and cumulative signed orders since our inception amounted to 5.0 GW. As our track record shows, we believe Ming Yang is well-positioned to leverage on its core strengths in quality and innovation to capture market opportunities, enhance its market leadership and grow its market share. We have already seen the average selling price ("ASP") of WTGs begin to recover during the first quarter of 2012, which we believe will partially ease the pressure on our gross margin in the ensuing quarters."

Mr. Zhang added, "Ming Yang has also initiated an important step in international market expansion with theBulgaria projects. We believe that, with the advantages in cost competitiveness and innovative business solutions,Ming Yang's international market development will further enhance its leadership in the industry in the future. Our new research and development center in North Carolina is also expected to provide solutions for us to lower the cost of energy and further increase reliability, making our WTGs more competitive and further powering our competitiveness in both China and the international markets."

Preliminary Fourth Quarter 2011 Results

The Company's financial statements for the fourth quarter and full year ended December 31, 2011 have not been finalized and are subject to completion of its normal period-end closing procedures. Therefore, the preliminary selected unaudited financial data set forth below may be subject to adjustment and the actual results could differ materially from the expected results provided.

The Company expects revenue for the fourth quarter of 2011 to decrease by approximately 53% year-over-year, while revenue for full year 2011 is expected to maintain at a similar level as 2010. The decrease in revenues in the fourth quarter was primarily due to (i) the delay in revenue recognition of our Engineering, Procurement and Construction ("EPC") projects; (ii) the delays in installation and commission of our wind turbine generators ("WTGs") of certain wind farm projects primarily caused by adverse weather conditions; and (iii) slower growth in the wind industry in China in 2011.

The Company expects gross margin in the fourth quarter of 2011 to be approximately 7%, while gross margin for full year 2011 is expected to be approximately 18%. The decline was primarily due to decreased average selling price, reflecting increasingly competitive market pricing.

As a result, the Company expects to have a loss for the fourth quarter and profit for the year to decline by approximately 59% as compared to 2010.

The Company is continuing to review its fourth quarter and full year results and will announce its unaudited financial results for the fourth quarter and full year 2011 on March 29, 2012 after the US market closes.

Third Quarter 2011 Results

• Revenue in the third quarter of 2011 was RMB1,904.8 million (US$298.7 million). This compares with RMB1,486.0 million in the corresponding period in 2010.
• Basic and diluted earnings per share for the third quarter of 2011 was RMB0.82 (US$0.13), compared to RMB1.70 in the corresponding period in 2010.

Second Quarter 2011 Results

• Revenue in the second quarter of 2011 was RMB1,405.5 million (US$217.4 million), representing an increase of 7.2% from RMB1,310.5 million in the corresponding period in 2010.
• For the second quarter of 2011, basic and diluted earnings per ordinary share were RMB0.67 (US$0.10) compared to basic and diluted earnings per ordinary share of RMB1.61 (US$0.24) for the corresponding period in 2010.

"The development of China's wind power industry has entered a crucial phase, where its focus is shifting from size and speed to quality and efficiency. In the past three years, Ming Yang has laid a solid foundation by focusing on quality product development, R&D, innovative business models, further integration of high-end supply chain, and development of wind and solar energy storage solutions, and mostly importantly our active participation in the development of off-shore wind power in China. As a result, Ming Yang is not beset by the numerous problems affecting many wind turbine manufacturers in China such as excessive development, quality issues, lack of LVRT technology integration and most importantly effective cost management. I believe Ming Yang is well placed to continue to take advantage of the opportunities present in the Chinese market, and to grow our market share in 2011 and beyond. "

ZHONGSHAN, China, August 16, 2011 /PRNewswire-Asia/ -- China Ming Yang Wind Power Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind turbine manufacturer in China, today announced that its Board of Directors has approved a share repurchase program, effective immediately.

Under the program, Ming Yang is authorized to repurchase up to US$50 million worth of issued and outstanding American Depositary Shares ("ADSs") in the open market or in negotiated transactions, from time to time, depending on market conditions and other factors as well as subject to relevant rules under Untied States securities regulations. The share repurchase program will be funded by the Company's available working capital. As of June 30, 2011, the Company had cash and cash equivalents of approximately US$265.6 million.

"This program reaffirms our confidence in the long-term growth of the Company," said Chuanwei Zhang, Chairman and CEO of Ming Yang. "We believe our ADSs are currently undervalued, and the share repurchase program not only represents a good investment for our company, but also demonstrates our commitment to increase shareholder value."

ZHONGSHAN, China, July 25, 2011 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE:MY - News), a leading wind turbine manufacturer in China, today announced that it has signed a engineering, procurement and construction ("EPC") contract (the "Contract") with Guangdong Yudean Xuwen Wind Power Co., Ltd., a subsidiary of Guangdong Yudean Group Co. Ltd. ("Yudean") for a 48MW offshore wind power project in Zhanjiang, Guangdong. The project has already received the approval from the Guangdong provincial development and reform committee ("GDRC"). Ming Yang will supply the following under the Contract:

ZHONGSHAN, China, May 31, 2011 /PRNewswire-Asia/ -- China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company") (NYSE:MY), a leading wind turbine manufacturer in China, today announced it has withdrawn the registration statement on Form F-1 previously filed with the Securities and Exchange Commission relating to the proposed public offering of up to 15,000,000 American depositary shares ("ADS") of the Company by certain selling shareholders.

"We believe the selling shareholders decision to cancel the proposed offering demonstrates their view that the current share price is significantly undervalued and does not reflect the fundamentals of our business and our future growth prospects," said Chuanwei Zhang, Chairman and Chief Executive Officer of Ming Yang.

In light of current market conditions, Ming Yang's board of directors has approved that the Company consider implementing a share repurchase program. Such a share repurchase program may include the repurchase by Ming Yang of ordinary shares or ADSs of the Company in privately negotiated transactions or in the open market from time to time depending on market conditions and other factors as well as subject to relevant rules under the United States securities regulations. The Company intends to announce the size and other terms of the program once finalized and approved by the board.

"Ming Yang has delivered solid financial performance in 2010 and the first quarter of 2011 and we fully expect to meet our expected revenue targets for 2011," said Mr. Zhang. "The decision to explore a share repurchase program by the Company reflects our confidence in our ability to successfully execute our business strategies and deliver value to our shareholders."

Mr. Zhang added, "Subject to Company policy and securities law compliance, I also intend to buy additional shares in the Company to demonstrate my confidence in the Company."

Fourth Quarter Results:

• Total revenue was RMB1,713.3 million (US$259.6 million), representing increases of 15.3% over Q3 2010 and 403.9% over Q4 2009.
• Gross profit was RMB382.9 million (US$58.0 million), representing increases of 54.0% over Q3 2010 and 818.2% over Q4 2009.  
• Gross margin for the fourth quarter was 22.3% compared to 16.7% in Q3 2010 and 12.3% in Q4 2009.
• Total comprehensive income for the period was RMB212.2 million (US$32.2 million), an increase of 19.7% over Q3 2010. We incurred comprehensive loss in Q4 2009.
• Basic and diluted earnings per ordinary share were RMB1.83 (US$0.28) compared to basic and diluted earnings per ordinary share of RMB1.70 for Q3 2010 and basic and diluted loss per ordinary share of RMB0.90 for Q4 2009.

Full Year 2010 Financial Highlights

• Total WTGs commissioned were 802 units, or 1,203.0 MW, representing an increase of 427.6% over 2009.
• Total revenue was RMB5,517.8 million (US$836.0 million), an increase of 370.5% over 2009.
• Gross profit was RMB1,087.4 million (US$164.8 million), an increase of 1330.8% over 2009.  Gross margin for the full year 2010 was 19.7% compared to 6.5% in 2009.
• Total comprehensive income for the year was RMB690.0 million (US$104.5 million), compared with a total comprehensive loss of RMB223.1 million in 2009.
• Basic and diluted earnings per ordinary share were RMB6.61 (US$1.00) compared to basic and diluted loss per ordinary share of RMB2.21 in 2009.
  

Mr. Chuanwei Zhang, Chairman and CEO of Ming Yang, commented: "I am extremely pleased with our continued strong performance in the fourth quarter. We recognized revenues from 253 units of 1.5 MW WTGs in the quarter. While pricing across the industry continues to be challenging, we worked hard to reduce costs and successfully increased our gross margin to 22.3% for the quarter. In addition, our order backlog provides us with great confidence that we are on track to fulfill our expected sales targets for 2011."

Based on current market and operating conditions, estimated production capacity and forecasted customer demand, the Company reiterates its target to achieve revenue recognition of an estimated 1,400 units of 1.5MW WTGs and 100 units of 3.0MW SCD WTGs in 2011.

ZHONGSHAN, China, Feb. 1, 2011 /PRNewswire-Asia/ -- China Ming Yang Wind Power announced that it has won a total of 1.1GW new bids in January 2011, including 200MW for its 2.5/3.0MW Super Compact Drive ("SCD") wind turbine generators in both onshore and offshore tenders.

Ming Yang reports that it won bids in all tenders in which it participated, with the aggregate winning bids in excess of 20% of the amounts available for tender. Over 75% of the new bids won were from the top 5 national wind farm operators, including Huandian Power International, Huaneng Power International, Datang International Power Generation, Datang New Energy and China Longyuan Power, further improving its customer mix among national and provincial operators.

China Ming Yang Wind Power Group Limited set to commence IPO.

Company Snapshot:

Wind turbine manufacturer in China

Industry Snapshot:

• According to the Renewable Energy Law, which became effective on January 1, 2006, the renewable energy industry, which includes the wind power industry, is subject to regulations of the national energy authority. Pursuant to the Renewable Energy Law, the PRC government encourages the development and utilization of renewable energy resources, including the funding of scientific and technological research in renewable energy applications and the industrialization of the renewable energy industry.
  
• China has adopted the policy of encouraging and supporting wind power generation. The Electric Power Law of the PRC implemented in 1996 set out the State’s encouragement and support on the utilization of renewable energy and clean energy, including wind energy, for power generation. The newly revised Law of the PRC on the Prevention and Control of Atmospheric Pollution promulgated in 2000 also encouraged the development and utilization of clean energy such as solar, wind and water energy.
  
• Pursuant to the Renewable Energy Law, the national energy authority is tasked with drafting medium to long-term targets for renewable energy output. Under the NDRC Plan, the PRC government aims to achieve 10% renewable energy consumption as a percentage of total energy consumption by 2010 and 15% by 2020, an increase from 7.5% in 2005. The NDRC Plan calls for increasing the total installed wind power capacity to 5GW by 2010 and 30GW by 2020.

Use Of proceeds:

We intend to use approximately $9.0 million of our net proceeds from this offering for the installation of three production lines (production lines 2, 3 and 4) in the Evergreen Product facility that we are in the process of completing. We expect production line 2 to be installed and begin operating on a large scale by February 2011. We plan to begin installing production lines 3 and 4 in fiscal year 2011 and to utilize these production lines for production of Evergreen Products beginning in November 2011 and April 2012, respectively. We intend to use the remaining net proceeds from this offering for working capital and other general corporate purposes.

Underwriter(s):

• Morgan Stanley & Co. International plc
• Credit Suisse Securities (USA) LLC
• Merrill Lynch, Pierce, Fenner & Smith

Proposed maximum offering price: $16.00

Post IPO Share Calculation: (Using a 1 to 1 Ordinary to ADS conversion ratio).

• 100,000,000: Pre IPO fully diluted share count used in EPS calculation. 
•   25,000,000: Newly issued ADS shares 
•     3,750,000: Over-allotments ADS Shares

GeoTeam® best effort calculation of total post IPO ADS count to be used in EPS calculations, assuming full conversions and a Ordinary to ADS conversion ratio of 1 to 1:  128,750,000

Financial Snapshot:

We incurred losses in the amount of RMB22.6 million, RMB499.7 million and RMB223.1 million (US$32.9 million) in 2007, 2008 and 2009, respectively. We became profitable beginning in the first quarter of 2010 and generated a profit in the amount of RMB300.5 million (US$44.3 million) in the first six months of 2010.