Wind Energy

China Wind Systems Appoints KRC to Develop a SOX 404 Compliance Program

China Wind Systems, Inc. (Nasdaq: CWS), ("China Wind Systems" or the "Company"), a leading supplier of forged products and industrial equipment to the wind power and other industries in China, announced that on January 12, 2011, the Company engaged Shanghai KRC Business Consulting Co., Ltd. ("KRC") to assist the Company in preparing for the compliance of the internal control over financial reporting requirements of Article 404 of the Sarbanes-Oxley Act ("SOX 404").

KRC’s SOX compliance service team will assist China Wind Systems to meet the requirements of SOX 404. KRC’s blend of international experience and local knowledge provides the support and counseling to prepare a SOX 404 compliance program, evaluate and document new procedures for the Company’s internal controls and make recommendations to manage SOX 404 compliance. KRC has assisted many companies listed in the U.S. in establishing and maintaining SOX 404 compliance programs.

"We are pleased to engage KRC to assist China Wind Systems in complying with the SOX 404 reporting requirements," said Mr. Fernando Liu, Chief Financial Officer of China Wind Systems. "KRC will play an important role in assisting the Company to achieve its goal of strengthening internal controls. We are committed to establishing and maintaining sound corporate governance principles, which we believe is critical to creating long-term shareholder value."

KRC Certified Public Accountants Co., Ltd. is a professional local firms association that provides audit, tax, and advisory services, with a business focus. The aim of KRC is to turn knowledge into value for the benefit of the firm’s clients, people, and the capital markets. Most of its professional consultants have several years of experience working with the Big Four CPA firms and multinational companies as local management. KRC’s industry experience spans from manufacturing, hi-tech, infrastructure, telecom, pharmaceutical to trading, real estate, retailing, financial and professional services. Its corporate clients include multinational companies, foreign invested enterprises, private companies and SOEs, some of which are Global 100 and Fortune 500 companies.

China Wind Systems, Inc. is a profitable, rapidly growing supplier of precision forged components primarily to the wind energy industry in China – the world’s leading wind-power market. The Company also supplies forged and other components and fabricated products to other industries.

www.chinawindsystems.com