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Goldwind Group PresentationEmpower Green Energy To Serve The World

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Page 1

Agenda

Part 1 Company Overview

Part 2 Technology, Products and Solutions

Part 3 Internationalization Strategy

Part 4 Corporate Aspiration

Part 5 Corporate Social Responsibility

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Our Climb: A steady rise to the topGoldwind has developed into one of the leading OEMs in the industry.

Global Market Share in %

Global Ranking

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Our Business: A provider of integrated solutionsOptimized solutions to enhance customer value.

Page 4

Customer

Needs

Wind Turbine R&D

and Manufacturing

Wind Farm Finance

and Development

Wind Farm O&M,

EPC & BOP Services

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Our Strategy: Well positioned to achieve our goalsWe can offer diversified solutions through globalization, expansion of our existing businesssegments and development of new business lines.

R&DWind Turbine

UnitTechwin

Services

(Tianyuan)

Development

(Tianrun)Investment International

Strategic Goals Across the Industry Value Chain

Over 14 years of

R&D experience.

The core business

with >12GW

manufactured.

Manufacturing of

electrical control

systems for wind

and solar.

Provides full-cycle

O&M service with

SCADA and Energy

Management

System.

Financing, develop

ment and

operations of wind

farms with >1GW

installed.

Strategic partner-

ships and

investments in

target areas of

value chain.

Interface for

foreign

markets, sales

focus on emerging

markets.

Goldwind Group

Improve and

maintain

technological

leadership.

Manufacturing

excellence at

highest economies

of scale and scope.

Counter supply

bottlenecks and

expand into new

industry segments.

Diversify

profits, improve

quality feedback

and maintain

strong customer

relations.

Diversify profits,

support the sale of

turbines with

highly competitive

ROI.

Optimize business

unit portfolio and

competitiveness

along the

value chain.

Diversify

profits, leverage

synergies and

financing as well

as establish the

brand globally.

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Stable Business: Increasing diversity of profits to sustain long term growthGoldwinds service and investment business units are steadily establishing themselves as keydrivers for absolute profit and profit diversity.

Source: Company filings.

WTG Sales Gross Profit

Wind Power Services Gross Profit

Wind Farm Development Gross Profit

Gain on Wind Farm Sales

2% >< 2% 1% > < 3%

4% > < 3%

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Agenda






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Goldwind 1.5 MW Turbine Design Summary

1

2

4

57

6

1 Rotor blade

2 Cast hub

3 Pitch drives

4 Generator stator

5 Generator PM rotor

6 Base frame

7 Tower

3

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3-5%higher power output

20%higher reliability.

20%+lower maintenance cost.

PMDD: The superior generator for strong wind energy economicsGoldwind has optimized its direct-drive permanent magnet design to further improvereliability, enhance power output and minimize maintenance cost.

Source: Morgan Stanley, IHS EER.

Superior Power Quality &

Grid Code Compliance

Superior PowerGenerating EfficiencySuperior Reliability &Reduced O&M Cost

LCOE

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Our Products: Development that satisfies our customers needsProgressive evolution in developing a highly competitive portfolio of WTGs with a systematicapproach to achieve the best combination with blade, tower and foundation.

Past Products

Current Flagship Products

Products in Development

750kW600kW

10.0MW6.0MW

Onshore

Offshore

2.5MW1.5MW 3.0MW

Prototypes

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Focus on Innovation: Product specialization drives our sales successSpecialized products designed for challenging environments drive China sales and giveGoldwind a competitive advantage in the global market.

Source: Company filings.

Environment China Installations Global Installations

Low temperature Heilongjiang, Liaoning, Jilin, Inner Mongolia, Xinjiang, Hebei, Gansu, Ningxia USA

High temperature Jiangxi, Hainan Ethiopia, Pakistan

High altitude Yunnan, Guangxi, Guizhou, Qinghai Ecuador, Chile

Low wind speed Beijing, Hebei, Shanxi Cyprus

Coastal/intertidal Jiangsu, Jiangxi, Shandong

Offshore Jiangsu, Liaoning

For the 2nd

time in a row Goldwind was selected as one of MIT Technology Reviews 50 Most Innovative Companies

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Global R&D: Leveraging international synergies and knowledgeGoldwind employs over 800 R&D and Service engineers based in 3 R&D centers and holdsstrong partnerships with leading universities around the world.

R&D Center

University Cooperation

GermanyNeunkirchen

ChinaUrumqi

ChinaBeijing

AustraliaUNSW

United StatesColumbia University

Brown University

EuropeHS Saarbrcken

TU Delft

DTU Copenhagen

HEC Lausanne

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Partnered for Success: Goldwind and Vensys Lead the IndustryPartnership provides mutual benefits to both parties so that success is maximized.Together Vensys and Goldwind possess over 20 years of PMDD R&D expertise

Note: GW is short for Goldwind.

Cutting-Edge Technology Full-Scale Wind Energy Solutions

Pioneer of Direct Drive Technology

Strong team of leading wind energy experts

Technology-focused business model

License and component revenue streams

Cost-efficient manufacturing excellence with

quality/reliability focus

Global presence & customer/supplier relations

Highly competitive all-round business model

Strong financing & capital capabilities

2002

GW introduced

Vensys 1.2MW DD

WTG

2004

GW introduced

Vensys 1.5MW DD

WTG

2008

Goldwind Acquired

70% of Vensys and

started joint R&D

2009

Joint R&D of 2.5MW

DD WTG, GW

Developed 3.0MW

1990

Vensys Began R&D

DD WTGs

1995

GW Developed 1st

600kW WTG

2011-2012

GW R&D 6MW DD

WTG and Begun

10MW R&D

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Local Presence: Manufacturing excellence close to customer sitesOur 14 production facilities are positioned close to customer sites and demand hubs.

PMDD

Generators

PMDD Generator

Manufacturing

Nacelle AssemblyHub Assembly

CHINA

EUROPE

Urumqi Facility

Phase I/IIBaotou

Facility

Jiuquan Facility

Hami Facility

Xian Facility

Dafeng Facility

Chengde Facility

Beijing Facility

Phase I/II

Neunkirchen,

Germany Facility

l l b l l f

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Quality Procurement: Creating a global supply footprintWe achieve to create global long-term partnerships with the leading suppliers in the industry.

*Different markets may use different components according to customers' requirements

BLADES

PITCH CONTROL

CONVERTER TOWER

CONTROL SYSTEM HARDWARE

YAW BEARING

MAIN BEARING

GENERATOR

ULTA CAPACITORS

PITCH BEARINGS

The Goldwind procedure for the introduction of newsuppliers is in accordance with industry practice, including

quality audits etc. GH has gained the impression that

Goldwind handles the introduction of new suppliers well.

- GL Garrad Hassan

G ld i d S i Wi d f i d O&M i

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Pre-Construction Post-ConstructionConstruction

Wind evaluation

WTG selection

Wind farm design

Goldwind provided consulting

service for approximately 5.0

GW of projects, including 1.5

GW in foreign markets.

Site preparation

EPC contracting

Logistics

Goldwind has >5 years of EPC

expertise and EPC revenues

exceeded mRMB 250 in 2011.

Wind farm O&M

Spare parts support

Information services

Goldwind had 5.274 MW underSCADA in 2011 (+ 45% y-o-y) and

is providing EMS to 61 wind farms

with >mRMB 48 in revenues.

Goldwind Service: Wind farm construction and O&M servicesGoldwind provides customers with comprehensive wind power solutions, including windevaluation, EPC, O&M, and monitoring.

G ld i d C it l O j t d l t & fi i

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Goldwind Capital: Overseas project development & financingGoldwind Capital provides a full range of financing solutions and has established a robustnetwork of international financial institutions.

Established Relationships

Project

Financing

Financial Derivate

Management

Foreign Exchange

Management

AccountManagement

Bridge

Loan

A d

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Agenda






Goldwind is becoming a truly multinational company

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Goldwind is becoming a truly multinational companyStarting from international technology Goldwind is rapidly advancing along the stages ofinternationalization to become a global wind energy company.

International TechnologyAcquiring Vensys as the global

DDPM pioneer.

International TalentTapping high level talent

with global exposure.International Management

Leveraging international

management strengths.

Continuous

Improvement

International CapitalGrowing global investment

portfolio & capital strength.

International DevelopmentInitiating pilot projects &

partnerships worldwide.

The Goldwind Group has a growing international track record of 302MW

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The Goldwind Group has a growing international track record of 302MWWith 302 MW delivered and a backlog of 221 MW outside of China, excluding 188 MW ofsuccessful bids, Goldwind is successfully developing a broad international footprint.

Europe

134.0

36.0

China

Central & South America

North America

21.0

105.0

77.0

> 13.000

> 3,000

19.5

0

Australia

Africa &

Middle East

51.0

0

Legend (as of H1 2012)

MW delivered

MW Backlog

Local Goldwind Office

Asia Excl. China

49.5

Note: International deliveries includes internal sales to international projects and sales by majority-owned subsidiary Vensys

31.0

Overseas Installations: Our market development is well on track

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Overseas Installations: Our market development is well on trackGoldwind has established a successful footprint in mature markets such as the US, with majorglobal developers and major Chinese infrastructure developers.

Capacity

Developer

OwnerFinancing

Unit Type

O&M

70.5 MW

Mainstream RP

50/50 JV w Mainstream

Goldwind

High Altitude

GW87/1.5MW

Goldwind

51.0 MW

Hydro China

Ethiopia Electric

China Ex-Im Bank

GW77/ 1.5 MW

Goldwind

109.5 MW

Goldwind Tianrun

Goldwind Tianrun

Goldwind

68 units of GW82/1.5MW

3 units of GW100/ 2.5MW

Goldwind

Shady Oaks (USA) Adama (Ethopia)Ckani (Chile) Mortons Lane (Australia)

19.5 MW

Tianrun

CGN

Goldwind

GW82/ 1.5 MW

Goldwind

Agenda

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Agenda






Our Goal: A global company for the global green energy market

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Our Goal: A global company for the global green energy market

90s-2004 2009 - 2015 2015 - Future2004 - 2009

FullValue

BasicValue

FutureValu

e

Goldwinds Yesterday

Goldwinds Today

Goldwinds Tomorrow

WTG

Pilot Run

WTG

Industrialization

Market Leading WTG Manufacturer

Top Value Creation Ability

Wind Power Industry Innovator

Enlarged and Growing Green Business

A Global Company for the

Global Green Energy Market

Integrated WindPower Solution

Overseas

Expansion

Smart Grid

Applications

Integrated

Renewables

Goldwind is devoted to advance the global wind industry and transforms its portfolio ofintegrated wind power solutions into an enhanced set of offerings across renewables.

Agenda

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Agenda






Employee Benefits: Goldwind University (GWU)

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Employee Benefits: Goldwind University (GWU)In September 2011, Goldwind launched the first corporate training and recreation facilitywithin Chinas wind turbine manufacturing industry.

Goldwind provides outstanding benefits to its

employees.

This includes a wide range of activities, a sports

club that includes a swimming pool, a basketball

court and a tennis court.

With the establishment of Goldwind

University, Goldwind also continuously

enhances the knowledge base of its

employees, focused on but not limited torenewable energy.

GWU partners with leading universities globally.

Goldwind China: Improving local communities & intercultural exchange

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Goldwind China: Improving local communities & intercultural exchangeGoldwind China is working hard to improve local communities and raise awareness andpopularize the knowledge and impact of wind power.

School donations in Xinjiang and Dafeng.

Wind power education and plant visit for German high school

students in cooperation with Vensys.

Tree planting near Beijing.

Goldwind USA: Catch the Wind Education Program

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gGoldwind USA and Mortenson have partnered to bring an innovative education program toschools for economically disadvantaged students in Chicago.

A one-hour interactive classroom experience

that teaches children about clean energy.

GW USA plans to improve upon the pilot program to

bring an updated Catch the Wind experience to some of

Chicagos less fortunate schools.

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Page 28The seven Rila lakes, South West, Bulgaria Page 28

Goldwind Installed Capacity

> 12 GW

Equivalent to

9.6 million tons coal saved per year,

23.94 million tons carbon emissions reduced per year,

13.11 million cubic meters newly planted forest.

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Contact

[email protected]

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201209141055552

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