China Ming Yang Wind Power Group Limited Announces Pricing of Initial Public Offering at $14.00 per ADS and Listing on the New York Stock Exchange

NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- China Ming Yang Wind Power Group Limited (NYSE: MY) ("Mingyang"), a leading and fast-growing wind turbine manufacturer in China, today announced that its initial public offering of 25,000,000 American Depositary Shares ("ADSs"), each representing one ordinary share of Mingyang, was priced at $14.00 per ADS. The ADSs will begin trading on the New York Stock Exchange on October 1, 2010, under the symbol "MY".

The underwriters have a 30-day option to purchase up to an aggregate of 3,750,000 additional ADSs from Mingyang to cover over-allotments.

Morgan Stanley, Credit Suisse and BofA Merrill Lynch are acting as joint bookrunners for the offering.

Mingyang's registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York, 10014, telephone: 1 (866) 718-1649, or by e-mailing [email protected], Credit Suisse Securities (USA) LLC (1-800-221-1037) or Merrill Lynch, Pierce, Fenner & Smith Incorporated (1-866-500-5408).

About China Ming Yang Wind Power Group Limited

China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading and fast-growing wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines.  Mingyang produces advanced, highly adaptable wind turbines with high energy output and low energy production costs and provides customers with comprehensive post-sales services.  Mingyang cooperates with aerodyn Energiesysteme, one of the world's leading wind turbine design firms based in Germany, to develop wind turbines and share intellectual property rights. Mingyang's key customers include the five largest state-owned power producers in China, with an aggregate installed capacity accounting for more than 50% of China's newly installed capacity in 2009.

SOURCE China Ming Yang Wind Power Group Limited