China Wind Systems Receives New RMB 42.94 million (USD 6.5 million) Contract to Supply Forged Rolled Rings

WUXI, China, Nov. 15, 2010 /PRNewswire-Asia-FirstCall/ -- 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, today announced that the Company received another contract to supply forged rolled rings to Luoyang Xin Qiang Lian Bearing Co., Ltd. ("Xin Qiang Lian"), a wind power component producer.

Pursuant to the contract, China Wind Systems will supply 3578.2 tons of forged rolled rings to Xin Qiang Lian by March 31, 2011 at a selling price of RMB12,000 ($1,806) per ton. The total sales price is RMB 42.9 million ($6.5 million).

"Given the satisfaction with the quality and performance of our products, Xin Qiang Lian increased their order with us by 41.7% in tonnage. This large scale repeat order within a period of three months demonstrates the high-quality of our products and services, technical capability and strong market position," said Mr. Jianhua Wu, Chairman and CEO of China Wind Systems. "We have observed rising demand for wind related forged rolled ring products driven by strong market demand for wind power. We anticipate our wind segment to drive our future revenue and net income growth."

About China Wind Systems, Inc.

China Wind Systems supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile industry in China. With its new state-of-the-art production facility, the Company has increased its production and shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries. For more information on the Company, visit http://www.chinawindsystems.com . Information on the Company's Web site or any other Web site does not constitute a portion of this release.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary and affiliated companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

SOURCE China Wind Systems, Inc.