-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CC3QwfwuS1bTqQaUoem+HLITF4htmU0EPpMLKXOgGNcPqDuKSGxAOBDYWehQLaJb tnb+0IHHfPTEPDLURNxa9Q== 0001144204-08-054958.txt : 20080929 0001144204-08-054958.hdr.sgml : 20080929 20080929122704 ACCESSION NUMBER: 0001144204-08-054958 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080923 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080929 DATE AS OF CHANGE: 20080929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Wind Systems, Inc CENTRAL INDEX KEY: 0000819926 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550] IRS NUMBER: 752233445 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-16335 FILM NUMBER: 081093153 BUSINESS ADDRESS: STREET 1: NO. 9 YANYU MIDDLE ROAD QIANZHOU VILLAGE STREET 2: HUISHAN DISTRICT, WUXI CITY CITY: JIANGSU PROVINCE, STATE: F4 ZIP: 00000 BUSINESS PHONE: (86) 51083397559 MAIL ADDRESS: STREET 1: NO. 9 YANYU MIDDLE ROAD QIANZHOU VILLAGE STREET 2: HUISHAN DISTRICT, WUXI CITY CITY: JIANGSU PROVINCE, STATE: F4 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: MALEX INC DATE OF NAME CHANGE: 19920703 8-K 1 v127469_8k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549  
 

 
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 
 
Date of report (Date of earliest event reported): September 23, 2008
 

 
CHINA WIND SYSTEMS, INC.
 


(Exact name of registrant as specified in Charter)
 
Delaware
 
33-16335
 
74-2235008
(State or other jurisdiction of
incorporation or organization)
 
(Commission File No.)
 
(IRS Employee Identification No.)
 
No. 9 Yanyu Middle Road
Qianzhou Village, Huishan District, Wuxi City
Jiangsu Province, People’s Republic of China

 (Address of Principal Executive Offices)
 

(86) 510-8338-6339

 (Registrant’s Telephone number)
 
Copies to:
Asher S. Levitsky PC
Sichenzia Ross Friedman Ference LLP
61 Broadway, 32nd Floor
New York, New York 10006
Phone: (212) 981-6767
Fax: (212) 930 - 9725
E-mail: alevitsky@srff.com

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 

 
 
Item 7.01.
Regulation FD Disclosure.

On September 23, 2008, China Wind Systems, Inc., a Delaware corporation (the “Company”), announced that it had signed a preliminary agreement to supply certain rolled rings to Wuxi Lida Gear Manufacturing Co. Ltd. Additionally, on September 25, 2008, the Company announced that it had signed preliminary agreements to supply certain wind tower flanges to Gansu Keyao Electrical Power Co., Ltd. and Gansu Changcheng Electrical Power Machinery Co., Ltd. Copies of the two press releases are being filed as Exhibits 99.1 and 99.2 to this Form 8-K and are incorporated herein by reference in their entirety.
 
In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 and 99.2, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.
 
Item 9.01
Financial Statements and Exhibits.

(d) Exhibits.

 
99.1
Press release dated September 23, 2008, issued by China Wind Systems, Inc.
 
99.2
Press release dated September 25, 2008, issued by China Wind Systems, Inc.
 
 
 

 

SIGNATURES
 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
Date: September 26, 2008
China Wind Systems, Inc.
 
 
 
 
By:  
/s/ Adam Wasserman
 
Adam Wasserman
 
Chief Financial Officer

 
 

 
 
EX-99.1 2 v127469_ex99-1.htm
Exhibit 99.1
 
 
China Wind Systems, Inc. Signs Agreements with New Wind Power and Heavy Machinery Customers
 
Tuesday September 23, 8:00 am ET 
 
WUXI, Jiangsu, China, Sept. 23 /Xinhua-PRNewswire-FirstCall/ -- China Wind Systems, Inc. (OTC Bulletin Board: CWSI - News; "China Wind Systems" or the "Company"), which supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China, today announced that it has signed a preliminary agreement with Wuxi Lida Gear Manufacturing Co. Ltd. ("Wuxi Lida") to supply rolled rings measuring from 3 meters to 4.5 meters in diameter for use in the wind power industry. Wuxi Lida is a gear-rim fabricator with the capacity to fabricate up to 5,000 units per year. In addition, China Wind Systems also signed a preliminary agreement to supply Wuye Heavy Industry Machinery Co. ("Wuye Heavy Industry Machinery") with forged products including shafts and pedestals for use in the heavy machinery industry.
 
The agreement with Wuxi Lida stipulates that China Wind Systems will supply 1,350 tons of forged rolled rings for a total purchase price of approximately RMB 20 million ($2.9 million) starting from the fourth quarter of 2008. Wuxi Lida fabricates the rolled rings into gear rims and in turn sells the gear rims to companies in the wind power industry. China Wind Systems is required to manufacture the forged rolled rings based on the technical and quality specifications provided by Wuxi Lida, and Wuxi Lida has the right to inspect the Company's facilities to verify compliance with the specifications. The terms of the purchase are subject to a definitive agreement which sets forth the specific types, dimension and quantity of the forgings, as well as terms and conditions of the sale after the Company commences its production of forged products, which is expected in October 2008.
 
The agreement with Wuye Heavy Industry Machinery, contemplates that China Wind Systems will start supplying Wuye Heavy Industry Machinery with 1,300- 1,650 tons of shafts and pedestals for a total purchase price of approximately RMB 20-25 million ($2.6-2.9 million) from the fourth quarter of 2008 through the second quarter of 2009. Wuye Heavy Industry Machinery will sign a formal contract with China Wind Systems after inspecting the forged products manufactured by the Company to ensure that the products conform to the technical specifications and quality standards provided.
 
"We continue to see strong interest in our forged products both for the wind power and other industries, and we are confident that our product quality will meet the strict quality requirements of Wuxi Lida, Wuye Heavy Industry Machinery, and other potential new customers," said Mr. Jianhua Wu, chairman and CEO of China Wind Systems. "We expect to sign more contracts with wind- power equipment manufacturers as we ramp up our production in October 2008. Thus, we are confident we will meet the newly updated guidance for full year 2008 of $45 million in revenues and more than $7 million in net income," Mr. Wu said.
 
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 and energy industries in China. With its newly finished state-of-the-art production facility, the Company is expected soon to significantly increase its 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 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 ( http: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.
 
For more information, please contact:

Company Contact:
Mr. Leo Wang
Vice President, Finance
China Wind Systems, Inc.
Tel: +1-917-455-7735
Email: leo.wang@chinawindsystems.com
Web: http://www.chinawindsystems.com

Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Investor Relations
Tel: +1-646-213-1915 (NY Office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com

###

 
 
 

 
 
EX-99.2 3 v127469_ex99-2.htm
 
Exhibit 99.2
 
China Wind Systems, Inc. Signs Agreements to Supply Wind Tower Flanges for Chinese Wind Farms
 
Thursday September 25, 8:30 am ET 
 
WUXI, Jiangsu, China, Sept. 25 /Xinhua-PRNewswire-FirstCall/ -- China Wind Systems, Inc. (OTC Bulletin Board: CWSI - News; "China Wind Systems" or the "Company"), which supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China, today announced that it has signed preliminary agreements with Gansu Keyao Electrical Power Co., Ltd. ("Gansu Keyao") and Gansu Changcheng Electrical Power Machinery Co., Ltd. ("Gansu Changcheng") to supply wind-tower flanges starting from the fourth quarter of 2008.
 
The agreement with Gansu Keyao stipulates that China Wind Systems will begin supplying Gansu Keyao with 3,300 tons of flanges for a total purchase price of approximately RMB 50 million ($7.3 million) during the fourth quarter of 2008. The agreement with Gansu Changcheng stipulates that China Wind Systems will supply Gansu Changcheng with 2,650 tons of flanges for a total purchase price of approximately RMB 40 million ($5.8 million), also beginning in the fourth quarter of 2008.
 
Both companies will sign formal contracts with China Wind Systems after inspecting the forged products manufactured by the Company to ensure that the products conform to the customers' technical specifications and quality standards. The formal contracts will set forth the specific type, dimension and quantity of the products in accordance with the customers' respective demands and year-end production plan.
 
"We are pleased to increase our contribution to the wind-power industry with these agreements to supply critical components, and are confident that our products for Gansu Keyao and Gansu Changcheng will meet the technical and quality specifications provided," said Mr. Jianhua Wu, chairman and CEO of China Wind Systems. "Our list of potential wind-power contracts continues to grow as we prepare to commence production at our new facility in October, making us confident that we will meet our newly updated guidance for full year 2008 of $45 million in revenues and more than $7 million in net income," Mr. Wu said. "China Wind Systems continues to successfully implement its expansion plan to become a key wind-power components supplier to the booming wind-power industry in China."
 
 
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 and energy industries in China. With its newly finished state-of-the-art production facility, the Company is expected soon to significantly increase its 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 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.
 
For more information, please contact:

Company Contact:
Mr. Leo Wang
Vice President, Finance
China Wind Systems, Inc.
Tel: +1-917-455-7735
Email: leo.wang@chinawindsystems.com
Web: http://www.chinawindsystems.com

Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgir.com

 
 

 




 
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