UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

Amendment No. 1

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): October 17, 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, 32^nd 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 1.01. Entry into a Material Definitive Agreement.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 17, 2008, China Wind Systems, Inc., a Delaware corporation (the “Company”), entered into a purchase agreement with Eos Holdings LLC for the sale of a 17.4% subordinated note, due six months from the date of issuance (the “Note”) in the principal amount of $575,000, for a purchase price of $575,000. Under the terms of the purchase agreement and the Note, the Company may prepay the Note, in whole or in part, at any time prior to the maturity date of the Note upon five (5) days’ oral or written notice to Eos Holdings.

As a condition to the sale of the Note, the purchase agreement requires that Eos Holdings exercise certain common stock purchase warrants having a total exercise price of not less than $175,000, at a per share exercise price of $.58. On October 17, 2008, Eos Holdings purchased the Note and exercised the warrants.

Payment of the Company’s obligations of the Note were initially secured by a pledge of and conversion right with respect to 959,000 shares (the “Pledged Shares”) of the Company’s common stock owned by Jianhua Wu, the Company’s chief executive officer and principal beneficial owner of common stock. The pledge and conversion right enables Eos Holdings to convert any or all of the principal amount of the Note into Pledged Shares at any time or from time to time until the Note shall be paid in full or until Eos Holdings shall have exercised the conversion right in full, at an initial conversion price of $.60 per share (the “Conversion Price”). The number of Pledged Shares to be delivered shall be determined by dividing the principal amount of the Note being converted by the Conversion Price, with any fractional shares to be rounded to the nearest whole share. The Pledged Shares shall be held in escrow.

On October 23, 2008, pursuant to a restated pledge and conversion right agreement, the number of Pledged Shares was increased to 1,437,500 shares of common stock and the Conversion Price was reduced to $0.40 per share.

In connection with the issuance of the Note, on October 17, 2008, the Company entered into a consulting agreement with Eos Asia Investments Ltd., an affiliate of Eos Holdings, for the provision of consulting services. Pursuant to the consulting agreement, the Company shall pay consulting fees at a rate of $31,662.50 per month until the Company repays the Note in full or until Eos Holdings LLC exercises its right to receive the Pledged Shares.

Assuming the Note is paid on the maturity date of April 20, 2009, the total payments made by the Company as interest on the Note and as consulting fees under the consulting agreement would total $240,000.

Item 3.02. Unregistered Sales of Equity Securities.

During the period from October 23, 2008 through the date of this filing, the Company entered into subscription agreements with certain investors for the private placement of an aggregate of 3,125,000 shares of the Company’s common stock, at a purchase price of $0.40 per share, for an aggregate purchase price of $1,250,000, which the Company had received as of October 27, 2008. The issuance of these securities was exempt from registration under Section 4(2) of the Securities Act. Each of the investors is either (a) an “accredited investor” as defined in Rule 501 of Securities and Exchange Commission under the Securities Act, or (b) not a “U.S. person” as that term is defined in Rule 902(k) of Regulation S under the Act, and that such investor was acquiring our common stock, for investment purposes for their own respective accounts and not as nominees or agents, and not with a view to the resale or distribution thereof, and that each Investor understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.

Certain of the investors had previously signed subscription agreements for the purchase of shares at a price of $0.60 per share. These investors signed a restated subscription agreement that reflected the $0.40 per share purchase price.

The following table sets forth information as to the investors, the number of shares purchased and the purchase price paid by the investors.

Investor	Shares Purchased		Purchase Price
Barron Partners LP		1,287,500	$	515,000
Strauss Asset Management		1,250,000		500,000
Ancora Greater China Fund LP		250,000		100,000
Eos Holdings LLC		250,000		100,000
Western Global LLC		87,500		35,000
Total		3,125,000	$	1,250,000

The Company may sell an additional 1,250,000 shares of common stock on the same terms and conditions.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

	4.1	17.4% Subordinated Note, dated October 17, 2008.*
	99.1	Purchase Agreement, dated October 17, 2008, by and between China Wind Systems, Inc. and Eos Holdings LLC.*
	99.2	Consulting Agreement, dated October 17, 2008, by and between China Wind Systems, Inc. and Eos Asia Investments Ltd.*
	99.3	Pledge and Conversion Right Agreement, dated October 17, 2008, by and between Jianhua Wu and Eos Holdings LLC.*
	99.4	Form of Subscription Agreement, dated October __, 2008 for the sale of shares of common stock.*
	99.5	Restated pledge and conversion right agreement dated as of October 23, 2008, by and between Jianhua Wu and Eos Holdings LLC**
	99.6	Form of amended and restated subscription agreement**

* Previously filed

** Filed herewith

SIGNATURE

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: October 27, 2008	China Wind Systems, Inc.

	By:	/s/ Adam Wasserman
		Adam Wasserman Chief Financial Officer