-----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, Sxa09egMw7RTcYlZgxBbjdTau7W1v2YsTWtYZ++gcXSB5vUvL0q1Rw5u8n3AQOxr Jaxyj/qoFGqPRv+R+NuQVA== 0001144204-09-021851.txt : 20090422 0001144204-09-021851.hdr.sgml : 20090422 20090422160840 ACCESSION NUMBER: 0001144204-09-021851 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090422 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090422 DATE AS OF CHANGE: 20090422 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: 09763979 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 v146911_8k.htm Unassociated Document
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):   April 22, 2009
 

 
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):

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 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 April 22, 2009, China Wind Systems, Inc., a Delaware corporation (the “Company”), announced the recent coverage by various media outlets of the Company’s wind power business development efforts.  A copy of the press release is being filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference in its 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, 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 April 22, 2009, 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: April 22, 2009
China Wind Systems, Inc.
 
       
 
By:
/s/ Leo Wang
 
   
Leo Wang
 
   
Chief Financial Officer
 
       
 
 
2

 
EX-99.1 2 v146911_ex99-1.htm Unassociated Document
 
Exhibit 99.1
 
 
Company Contact:
 
Investor Relations Contact:
Mr. Leo Wang
 
Mr. Crocker Coulson
Chief Financial Officer
 
President
China Wind Systems, Inc.
 
CCG Investor Relations
Tel: 1-877-224-6696 ext. 705
 
Tel: +1-646-213-1915 (NY Office)
E-mail: leo.wang@chinawindsystems.com
 
E-mail: crocker.coulson@ccgir.com
Website: www.chinawindsystems.com
 
Website: www.ccgirasia.com
 
FOR IMMEDIATE RELEASE

China Wind Systems, Inc. Featured in Reuters, CFO.com, Cleantech Group and New Energy Finance

Wuxi, Jiangsu Province, China April 22, 2008 – China Wind Systems, Inc. (OTC Bulletin Board: CWSI.OB) (“China Wind Systems” or the “Company”), a leading supplier of forged products and industrial equipment to the wind power and other industries in China, announced today that its wind power business development was covered by Reuters, CFO.com, Cleantech Group, and New Energy Finance.

In the interviews with Reuters and Cleantech Group, both published on February 9, 2009, China Wind Systems indicated that it expects gross margin in the forging business to be in the range of 28% to 34% in fiscal year 2009 compared to approximately 22% in fiscal year 2008 as a result of the implementation of the Company’s strategy to phase out its outsourced manufacturing and ramp up production at its newly completed factory. The new factory started production of components of wind turbine gearboxes in February 2009 and has already completed the first deliveries of forged rolled rings to its wind power customers.

Leo Wang, chief financial officer of China Wind Systems, expects that government support for the development of wind energy in China will continue. He does not expect the weak economy and financial crisis to result in a slowdown in demand for wind turbine components in China.

"We haven't noticed any change [neither in the policy of the Chinese government … nor in the] demand for [our] products," Mr. Wang said to Reuters. "All the customers who signed preliminary agreements with us last year … are still standing by those agreements."


China Wind Systems remains optimistic with the demand for its forged products as wind energy business in China continues to grow. In the interview with CFO.com, published on March 3, 2009, Mr. Wang highlighted that the installed wind capacity in China has been growing at an average of 46% over the last 10 years and that he expects this sector to continue to grow.  The Chinese government has announced that it is looking for solutions that reduce the country’s reliance on imported fossil fuels.
 


 
In an interview with New Energy Finance, Mr. Yan Hua, VP Operations of China Wind Systems, also mentioned that the Company faces challenges competing in the wind energy segment. Yet, he is confident that the Company’s experience, expertise and good relationships with its clients will help it achieve the expected growth in the business. The March 2009 issue of New Energy Finance featuring the interview is available on the Company’s Web site at http://www.chinawindsystems.com/download/NEF_MB_20090325_Final.pdf

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 plans to increase 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 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.
 
 
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