At the 8th Meeting of the 3rd Board of Directors, held on 21 Jul 2008, the following proposals were examined and approved:

1. to adjust investments in the industrialisation project of MW-class direct-drive permanent magnet wind power generators owned by Inner Mongolia Goldwind Science & Technology Co., Ltd.
According to a previous budget, RMB 400 mln will be invested in the project, of which RMB 337 mln will be derived from previously-raised funds. Following the adjustment, RMB 150 mln will be invested in the project, of which RMB 127 mln will be derived from previously-raised funds.
2. to establish Nanjing Goldwind Science & Technology Co., Ltd. (tentative name) for the Nanjing industrialisation project of the MW-class direct-drive permanent magnet wind power generators.
Following investment in the project mentioned in proposal 1, RMB 115 mln of previously-raised funds will remain, which will be used to invest in the project named in proposal 2.

3. to increase the registered capital of Beijing Goldwind Kechuang Wind Power Equipment Co., Ltd., a wholly-owned subsidiary of the company
Following the capital increase, Beijing Goldwind will be responsible for the 2.5 MW wind power generators design project, which is to be financed with previously-raised funds and was previously owned by the company.

4. to use RMB 200 mln in idle-raised funds to temporarily supplement the company’s working capital
Previously RMB 450 mln in idle-raised funds was used to supplement working capital, which has been reimbursed.

5. the 2008 Semiannual Report
6. to elect Gao Zhong as a member on the board of directors
7. to revise certain items in the Articles of Association
8. a self-inspection report and rectification scheme on corporate governance
9. to retain Wuzhou Certified Public Accountants as the company’s auditor with an audit fee of RMB 500,000 for 2008
10. to guarantee EUR 36.34 mln with a letter of guarantee for Goldwind Windenergy GmbH, a wholly-owned subsidiary of the company, to be used to acquire VENSYS Energy AG and issued by China Construction Bank, through the mortgage of the wind blade production plant located in the Urumqi Economic & Technology Development Zone (with an assessed value of RMB 90.55 mln)
At the 2007 General Meeting of Shareholders, the company was approved to use deposits to provide the above-mentioned letter of guarantee. Currently, the company plans to replace the deposits by mortgaging the above-mentioned plant.

11. to revise rules of information disclosure
12. to hold the company's 1st 2008 Extraordinary General Meeting of Shareholders, at which proposals 1, 2, 3, 4, 6, 7, 9 and 11 must be examined and considered for approval.

Board of Directors
23 Jul 2008


Source: www.cninfo.com.cn

Date: 23 Jul 2008

CN01/FL/MZ/BT/KM