To date, Guangxi Galaxy Ai Judith Million Wind Power Group Co., Ltd., a subsidiary of the company, has completed the construction of all of its workshops located in Beihai. Approximately 6,700 sq. meters of workshops, 15,000 sq. meters of external storage area and 1,500 sq. meters of warehouse space can now be utilized.

Galaxy Wind Power has signed a contract with certain strategic investors, including German AG, following which, related accessories have been delivered. Cabin covers and compound material accessory samples has been produced in Beihai, and a full scale production can be expected. Galaxy Wind Power has acquired a production certificate from the Beihai Power Supply Bureau.

In order to ensure dependable, high quality wind power generator samples, the company has been negotiating with suppliers of major accessories to improve and test the inverter, permanent magnet motor and main bearing, which has led to the late delivery of major accessories, and further, resulting in an inability to assemble the sample machines on time.

Board of Directors
09 Oct 2008


Source: Shanghai Stock Exchange

Date: 09 Oct 2008

CN01/CW/SW/BT/KM