Ming Yang Comments on Recent Trading Activity
ZHONGSHAN, China, Jan. 11, 2013
ZHONGSHAN, China, Jan. 11, 2013 /PRNewswire/ --China Ming Yang Wind Power
Group Limited ("Ming Yang" or the "Company") (NYSE: MY), a leading wind
turbine manufacturer in China, announced today that the New York Stock
Exchange has notified the Company about significant and unusual trading
activity in the Company's American depositary shares on January 10 and
requested the Company to respond by press release to the unusual activity.
Ming Yang wishes to confirm that the management of the Company is unaware of
any specific reason for the recent significant increase in the Company's share
price and trading volume, other than China's recently announced plan to
increase installed wind power capacity by 18GW in 2013, representing an
increase of 29% from 63GW at the end of 2012, as reported in the media. In
particular, there have been no corporate developments or events to support
this significant and unusual trading activity.
Safe Harbor Statement
This press release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "to be,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "goal," "strategy" and similar statements. Such
statements are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult to predict
and many of which are beyond Ming Yang's control, which may cause Ming Yang's
actual results, performance or achievements to differ materially from those in
the forward-looking statements. Actual results or events may differ from those
anticipated or predicted in this press release, and the differences may be
material. Further information regarding these and other risks, uncertainties
or factors is included in Ming Yang's filings with the U.S. Securities and
Exchange Commission. Ming Yang does not undertake any obligation to update any
forward-looking statement as a result of new information, future events or
otherwise, except as required under applicable law.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading and
fast-growing wind turbine manufacturer in China, focusing on designing,
manufacturing, selling and servicing megawatt-class wind turbines. Ming Yang
produces advanced, highly adaptable wind turbines with high energy output and
provides customers with comprehensive post-sales services. Ming Yang
cooperates with aerodyne Energiesysteme, one of the world's leading wind
turbine design firms based in Germany, to co-develop wind turbines. In terms
of newly installed capacity, Ming Yang was a top 10 wind turbine manufacturer
worldwide and the largest non-state owned wind turbine manufacturer in China
For further information, please visit the Company's website: ir.mywind.com.cn.
For investor and media inquiries, please contact:
Investor and Media Contacts:
China Ming Yang Wind Power Group Limited
SOURCE China Ming Yang Wind Power Group Limited
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