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China Wind Systems, Founded in 1995, China Wind Systems, Inc., (“China Wind Systems,” the “Company”) is in the business of supplying forged components for use in the wind energy industry. Through its affiliates, Huayang Dye Machine and Huayang Electrical Power Equipment, collectively known as the Huayang Companies, the Company manufactures and sells high-precision components to the wind power industry and industrial equipment to the textile and energy industries in China. In first half of 2007, China Wind Systems launched its wind energy business by supplying forged rolled rings to the wind industry. The Company currently supplies rolled rings less than three meters in diameter. The rolled rings are primarily used in the railway, heavy manufacturing, petrochemical, metallurgical, sea port machinery, defense and radar, as well as in the wind power industry. The Company has completed its phase I expansion to manufacture forged products including rolled rings up to 6.3 meters, with a cross section up to 700 millimeters used in 5 megawatts(MW)wind turbine units; gear rims and flanges; and shafts used in 1-3 MW wind turbine units.