ZHONGSHAN, China, May 2, 2016 /PRNewswire/ -- China Ming Yang Wind
Power Group Limited (NYSE: MY) ("Ming
Yang" or the "Company"), a leading wind energy solution
provider in China, today announced
that it filed its annual report on Form 20-F for the fiscal year
ended December 31, 2015 (the "2015
Annual Report") with the Securities and Exchange Commission ("SEC")
on May 2, 2016. The annual report can
be accessed on the Company's investor relations website at
http://ir.mywind.com.cn as well as the SEC's website at
http://www.sec.gov. The Company will provide a hard copy of
the annual report free of charge to its shareholders and ADS
holders upon request.
As disclosed in the earnings release dated April 18, 2016, the Company was in the process to
finalize the impairment of EPC projects and purchase price
allocation of RENergy acquisition. After finalization of the above
matters, the Company adjusted downwards the total comprehensive
income for the year ended December 31,
2015 to RMB256.7 million
(US$39.6 million), compared to
RMB298.6 million in its previous
earnings release. Please refer to the Company's filed 2015 Annual
Report for more details of the impairment of EPC projects and
purchase price allocation of RENergy acquisition.
About China Ming Yang Wind Power Group Limited
China Ming Yang Wind Power Group Limited (NYSE: MY) is a leading
wind energy solution provider in China, focusing on designing, manufacturing,
selling and servicing megawatt-class wind turbines, including
cutting-edge SCD (Super Compact Drive) solutions, and providing
post-sales value-added maintenance and technology upgrade services
to wind farm owners. 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 in 2015.
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.
For further information, please visit the Company's website:
ir.mywind.com.cn.
For investor and media inquiries, please contact:
Investor and Media Contact:
China Ming Yang Wind Power Group Limited
Chao Zhang
+86-760-2813-8677
ir@mywind.com.cn
http://ir.mywind.com.cn
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SOURCE China Ming Yang Wind Power Group Limited