(2 March 2011 – Beijing, China) Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind” or the "Group"; SZ Stock Code: 002202, HK Stock Code: 2208), a leading manufacturer of wind turbine generators and provider of complete wind power solutions in China, is pleased to announce that Goldwind has been selected as an H-share constituent of Hang Seng Composite Index (“HSCI”), effective 7 March 2011.
The Hang Seng Composite Index Series ("HSCI Series") includes Hang Seng Composite Index, Hang Seng Composite Index (Consumer Goods) and Hang Seng Composite SmallCap Index. According to the index review by Hang Seng Indexes Company Limited, there are 371 constituents in the Composite Index after constituent changes. The average market value coverage ratio for the 12 months ended 31 December 2010 was 90.05%.
Commenting on the selection, Mr. Wu Gang, Chairman, Chief Executive Officer and Executive Director of the Group, said, “HSCI is an important benchmark index in the global capital market which numerous sizable funds and investment portfolios refer to. We are motivated and proud of being one of the constituent stocks of the Hang Seng Index, and I would like to extend my sincere gratitude to investors and the community for their long-standing support for us. Subsequent to the Company’s inclusion as a constituent stock of the Hang Seng Index, we will continue to enhance the transparency of corporate governance and strive for better performance, generating the best possible returns for our shareholders.”
The principal criteria for choosing a constituent by Hang Seng Indexes Company Limited are market capitalization and turnover velocity. The selection of Goldwind as a constituent of the HSCI indicates that both its market capitalization and turnover velocity are widely recognized. H-shares of Goldwind have also been included as constituents of FTSE All-World Index, FTSE All-Emerging Index and FTSE China (HK Listed) Index since October 2010.