MY Enters Financing Framework Agreement for Renewable Energy Projects with Reliance Power and China Development Bank

China Ming Yang Wind Power Group Limited ("Ming Yang" or the "Company")

, a leading wind turbine manufacturer in China, today announced that Guangdong Mingyang Wind Power Industry Group Limited ("Guangdong Mingyang"), a subsidiary of Ming Yang, has entered into a financing framework agreement (the "Framework Agreement") with Reliance Power Limited ("Reliance Power"), the largest private sector power company in India, both in capacity under development as well as market capitalization, and China Development Bank Corporation ("CDB"), a government policy bank wholly owned by China's central government, under which CDB is expected to act as the coordinating bank and lead potential lender for renewable energy projects in India to be jointly developed by Ming Yang and Reliance Power. On July 2, 2012, Ming Yang announced that it has signed a Memorandum of Understanding ("MOU") with Reliance Power to co-develop up to 2,500MW renewable energy projects in India within three years. Under the MOU, Ming Yang is expected to provide total engineering, procurement and construction solutions for the projects and Reliance Power is expected to play a supporting role in facilitating the projects in addition to providing local market support. Under the