China Wind Systems Receives $6.5 million Contract

China Wind Systems, Inc. (Nasdaq:

) today announced that the Company received another contract to supply forged rolled rings to Luoyang Xin Qiang Lian Bearing Co., Ltd., a wind power component producer. Pursuant to the contract, China Wind Systems will supply 3578.2 tons of forged rolled rings to Xin Qiang Lian by March 31, 2011 at a selling price of RMB12,000 ($1,806) per ton. The total sales price is RMB 42.9 million ($6.5 million).