A-Power Receives SEC Subpoena

-Power Energy Generation Systems, Ltd.

today announced that it was notified recently by the staff of the U.S. Securities and Exchange Commission ("SEC") that the SEC has initiated a formal, nonpublic investigation into whether the Company or any of its personnel violated the federal securities laws. On August 17, 2011, the SEC served the Company with a subpoena for documents in connection with its investigation. The Company is committed to cooperating with the SEC. The Company cannot predict the timing or outcome of the investigation. The SEC has informed the Company that the investigation should not be construed as an indication that any violations of law have occurred.