Attached files
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8-K - SHARING ECONOMY INTERNATIONAL INC. | v208811_8k.htm |
EX-99.1 - SHARING ECONOMY INTERNATIONAL INC. | v208811_ex99-1.htm |
EX-99.2 - SHARING ECONOMY INTERNATIONAL INC. | v208811_ex99-2.htm |
Exhibit
99.3
Chief
Financial Officer Fernando Liu Invests $125,000 in China Wind
Systems
Press Release Source: China
Wind Systems, Inc. On Monday January 24, 2011, 9:00 am
WUXI,
China, Jan. 24, 2011 -- China Wind Systems, Inc. (Nasdaq:CWS - News), ("China Wind
Systems" or the "Company"), a leading supplier of forged products and industrial
equipment to the wind power and other industries in China, today announced that
the Company sold 35,014 shares of its common stock to Fernando Liu, its
newly-elected Chief Financial Officer, at $3.57 per share for a total purchase
price of $125,000. The purchase price per share represents the market price on
January 18, 2011, the date the Company and Mr. Liu agreed upon the purchase by
Mr. Liu. The transaction was approved by the Company's audit committee and board
of directors on January 18, 2011. Under the audit committee charter, audit
committee approval is required for transactions between the Company and related
parties.
Mr. Liu
stated, "I have made this investment in China Wind Systems to reflect my
confidence in the Company and my belief that China Wind Systems is well
positioned for sustainable long-term growth and profitability in the renewable
energy industry."
About
China Wind Systems, Inc.
China
Wind Systems, Inc. is a profitable, rapidly growing supplier of precision forged
components primarily to the wind industry in China - the world's leading
wind-power market. The Company also supplies forged and other components and
fabricated products to other industries. For more information on the Company,
visit http://www.chinawindsystems.com.
Information on the Company's Web site or any other Web site does not constitute
a portion of this release.
Safe
Harbor Statement
This release contains certain
"forward-looking statements" relating to the business
of the Company and its subsidiary and affiliated companies. These forward
looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions. Such forward
looking statements involve known and unknown risks and uncertainties that may
cause actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of the date of
this press release. The Company's actual results could differ materially from
those anticipated in these forward-looking statements as a result of a variety
of factors, including those discussed in the Company's periodic reports that are
filed with the Securities and Exchange Commission and available on its website
(www.sec.gov). All forward-looking statements
attributable to the Company or to persons acting on its behalf are expressly
qualified in their entirety by these factors other than as required under the
securities laws. The Company does not assume a duty to update these
forward-looking statements.
For
more information, please contact:
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Company
Contact:
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Investor
Relations Contact:
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Mr.
Fernando Liu
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Mr.
Athan Dounis
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Chief
Financial Officer
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China
Wind Systems, Inc.
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CCG
Investor Relations
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Tel:
+ 86-13761347367
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Tel:
+1-646-213-1916
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Email:
fol@chinawindsystems.com
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Email:
athan.dounis@ccgir.com
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Web:
www.chinawindsystems.com
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Web:
www.ccgirasia.com
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