China Wind Systems expects to begin trading on The NASDAQ Global Market under the new stock symbol "CWS" on Tuesday, December 29, 2009, until which time its shares will continue to trade on the Over-The-Counter Bulletin Board.
"We are honored to be approved to list on The NASDAQ Global Market, one of the world’s most prestigious stock markets," said Mr. Jianhua Wu, Chairman and CEO of China Wind Systems, Inc. "We believe this upgrade to be a clear reflection of our commitment to optimizing our corporate governance and shareholder value. As a result, we anticipate that our Company will attain higher visibility and interest from the investor and media communities."
China Wind Systems, Inc. supplies forged rolled rings to the wind energy and other industries and industrial equipment to the textile and energy industries in China. With its newly finished state-of-the-art production facility, the Company is expected soon to significantly increase its shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries.