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| Investment in the Wind Energy Industry |
| Established as a Sino-foreign co-operative joint venture in 2001, Huiteng Windpower Equipment is China's largest manufacturer of wind turbine blades. Its share of the wind power capacity installed in 2006 was 49%, bringing its share of the cumulative capacity installed at the end of the year to 35% in China.
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| We are currently one of the shareholders of the foreign JV partner of Huiteng Windpower Equipment. We add value by helping to diversify its customer base and by exploring overseas markets. In addition, we used our expertise to assist Huiteng Windpower Equipment in tailoring an effective management incentive plan and preparing for an IPO.
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| ¡°As director, Jeff Yao has shown HT Blade his full support by assisting in the exploration of overseas markets and the diversification of our client base. Additionally, Jeff spearheaded
the establishment of our management incentive plan as well as initiated our corporate restructuring into a limited company by shares. The positive impact Jeff has made on our state-owned holding company in a short period of time has been tremendous.¡±
-Mr. Ziguo Zhang, General Manager of HT Blade |
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