China Wind Power Provides Update on Delay in Filing Annual Financial Statements

China Wind Power International Corp. (TSX VENTURE:CNW) ("China Wind Power" or
the "Company") provides its first bi-weekly Default Status Report under National
Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP
12-203"). On July 27 and August 1, 2012, the Company announced (the "Default
Announcement") that the filing of its annual financial statements for the
financial year ended March 31, 2012, management discussion and analysis and
related CEO and CFO certifications would not be completed by the filing deadline
set by Canadian securities laws (the "Required Filings"). 


As a result of the delay in filing, on August 8, 2012, the Ontario Securities
Commission (the "OSC"), the principal regulator of the Company, issued a
management cease trade order ("MCTO"), which imposed restrictions on all trading
in securities of the Company by the Chief Executive Officer and Chief Financial
Officer of the Company until the Company files the Required Filings. All other
parties are permitted to trade the Company's securities. 


The Company is diligently working with its Audit Committee to resolve the issues
set out in the Default Announcement and anticipates that the duration of its
default will continue for approximately two to three weeks. The filing of the
Company's interim financial statements for the three months ended June 30, 2012,
management discussion and analysis and related CEO and CFO certifications could
be delayed beyond the filing deadline of August 29, 2012 if the Required Filings
cannot be completed within this time period. 


The Company reports that since the Default Announcement, there have not been any
material changes to the information contained therein; nor any failure by the
Company to fulfill its intentions as stated therein with respect to satisfying
the provisions of the alternative information guidelines, and there are no
additional defaults or anticipated defaults subsequent to such announcement.
Further, there have been no additional material changes respecting the Company
and its affairs. 


Until the Required Filings are filed, the Company intends to continue to satisfy
the provisions of the Alternative Information Guidelines specified by NP 12-203
by issuing bi-weekly Default Status Reports in the form of news releases. The
Company intends to file, if required, its next Default Status Report on or about
August 27, 2012.


About China Wind Power International Corp. 

China Wind Power International Corp. is an Ontario company that is uniquely
positioned to capitalize on the growing demand for wind power in China. The
Company indirectly holds the exclusive rights for wind energy development in Du
Mon County, Heilongjiang Province, which has a demonstrated potential installed
capacity of 1,150 MW of wind energy developable over an area of 612 square km.
While 1,150 MW represents the Company's long-term potential for wind power in
the area, its current plans are for building out approximately 800 MW over five
development phases. The Company's common shares are listed on the TSX Venture
Exchange under the symbol "CNW". 


Caution Regarding Forward-Looking Statements 

Certain statements that are not historical facts made in this press release may
be forward-looking statements subject to risks and uncertainties. Statements
containing words such as "will", "could", "expect", "may", "anticipate",
"believe", "intend", "estimate", "plan" and other similar expressions are
forward-looking statements that represent management's beliefs at the time the
statements are made and are based on certain factors and assumptions including
the resolution of the financial statement matter; the ability of the Company to
prepare and file its annual and interim financial statements and respective
management's discussion and analysis on a timely basis; the issuance of a
management and insider cease trade order in connection with the anticipated
filing delay by the applicable securities regulatory authorities. These
forward-looking statements are subject to a variety of risks and uncertainties
and other factors that could cause actual events to differ materially from those
projected in forward-looking statements. Important factors that could cause
actual results to differ materially from the Company's expectations including
uncertainties involving the progress of resolving the financial statement
matter; the completion of the Company's filing of its annual and interim
financial statements and respective management's discussion and analysis; the
issuance of a management and insider cease trade order in connection with the
anticipated filing delay by the applicable securities regulatory authorities;
and other risks and uncertainties as more fully described in the Company's in
the information circular dated November 2, 2011, its Management's Discussion and
Analysis for the 2011 fiscal year and the three and nine months ended December
31, 2011 and in the Company's other filings with securities regulatory
authorities, which are available under the Company's profile at www.sedar.com.
Readers are cautioned that the foregoing lists of risks, uncertainties,
assumptions and other actors are not exhaustive; therefore, readers should not
place undue reliance on the forward-looking statements contained herein. Except
as required by applicable securities laws, the Company undertakes no obligation
to update any forward looking statement to reflect events or circumstances after
the date on which such statement is made.