A-Power Extends Redemption Date of Warrants

  
    
  
  
    
      A-Power Energy Generation Systems (NASDAQ:APWR) (NASDAQ:APWRW) 
      ("A-Power"), today announced that in order to accommodate 
      requests received from brokers who had trouble with the exercise, it 
      will extend the final redemption date for its common stock purchase 
      warrants to March 31, 2008 from March 24, 2008. After the final 
      redemption date, holders of warrants who have not exercised them will be 
      paid $0.01 per warrant, and the warrant will be extinguished.
    
    
      The common stock purchase warrants were originally issued by Chardan 
      South China Acquisition Corp. in August 2005. As a result of the merger 
      of Chardan South and A-Power, the warrants are now exercisable into 
      common shares of A-Power.
    
    
      Prior to the final redemption date, holders of the warrants may exercise 
      them for common shares if the warrants, together with payment in full of 
      $5.00 per warrant, are received by A-Power’s 
      stock transfer agent, Continental Stock Transfer and Trust Company, 17 
      Battery Place, New York, New York 10004, [phone].
    
    
      About A-Power
    
    
      A-Power Energy Generation Systems, Ltd., formerly Chardan South China 
      Acquisition Corp., through its PRC operating subsidiary, Liaoning GaoKe 
      Energy Group Co., Ltd., is the largest provider of distributed power 
      generation systems in China and will enter into China’s 
      wind energy market in 2008. The Company is also focused on developing 
      and commercializing additional renewable energy technologies and has 
      strategic relationships with both Tsinghua University and the China 
      Sciences Academy in Guangzhou.