APWRU A-Power Energy Generation Sys (MM)

A-Power Energy Generation Systems (NASDAQ:APWR)(NASDAQ:APWRW)(NASDAQ:APWRU) ("A-Power"), today announced that, in preparation for the upcoming redemption of its warrants, it has separated all of its issued and outstanding units, which traded separately from the common stock and public warrants under the symbol APWRU. As a result, each unit has been converted into one share of common stock and two warrants. Until and through the close of business on the upcoming redemption date, each warrant entitles the holder to purchase from A-Power one share of the Company�s common stock at an exercise price of $5.00. 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. 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.