1、 Case Introduction

On August 28, 2013, at the request of Australia's A.C.N.009483694 and Keppel Prince Engineering Pty Ltd, the Australian Anti dumping Commission issued Announcement No.2013/68 to initiate an anti-dumping investigation against wind power towers imported from China and South Korea.

The product involved in this investigation is an application level wind power tower, regardless of whether it is tapered, assembled, or equipped with a tower base. Its main purpose is to provide support for wind power equipment with a power generation power of not less than 1 megawatt and a height from the tower base to the engine compartment of not less than 50 meters. The dumping investigation period in this case is from January 1, 2012 to June 30, 2013, and the injury investigation period is from January 1, 2008 to June 30, 2013.

On April 16, 2014, the Australian Anti dumping Commission made a final anti-dumping decision on application grade wind power towers originating in China. Among them, the tax rates for Chinese enterprises are as follows: Shanghai Taisheng Wind Energy Equipment Co., Ltd. has an anti-dumping duty of 15.0%, while other Chinese enterprises have an anti-dumping duty of 15.6%.

2、 Case impact

Since 2005, Australian wind farms have begun to develop rapidly.

Before 2010, some of the company's wind tower products were sold to Australia, but in recent years, no products have been exported to Australia. In recent years, with the development of the Australian wind power industry, the Australian wind power market has gradually become a new focus of the global wind power industry. Domestic companies such as Goldwind Technology, Datang, and Taisheng Wind Energy have all undertaken Australian wind power projects.

Vestas, the company's long-term strategic partner, also has plans to undertake Australian wind power projects. Due to the existence of anti-dumping tax rates, the company's product exports are greatly affected in terms of cost advantages.

3、 Corporate response measures

Since August 2013, when the company learned that Australia has launched anti-dumping and countervailing investigations against wind power towers imported from China and South Korea, the company has actively organized responses. On the one hand, the company has contacted the Ministry of Commerce and the enterprises involved in the case to respond to the lawsuit, and on the other hand, it has continued to strive to expand its efforts in other markets.

（1） Actively participate in responding to lawsuits

As the world's largest wind tower manufacturing enterprise, although the company is not involved in the Australian anti-dumping investigation period, it still actively participates in the anti-dumping investigation response, and jointly engages professional lawyers with relevant enterprises such as the Ministry of Commerce, Goldwind Technology, Taisheng Wind Energy to respond to the lawsuit.

（2） Market development and achievements

1. Actively "going out"

In 2012, the company established a European wind tower factory in Denmark and successfully acquired all operational assets of Vestas' Verde wind tower factory in Denmark, making important contributions to expanding the European market and enhancing the company's brand image.

In February 2014, Titan Europe, a wholly-owned subsidiary of the company, invested 29.5 million Danish kroner (calculated at the exchange rate of 1.1112 Danish kroner to RMB on February 13, 2014, equivalent to 32.7804 million yuan) with its own funds to acquire all the operational assets of GARDIT A/S and Anpartsselselbet located in Esbjerg, Denmark, for the industrial product surface treatment plant. Since then, the European plant has had a complete tower production process, And turned a loss into a profit in 2014.

2. Develop new customers and expand new markets

The company's wind tower production accounts for a small proportion in the global wind power market. It can reduce the impact of international trade barriers on the company by developing new customers and markets. In recent years, the company has successively developed international top wind tower manufacturers such as Siemens, Hitachi, Alstom, Areva, and also developed emerging markets with rapid growth in South America, Africa, and Southeast Asia.

The company is the largest exporter of wind tower products in China. In 2013, the company's annual wind tower exports were approximately US $110 million, and in 2014, it is expected to achieve exports of US $150 million, with a significant increase in export earnings.

Titan Wind Energy (Suzhou) Co., Ltd

December 2014