Translation of Machinery Transfer Agreement



 Exhibit 4.57 
 Machinery Transfer Agreement 
 Contract No.: MY-FD091230 

Subject: Assignment of computer and low voltage switch cabinet 
 Location: Zhongshan, Guangdong province, P.R.China 
 Date: December 30, 2009 

Party A (Assignor): Zhongshan Mingyang Electrical Appliances Co., Ltd. 
 Address: Daling Administrative District, Torch Industrial Development Zone, Zhongshan, Guangdong Province 
 Postal Code: 528437 
 Bank: Agricultural Bank of China, Zhongshan Torch Development Zone
Sub-brance 
 A/C No.: 44-319101040004287 
 Tel.: 0760-85313262 
 Fax: 0760-85313162 
 Party B (Assignee): Guangdong Mingyang Industry Group Co., Ltd. 
 Address: Wuxing Villgae, Torch
Industrial Development Zone, ZHongshan, Guangdong Province 
 Postal Code: 528437 
 Bank: Agricultural Bank of China, Zhongshan Torch Development Zone Sub-brance 
 A/C No.:
44-319101040008866 
 Tel.: 0760-88587710 
 Fax: 0760-88588313 
 Party A and Party B reached the following agreements regarding the transfer
of assets (computer and low voltage switch cabinet) on the basis of fairness, willingness and mutual benefit. 







 Article 1: Transfer of Assets 

 

											
	 Asset
	  	Model	  	
Beginning time
 of
Use
	  	User	  	Unit	  	Book Value
(RMB)
	 Desktop
Computer
	  	Lenovo Qitian	  	Apr. 1, 2007	  	Li Hong	  	1	  	4,030.00
	 Desktop Computer
	  	Lenovo Qitian	  	Dec. 1, 2006	  	Wang Feng	  	1	  	4,030.00
	
Laptop
	  	Lenovo Xvri 410L	  	Dec. 1, 2006	  	Cao Renjing	  	1	  	8,900.00
	 Laptop
	  	M1210	  	Nov. 30, 2007	  	Wang Jinfa	  	1	  	7,689.60
	
Laptop
	  	XPS M1210	  	De.30, 2007	  	Wen Hong	  	1	  	7,498.53
	 Laptop
	  	Lenovo N220	  	Feb. 22, 2008	  	Wang Jinfa	  	1	  	5,100.00
	
Laptop
	  	Dell R510333	  	Apr. 23, 2008	  	Zheng Liangji	  	1	  	7,497.36
	 Laptop
	  	C466	  	May 27, 2008	  	Zhang Jianguo	  	1	  	5,300.00
	 Sub-total
	  	 	  		  	8	  	50,054.49
	 Low Voltage Switch Cabinet
	  	GGD (self-manufatured)	  	Dec. 31, 2008	  	Testing Lab	  	7	  	251,277.00
	 Low Voltage
Switch Cabinet
	  	GGD (self-manufatured)	  	Dec. 31, 2008	  	Warehouse	  	4	  	158,964.00
	 Low Voltage Switch Cabinet
	  	GGD (self-manufatured)	  	Dec. 31, 2008	  	Manufacturing Facility of Blades	  	6	  	725,008.00
	
Sub-total
	  	 	  	 	  	17	  	1,1351249.00
	
Total
	  	 	  	 	  	 	  	1,185,303.49

 Article 2: Price 
 Upon friendly consultation and according to the remaining use life of assets, the total price for the assets specified herein is RMB ONE MILLION ONE HUNDRED AND TWENTY-EIGHT THOUSAND ONE HUNDRED AND
FOURTY-NINE YUAN ONLY (¥1,128,149.00), of which the prices for the eight computers and seventeen low voltage switch cabinet are ¥32,9000.00 and ¥1,095,249.00, respectively. Detail as per the following table: 

 

													
	 Asset
	  	Model	 	 Beginning time

of Use
	 	User	 	Unit	 	Book Value
(RMB)	 	Transfer
Price
	 Desktop Computer
	  	Lenovo Qitian	 	Apr. 1, 2007	 	Li Hong	 	1	 	4,030.00	 	2,300.00
	 Desktop Computer
	  	Lenovo Qitian	 	Dec. 1, 2006	 	Wang Feng	 	1	 	4,030.00	 	2,00.00
	 Laptop
	  	Lenovo Xvri 410L	 	Dec. 1, 2006	 	Cao Renjing	 	1	 	8,900.00	 	4,400.00
	 Laptop
	  	M1210	 	Nov. 30, 2007	 	Wang Jinfa	 	1	 	7,689.60	 	5,300.00
	 Laptop
	  	XPS M1210	 	De.30, 2007	 	Wen Hong	 	1	 	7,498.53	 	5,200.00
	 Laptop
	  	Lenovo N220	 	Feb. 22, 2008	 	Wang Jinfa	 	1	 	5,100.00	 	3,700.00
	 Laptop
	  	Dell R510333	 	Apr. 23, 2008	 	Zheng Liangji	 	1	 	7,497.36	 	5,800.00
	 Laptop
	  	C466	 	May 27, 2008	 	Zhang Jianguo	 	1	 	5,300.00	 	4,200.00
	
Sub-total
	 		 	 	 	8	 	50,054.49	 	32,900.00
	 Low Voltage Switch Cabinet
	  	GGD (self-manufatured)	 	Dec. 31, 2008	 	Testing Lab	 	7	 	251,277.00	 	241,277.00
	 Low Voltage Switch Cabinet
	  	GGD (self-manufatured)	 	Dec. 31, 2008	 	Warehouse	 	4	 	158,964.00	 	148,964.00
	 Low Voltage Switch Cabinet
	  	GGD (self-manufatured)	 	Dec. 31, 2008	 	Manufacturing Facility of Blades	 	6	 	725,008.00	 	705,008.00
	
Sub-total
	 		 	 	 	17	 	1,1351249.00	 	1,095.249.00
	 Total
	 	 	 	 	 	 	 	1,185,303.49	 	1,128.149.00








 Article 3: Rights and Obligations 

 

	 	1.	Party A and Party B are both aware of the current situation of the aforementioned assets. Party B holds no disagreement. 


 

	 	2.	Party A shall be responsible for the tax expense arisen during the assets transfer. 


 

	 	3.	Party B shall make full payment of the asset transfer specified in this Contract within one week upon inspection and acceptance of the assets specified herein or one
month upon execution of this Contract. 

 Article 4: Miscellaneous 

 

	 	1.	This Contract comes into force upon execution by both parties. This Contract is in quadruplicate, two for each party and with the same legal force.


  

	 	2.	All pending matters not specified in this Contract shall be settled through friendly consultation by the two Parties. 


 

			
	 Party A (seal):




	  	Party B (seal):




		
	Zhongshan Mingyang Electrical Appliance Co., Ltd.	  	Guangdong Mingyang Wind Power Industry Group Co., Ltd.
		
	 Authorized Representative:
	  	Authorized Representative:
		
		  	Date: December 30, 2009