公告日期：2025-04-23

Stock Code: 200771 Stock ID: Hangqilun B Announcement No.: 2025-49

Hangzhou Turbine Power Group Co., Ltd.

Announcementon theApproval bytheState-Owned Assets Supervision and
Administration Commission of the People’s Governmentof Zhejiang Province

Namelythe Progress of theMajorAssetRestructuring

The members of the Board and the Company acknowledge being responsible for the

truthfulness, accuracy, and completeness of the announcement. There are no false records,

misleading statements, or significant omissions carried in this announcement.

I. Basic information of the transaction

Hangzhou Turbine Power Group Co., Ltd. (hereinafter referred to as "Hangzhou Turbine" or the
"Company") and Hangzhou Hirisun Technology Incorporated (hereinafter referred to as "Hirisun")
are planning to merge Hangzhou Turbine by Hirisun by way of issuingAshares to all shareholders
of Hangzhou Turbine(hereinafter referred to as the "Transaction"). This transaction constitutes a
major asset restructuring as stipulated in theAdministrative Measures for the MajorAsset

Restructuring of Listed Companies, and also constitutes a related party transaction of the

Company, and is expected to constitute a restructuring and listing.After the completion of this

transaction, Hangzhou Turbine will terminate its listing and cancel its legal personality, and

Hirisun will inherit and undertake all assets, liabilities, business, personnel, contracts and all other
rights and obligations of Hangzhou Turbine . TheA-shares issued by Hirisun for the transaction
will apply for listing and circulation on the GEM of the Shenzhen Stock Exchange.

II. Historical disclosure of the transaction

After applying to the Shenzhen Stock Exchange, the Company's shares（Stock ID:
Hangqilun B， Stock Code: 200771）have been suspended from the opening of the market on
October 28, 2024 (Monday). For details, please refer to the Company's announcement on the
planning of major asset rest……
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