公告日期：2025-11-13

Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2025-123
Hangzhou Turbine Power Group Co., Ltd.

Announcement on the Distribution of

Cash Option in Relation to the Share Swap Merger of The Company by Hangzhou Hirisun
Technology Incorporated.

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 in this announcement.

Special Reminder: As the current trading price of the Company's shares is higher than the cash option
exercise price, exercising the cash option may result in losses for investors. Investors are advised to

exercise caution in their decision-making.

Important Notes:

1. This share swap merger plan has been considered and approved by Hangzhou Steam Turbine Co., Ltd.
(hereinafter referred to as HTC) at its Second temporary General Meeting of Shareholders in 2025 convened
on June 6, 2025, and received the approval for registration (CSRC Approval [2025] No. 2141) from the China
Securities Regulatory Commission in September 2025.

2. To fully protect the interests of all shareholders of HTC, this share swap merger will provide a cash option to
the dissenting shareholders of HTC, with Hangzhou Capital acting as the provider of the cash option for this
transaction. All dissenting shareholders of HTC registered with CSDC Shenzhen Branch as of the cash option
record date may exercise such option for all or part of their shareholdings in HTC during the specified cash
option exercise period in accordance with the provisions of this announcement. If the dissenting shareholders

fail to submit, or submit an invalid, exercise request during the cash option exercise period, their shareholdings
in HTC will be mandatorily converted into Hirisun shares.

3. The Company's stock (Stock code: 200771) wa……
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