公告日期：2025-11-14

Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2025-124
Hangzhou Turbine Power Group Co., Ltd.

Announcement on the Implementation 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. The Company's stock (Stock code: 200771) hasbeen continuouslysuspended from trading starting November
5, 2025. Afterwards, HTC stock enter the stages of cash option distribution, exercise declaration, and exercise
settlement, and will no longer be traded.Upon completion of the cash option implementation, the Company
will apply to the Shenzhen Stock Exchange for the termination of its listing. The shares held by the Company's
shareholders will be converted into Hirisun shares upon implementation of the share swap and will be listed
and traded on the Shenzhen Stock Exchange.

2.The Company has distributed the cash options to the dissenting shareholders registered after the close of the
last trading day for the cash options. Atotal of 33,079,662 cash options will be distributed this time.

3.Eligible dissenting shareholders who have received the cash option may exercise it for all or part of their
shares of the Company at a price of HKD 7.54 per share during the exercise hours (From November 19,2025 to
November 25, 2025 on trading days )from 9:30 to 11:30 in the morning and 13:00 to 15:00 in the afternoon on
the exercise da……
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