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Stock Code:20077 Stock ID: Hangqilun B Announcement No. 2016-19

Hangzhou Steam Turbine Co., Ltd.

Resolutions of the 14th Meeting of the 6th Supervisory Committee

The members of the Supervisory Committee acknowledge being responsible for the truthfulness,

accuracy, and completeness of the announcement. Not any false record, misleading statement or

significant omission carried in this announcement.

The 14th meeting of the 6th supervisory Committee of Hangzhou Steam Turbine Co., Ltd.

was called on March 7, 2016, and held in the morning of March 17, 2016 in the 4th meeting room

of the reception center. All of the 5 supervisors presented the meeting. The supervisors examined

and voted on the proposals at the meeting. Mr. Yu Changquan, secretary of the Board, observed

the meeting. The meeting procedures are legal and complying with the Company Law and Articles

of Association.

The meeting was hosted by Chief Supervisory Mr. Li Shijie.

The following proposals were examined at the meeting and passed by open ballot.

1.Work Report of the Supervisory Committee 2015

5 votes in favor, 0 objective, 0 waived; The proposal was passed.

The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen

Stock Exchange dated March 19, 2016. (Announcement No. 2016-39).

This report is subject to approval of the Shareholders¡¯ Meeting 2015.

II. Annual Report 2015 and Summary

5 votes in favor, 0 objective, 0 waived; The proposal was passed.

Upon inspection, the Committee deems that the producing and examination procedures of the

Annual Report 2015 were legal and complying with the requirements of the CSRC. The Report is

reflecting the financial position and business performance of the Company in the year frankly and

completely. There is no false record, misleading statement, or material omission in the report.

III. Financial Report 2015

5 votes in favor, 0 objective, 0 waived; The proposal was passed.

IV. Dividend Plan 2015

5 votes in favor, 0 objective, 0 waived; The proposal was approved.

V. Internal Control Introspection Report 2015

5 votes in favor, 0 objective, 0 waived; The proposal was passed.

The Supervisory Committee deems the Internal Control Introspection Report 2015 as reflecting

the practice of the Company and the effective operation of internal control system.

VI. Report of Related Transactions in 2015 and Projected for Year 2016

5 votes in favor, 0 objective, 0 waived; The proposal was passed.

The Committee verified the related transactions conducted in 2015 and deems: The related 2

transactions was conducted strictly at the prices set out by the relative agreement approved by the

Shareholders¡¯ Meeting, and complying with the related regulations and legal procedures. Pricing

of the related transactions was on fair and reasonable basis without illegal operation, and no

harming on the interests of the Company or the shareholder, especially the mid-small

shareholders.

VII. The Proposal of electing candidates for the 7th term of supervisory Committee

The Proposal was examined and adopted by voting£º

Mr.Li Shijie was nominated candidate of the 7th term of Supervisory Committee with 5 votes in

favor, 0 vote objection, and 0 vote waiving;

Mr Wang Xiaohui was nominated candidate of the 7th term of Supervisory Committee with 5 votes

in favor, 0 vote objection, and 0 vote waiving;

Mr.Zhang Yougen was nominated candidate of the 7th term of Supervisory Committee with 5 votes

in favor, 0 vote objection, and 0 vote waiving;

Resumes of the above candidates are attached hereinafter.

This report is subject to approval of the Shareholders¡¯ Meeting 2015.

VIII. The Proposal of the provision for impairment of assets of year for year 2015

The proposal was adopted with 5 votes in favor, 0 objection and 0 waive;

The board of supervision considered that the company has carried out the provision for

impairment of assets of year 2015 by conforming to the Accounting Standards for Enterprises and

relevant regulations, which conformed to the Company¡¯s real situation and more fairly reflected

the Company¡¯s financial and asset situation. On account of the lawful and compliant examination

procedure of this matter, The provision for impairment of assets was agreed.

IX. The Proposal of 2015 Annual Write-offs Asset of the Company

The proposal was adopted with 5 votes in favor, 0 objection and 0 waive;

The board of supervision considered that the Company this write-offs asset complied with

Accounting Standards for Business Enterprises and management system on the Company¡¯s

write-offs asset, which truly reflected the Company¡¯s financial condition, where the write-offs

basis is sufficient and which won¡¯t involve with the Company¡¯s relate party. Therefore,the

Company¡¯s board of supervision agreed on this write-offs asset.

The Supervisory Committee of Hangzhou Steam Turbine Co., Ltd.

March 17, 2016

Attachment: Resumes of the candidates for the 6th term of Supervisory Committee Attachment:

Mr. Li Shijie, born in July 1969, CCP member, university graduate, certified senior engineer.

Started working in July 1991. head of supplying department of the Company, general manager and

chief secretary of CCP committee of Hangzhou Steam Turbine Auxiliary Machinery Co., Ltd.

Currently he¡¯s the vice chief secretary of CCP committee and chief secretary of discipline

committee of Hangzhou Steam Turbine Power Group Co., Ltd. Currently he¡¯s the Chairman of the

6th term of Supervisory Committee.

Mr. Li Shijie is not holding the Company¡¯s shares; never under any punishment of any authorities

including CSSRC. He is qualified for the job according to the Company Law and all related laws

and regulations.

Mr. Wang Xiaohui, born in December 1967, CCP member, university degree, certified senior

accountant, certified taxation accountant, certified internal auditor. External Chief Finance Officer

of Hangzhou State-owned Property; Chief Accountant and Director of Accounting Dept. of

Hangzhou Dongfeng Shipyard Co., Ltd. Currently he¡¯s the vice director of Accounting Dept. of

Hangzhou Steam Turbine Power Group Co., Ltd. Currently he¡¯s the supervisor of the 6th term of

Supervisory Committee.

He Holding 61,156 shares of the company's shares ,never under any punishment of any authorities

including CSSRC. He is qualified for the job according to the Company Law and all related laws

and regulations.

Mr. Zhang Yougen, born in July 1957, CCP member, university graduate, senior political

profession. Vice secretary of Discipline Committee of the Company, office manager of the Party

Office, supervisor of the 1st, 2nd, 3rd, 4th, and 5th term of Supervisory Committee. Currently he¡¯s

the supervisor of the 6th term of Supervisory Committee.

Mr.Zhang has not any relationship with any of the Company, the holding shareholders, or the

substaintial holder of the Company. He is not holding the Company¡¯s shares; has never been under

any punishment of any authorities including CSSRC. He is qualified for the job according to the

Company Law and all related laws and regulations.

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