杭汽轮Ｂ：关于重大事项进展情况公告（英文版）_股票频道

Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2016-42

Announcement on the progress of major Events of Hangzhou Steam

Turbine Co., Ltd

The members of the Board and the Company 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.

As the company’s controlling shareholder- Hangzhou Steam Turbine Power Group Co.,Ltd.

(“Steam turbine Group”)planned to conduct the mixed ownership reform, the company had

conducted the continuous trading suspension of its shares since May 29, 2015. According to the

Resolution of Postponing the Resuming of Share Trading examined and adopted in the 2015 first

provisional general meeting, and by the company’s application submitted to Shenzhen Stock

Exchange, the company’s share trading shall be resumed on the morning of the day of March 4,

2016.Refer to the Announcement on the progress of major Events and Resumption

（Announcement No.2016-11）.

I. Statement On Progress of Major Issues

On March 30, 2016, the Company received the written letter from Turbine Group on the Progress

of Planning Significant Matters. the mixed ownership reform of Turbine Group has been paused,

According to this letter, Due to the following works not being completed up to now：of which the

main reason was the following works which haven’t been completed within the valid period of

asset appraisal report: (1) Choice of Intentional Strategy Investors ; (2) Scheme of

Staffing， then by the estimate according to the relevant stipulated procedures, the subsequent ite

ms of the mixed ownership reform are hardly to be completed during the effective period of the re

porting period.

In view of the mixed ownership reform of state-owned enterprises, which is with intensified policy,

complicated operation and wide involvement, the Company’s board of directors expressed

comprehension to the current pause of the mixed ownership reform of Steam Turbine Group.

II．Influence of the major event

“Mixed Ownership Reform”of Steam Turbine Group has been paused, which will not constitute

significant impacts to the Company’s normal production and operation activities.

III．Hint of the uncertainties and relevant risks of the major event

The mixed ownership reform conducted by the Steam Turbine Group has a large extent of

uncertainty, hereby, please be aware of the investment risks.

This announcement is hereby made.

The Board of Directors of Hangzhou Steam Turbine Co., Ltd.

April 1, 2016