Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2020-44
Hangzhou Steam Turbine Co., Ltd.
Announcement on the progress of the implementation of share repurchase
The members of the Board and the Company acknowledge being responsible for thetruthfulness, accuracy, and completeness of the announcement. Not any false record, misleading
statement or significant omission carried in this announcement.
Hangzhou SteamTurbineCo.,Ltd.heldthesecondProvisionalshareholders'generalmeetingof
2019 onDecember10,2019,inwhichthe"ProposalonthesharerepurchaseoftheCompany’s
Shares" wasreviewedandapproved.
Accordingto therelevantprovisionsoftheImplementationRulesoftheShenzhenStock
Exchange onthesharerepurchasebyListedCompanies,Duringtheimplementationofthe
repurchase,thecompanyshalldisclosetheprogressoftherepurchaseasoftheendoflastmonth
within the firstthreetradingdaysofeachmonth.Theprogressofthecompany'ssharerepurchase
is announcedasfollows:
As of July 31,2020, The Company brought back the 12,489,446 Company's shares for thefirst time through a special securities trading account for shares repurchase, and those sharesaccount for about 1.66% of the Company's total share capital, with the highest transaction price is8.52 HKD / share and the lowest transaction price is 7.22HKD / share and the total transaction
amount is 99,687,219.93HKD.
The company'srepurchaseisincompliancewiththeestablishedrepurchaseplandisclosed
by thecompanyandinaccordancewiththe"ImplementationRulesfortheRepurchaseofShares
by ListedCompaniesontheShenzhenStockExchange".
The Company will continue to implement this repurchase plan during the repurchase
implementation period according to market conditions, and will promptly perform its information
disclosure obligations in accordance with the relevant laws, regulations and regulatory documents.
Hereby, Investors are kindly requested to pay attention to investment risks.
This announcement is hereby made.The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
August 5, 2020
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