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    Stock Code: 200771 Stock ID: Hangqilun B Announcement No. :2020-67
    
    Hangzhou Steam Turbine Co., Ltd.
    
    Notice of Correction on Announcement on the progress of the implementation of
    
    share repurchase
    
    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.
    
    Due to the staff¡¯s mistake, ¡°the number of shares repurchased by the Company as of October31, 2020 through a centralized bidding transaction through a special securities account for stock repurchase¡± had a statistical error which was in the "Announcement on the Implementation Progressof Share Repurchase" disclosed on November 3, 2020 by Hangzhou Steam Turbine Co., Ltd. Therefore, the relevant content is now corrected as follows:
    
    Before correction: As of October 31,2020,The Company brought back the17,793,620Company's shares for the first time through a special securities trading account for sharesrepurchase, and those shares account for about 2.36% of the Company's total share capital, withthe highest transaction price is 9.17 HKD / share and the lowest transaction price is 7.22HKD /share and the total transaction amount is 141,044,964.7HKD.
    
    After correction: As of October 31,2020,The Company brought back the17,366,369Company's shares for the first time through a special securities trading account for sharesrepurchase, and those shares account for about 2.30% of the Company's total share capital, withthe highest transaction price is 9.17 HKD / share and the lowest transaction price is 7.22HKD /share and the total transaction amount is 141,044,964.7HKD.
    
    Except for the above correction, other contents of the "Announcement on the ImplementationProgress of Share Repurchase" remain unchanged. The company sincerely apologizes for the inconvenience caused to investors by the above correction.
    
    This announcement is hereby made.
    
    The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
    
    November 4,2020

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