Stock Code: 300277 Stock ID: Hirisun Announcement No.:2026-005
Prompting Announcement on Securities Companies Handling the Opening of
Foreign Exchange Bank Accounts and Related Foreign Exchange Services for
Overseas Investors
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.
Important Note:
This announcement only concerns the original HTC B overseas investors and the custodial
securities companies where the investors hold their accounts.
Hangzhou Hirisun Technology Incorporated.(hereinafter referred to as “Hirisun” or “the
Company”) has obtained the "Approval of Registration for Hangzhou Hirisun Technology
Incorporated to Absorb and Merge Hangzhou Turbine Power Group Co., Ltd. by CSRC" (No.
issuance of A-shares to all the shareholders of Hangzhou Turbine Power Group Co., Ltd.
(hereinafter referred to as “HTC”) in a share exchange for the absorption and merger of HTC.
According to the "Guidelines for Investors on the Conversion of A and B Share Securities
Accounts and Related Transactions in the Issuance of A Shares to Absorb and Merge Hangzhou
Turbine Power Group Co., Ltd. by Hangzhou Hirisun Technology Incorporated." disclosed by
HTC on December 20, 2025 (Announcement No.: 2025-136), after this share exchange is
completed, for the original B-share overseas investors of HTC, the proceeds in RMB from
selling Hirisun A-shares or receiving dividends from Hirisun A-shares shall be uniformly
converted into Hong Kong dollars in accordance with relevant regulations and requirements,
and the securities company shall, through the currency exchange bank, finally convert them
into Hong Kong dollars for settlement.
To facilitate overseas investors to handle foreign exchange purchase-related business through
their custodian securities companies, the Industrial and Commercial Bank of China (ICBC), as a
cooperating bank, will, under the premise of complying with Chinese laws, regulations, and
relevant foreign exchange rules and requirements, assist overseas investors and custodian
securities companies in fund foreign exchange purchases and remittance operations, as well as
handle applications, inquiries, communications, and other tasks related to foreign exchange
services. This relevant foreign exchange purchase business has been approved by the competent
authorities. The custodian securities companies where the overseas investors hold their accounts
are requested to promptly contact the ICBC branches at the locations of their headquarters or
offices to handle account opening and related matters. To ensure smooth business operations, it is
recommended that the branch for handling the business be one of ICBC’s branch used cooperated
with the securities company that has previously handled foreign exchange payment and receipt
services for overseas investors. If no prior cooperation has been established or if relevant
cooperation has been transferred, the branch will be designated by ICBC. The contact information
for ICBC Hangzhou Branch is provided in Attachment 1.
According to the information provided by the Industrial and Commercial Bank of China, the
simplified operation plan for foreign investors obtaining future dividends from A shares after
exchanging shares, as well as the foreign exchange, transfer, and other procedures for funds
obtained from selling shares in RMB, is as follows:
For the original foreign investors of HTC, the RMB funds obtained from selling shares or from
dividends of Hirisun A-shares will be exchanged on their behalf by the respective securities
companies and ultimately settled in Hong Kong dollars. Each securities company will open a
dedicated RMB deposit account and sign related agreements with the cooperating bank for this
account transfer for foreign exchange purchases(Industrial and Commercial Bank of China). Every
trading day, ICBC will assist in converting the RMB funds into Hong Kong dollars based on the
purchase requests submitted by each securities company, and the securities companies will
ultimately transfer the Hong Kong dollar funds to the investors.
If overseas investors have questions regarding foreign exchange purchases and fund transfers,
they can consult the securities company where their assets are held, or they can contact CITIC
Securities. Contact details for CITIC Securities can be found in Attachment 2.
Attachment 1
Contact Information for Consulting and Business Transactions at Industrial and Commercial Bank
of China Co., Ltd.Hangzhou Branch
Contact Person (Chinese):Wang Yang 0571-87043551
Contact Person (English): Weng Xiaoying 0571-85109607
E-mail：365306561@qq.com
Address: No. 90 Qingchun Road,Gongshu District, Hangzhou City, Zhejiang Province
Attachment 2
Contact Information for Consulting and Business Transactions at CITIC Securities Company
Limited Zhejiang Branch
Contact Person (Chinese):Huang Lei 86-0571-85772223
Contact Person (English): Pan Xinchen 86-0571-87995380
E-mail：hql-zj@citics.com
Fax: 86-0571-85166500
Address: 19F, Dikai Silver Center, No. 29 Jiefang East Road, Shangcheng District, Hangzhou City,
Zhejiang Province
The Board of Directors of Hangzhou Hirisun Technology Incorporated
February 6,2026
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