杭汽轮B(200771):杭州汽轮动力集团股份有限公司关于公司股票连续停牌直至终止上市的公告(英文)
StockCode:200771 StockID:HangqilunB AnnouncementNo.:2025-121HangzhouTurbinePowerGroupCo.,Ltd. AnnouncementontheContinuousSuspensionoftheCompany'sStockUntilDelistingThemembersoftheBoardandtheCompanyacknowledgebeingresponsibleforthetruthfulness,accuracy,andcompletenessoftheannouncement.Therearenofalserecords,misleadingstatements,orsignificantomissionsinthisannouncement. SpecialReminder:TheCompany'sstock(Stockcode:200771)willbesuspendedfromtradingstartingNovember5,2025,HTCstockwillenterthestagesofcashoptiondistribution,exercisedeclaration,andexercisesettlement,andwillnolongerbetraded,whenitwillbeconvertedintoHirisunsharesforlistingandtradingontheShenzhenStockExchange.Investorsarekindlyrequestedtotakenote.HangzhouHirisunTechnologyIncorporated.(hereinafterreferredtoas"Hirisun")willissueA-sharestoalltheshareholdersofHangzhouTurbinePowerGroupCo.,Ltd.(hereinafterreferredtoas"theCompany","thisCompany"or"HTC")inashareexchangeabsorptionmergertoabsorbHTC(hereinafterreferredtoas"thisshareexchangeabsorptionmerger")andithasobtainedapprovalforregistrationfromtheChinaSecuritiesRegulatoryCommissioninSeptember2025(No.2141[2025]CSRCApproval).According toArticle 9.7.1, Item (4) of the 'Shenzhen Stock Exchange Stock Listing Rules (2025Revision)',theCompanymeetstheconditionsforvoluntarydelisting.Subsequently,theCompanywillapplytotheShenzhenStockExchangeforthedelistingofitsstock(StockID:HangqilunB,StockCode:200771).FromOctober28,2025,theCompanyconsecutivelypublishedforsixtradingdaysthe“PromptingAnnouncementofHangzhouTurbinePowerGroupCo.,Ltd.RegardingtheShareExchangeAbsorptionMergerofHangzhouTurbinePowerGroupCo.,Ltd.byHangzhouHirisunTechnologyIncorporated.”,the“PromptAnnouncementofHangzhouTurbinePowerGroupCo.,Ltd.RegardingtheContinuousSuspensionoftheCompany'sStockUntilDelistingandtheImplementationoftheShareExchangeAbsorptionMerger”,andthe“PromptingAnnouncementofHangzhouTurbinePowerGroupCo.,Ltd.RegardingtheDistributionandImplementationofCashOptionintheShareExchangeAbsorptionMergerbyHangzhouHirisunTechnologyIncorporated.”. FollowingtheapplicationtotheShenzhenStockExchange,TheCompany'sstock(Stockcode:200771)willbesuspendedfromtradingstartingNovember5,2025,HTCstock willenterthestagesofcashoptiondistribution,exercisedeclaration,andexercisesettlement,andwillnolongerbetraded,whenitwillbeconvertedintoHirisunsharesforlistingandtradingontheShenzhenStockExchange.Investorsarekindlyrequestedtotakenote. I.RegardingtheDistributionandImplementationofCashOption TherecorddateforHTC'scashoptionrightsisNovember4,2025.Oncethecashoptionsaredistributed,thedeclarationprocesswillbegin,ShareholderswhohaveobtainedthecashoptionmayexercisethecashoptioninwholeorinpartatthepriceofHKD7.54pershareforthesharesoftheCompanytheyholdbetween9:30AMto11:30AM,and1:00PM.to3:00PM onthedeclarationday.(Announceseparately).Correspondingly,thesharesheldbyshareholderswillbetransferredtoHangzhouState-ownedCapitalInvestment&OperationCo.,Ltd.,theproviderofthecashoption.AsofNovember4,2025,thelasttradingdayoftheCompany'sshare,HTC'sshareclosedat13.30HKD/share,representingapremiumof76.39%relativetothecashoptionexerciseprice.Investorsexercisingthecashoptionmayincurcertainlosses;pleasepayattentiontoinvestmentrisks. Investorswhowishtounderstandthedetailsofthiscashoptiondistributionanditsimplementationshouldreadthefulltextofthe"PromptingAnnouncementontheDistributionandImplementationofCashOptionintheShareExchangeAbsorptionMergerofHangzhouTurbinePowerGroupCo.,Ltd.byHangzhouHirisunTechnologyIncorporated.disclosedbyHTC"publishedbytheCompanyonOctober28,2025toNovember4,2025ontheShenzhenStockExchangewebsite(www.szse.cn)andtheCninfowebsite(www.cninfo.com.cn),aswellasrelateddocuments,andpaytimelyattentiontotherelevantannouncementspublishedbytheCompany. II.RegardingtheShareExchangeAbsorptionMerger Afterthecompletionofthetransferofsharesexercisedthroughthecashoptionandthesettlementoffunds,HangqilunBwillpublishashareexchangeimplementationannouncementtodeterminetherecorddatefortheexchangeofsharesandcarryouttheshareexchange.TheexchangeobjectsareallshareholdersofHTCwhoareregisteredwiththeShenzhenBranchofChinaSecuritiesDepositoryandClearingCorporationLtd.afterthecloseoftradingontherecorddatefortheexchangeofshares.Asthemergingandshare-exchangeimplementingpartyinthisabsorptionmerger,HirisunwillexchangetheHTCsharesheldbytheshare-exchangeobjectsthroughasecuritiesconversionmethod.Fordetailedinformationregardingthisshareexchangemergerplan,pleaserefertothefulltextofthe"ReportontheShareExchangeAbsorptionMergerofHangzhouTurbinePowerGroupCo.,Ltd.byHangzhouHirisunTechnologyIncorporated.NamelytheRelatedTransaction(Draft)(RegistrationVersion)"andthefulltextofthe"AnnouncementonAdjustingtheShareExchangePriceandOtherMattersAftertheImplementationofthe2024AnnualEquityDistribution"publishedbytheCompanyonSeptember12,2025andJune14,2025ontheShenzhenStockExchangewebsite(www.szse.cn)andtheCninfowebsite(www.cninfo.com.cn)andtherelateddocuments.Alsopleaserefertothefulltextofthe"AnnouncementonAdjustingtheShareExchangePriceandOtherMattersAftertheImplementationofthe2024AnnualEquityDistributionbyHTC"publishedbytheCompanyonOctober28,2025toNovember4,2025ontheShenzhenStockExchangewebsite(www.szse.cn)andthecninfowebsite(www.cninfo.com.cn),aswellasrelateddocuments,andpromptlyfollowtherelevantannouncementsissuedbytheCompany.Thisannouncementisherebymade. TheBoardofDirectorsofHangzhouTurbinePowerGroupCo.,Ltd. November5,2025 中财网
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