Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2018-02
Resolutions of the 18th Meeting of the Seventh Board of Directors 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.
The notice for calling of the 18th meeting of the Seventh Board of Director of Hangzhou Steam Turbine Co., Ltd. was served on January 19, 2018, and the meeting was held in the morning of January 29, 2018 in the meeting room No.2 of the reception center of the Company. All of the 10 directors presented the meeting and examined and voted on the proposals on the meeting. This was complying with the provisions of the Company Law, Articles of Association, and Share Listing Rules of Shenzhen Stock Exchange, thus the meeting was legal and valid.
The meeting was hosted by Chairman Zheng Bin.
The following proposals were examined at the meeting and passed by openballot：
1. The meeting examined the Proposal on the company for Hangzhou Steam Turbine Auxiliary Machinery Co., Ltd. to provide 20 million liquidity borrowing security
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available as Announcement 2018-03 with Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily and at www.cninfo.com.cn dated January 27, 2018.
2. The meeting examined the Proposal of the Management System of Entrusted Financial Management(Revised in 2018)
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available as Announcement 2018-04 with Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily and at www.cninfo.com.cn dated January 27, 2018.
3. The meeting examined the Proposal on Controlling Subsidiary Casting Company to Increase Capital and Share Expansion and Company to Abolish Capital Increase Priority Subscription Rights
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available as Announcement 2018-05 with Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily and at www.cninfo.com.cn dated January 27, 2018.
4. The meeting examined the Proposal on Reviewing the Estimated Amount of Related
Transactions of the Company in 2018
Zhen Bin, Yan Jianhua, Yang Yongming and Ye Zhong– the related directors（Associated relationship: Director of Hangzhou Steam Turbine Power Group Co.,Ltd）, waived from voting of this proposal. It was approved by 6 votes in favor, 0 objection and 0 waive.
The independent directors of the Company reviewed the proposal and issued the prior approval opinion before the board of directors convened, agreed to submit the proposal to the board of directors of the Company and expressed independent opinions on the matter.
The complete report is available as Announcement 2018-06 with Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily and at www.cninfo.com.cn dated January 27, 2018.
This proposal is subject to examination of theShareholders’ Meeting , and Hangzhou Steam Turbine Power Group Co., Ltd. shall waive from voting of this proposal.
5. The meeting examined the Proposal of Using Idle Capital to Invest on Mid-short Term
Financing Instruments in 2018
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available as Announcement 2018-07 with Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily and at www.cninfo.com.cn dated January 27, 2018.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd. January 27, 2018