Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2019-73
Hangzhou Steam Turbine Co., Ltd.
Announcement of Resolutions of the Second Provisional shareholders' general
meeting of 2019
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.
Special remarks:
1. Notice and reminder of the Second provisionalshareholders’ general meeting of 2019 were released on November 23 ,2019 with Securities Times, Shanghai Commercial Daily, Hong Kong Commercial Daily, andhttp://www.cninfo.com.cn（ Announcement No.:2019-70）.
2. No proposal was rejected at the meeting.
3. No resolution of previousshareholders’ meeting was changed by this meeting.
I. Holding of the meeting
1. Time of the meeting:
(1) Time of the onsite meeting: December 10, 2019 (Tuesday)13：30;
(2)Time of voting through network: Online voting through the trading system of SSE was9:30～ 11:30,13:00～15:00 December 10, 2019.Votes can be made anytime between 15:00 December 9, 2019 and 15:00 December 10, 2019 through the online voting system provided by SSE.
2. Venue: Hangzhou Steam Turbine Co., Ltd. Meeting Room No. 6, Steam Turbine Power
Building (No.1188 Dongxin Road, Hangzhou)
3. Way of meeting: Thisshareholders’ meeting was held both onsite and online.
4. Convener: The Board of Directors of the Company
5. Host of the meeting: Chairman of the Company, Mr. Zheng Bin
6. The calling and holding procedures were complying with the Company Law, Rules of Listing
of SSE, and the Articles of Association
II. Delegates at the meeting
1. Presenting of the meeting by shareholders
Totally 106 shareholders and attorneys presented the meeting, representing524,276,217shares,
accountedof69.53% of the total voting shares.
Among them there was 1 state-owned share holder holding 479,824,800 shares, accounted of63.64% of the total voting shares;105 B-stock holders, representing 44,451,417 shares, accounted of5.90% of total voting shares.
Totally 53 shareholders and attorneys presented at the onsite meeting, representing
507,953,070 shares, accounted of67.37% of total voting shares.
53 shareholders presented the meeting by online voting system, representing 16,323,147
shares accounted of 2.16% of total voting share.
2. Presenting of other delegates
The directors, supervisors and executives of the Company, as well as the law consultant–
Zhejiang Tiance Law Firm presented the meeting.
III. Proposals and voting results
The following proposals were voted and adopted at the meeting by means of online and onsite
voting:
1. The meeting examined and adopted of the Remuneration Management System for Directors and Senior Management Personnel (Revised in 2019)
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||In favor||||Objection||||Waive||||
||||Number of shares||Proportion||Number of shares||Proportion||Number of share|s||Proportion|
|Domestic holder||479,824,800||100.00%||0||0.00%||0|||0.00%||
|B-share holder||42,150,145||94.82%||615,074||1.38%||1,686,198|||3.79%||
|Total||521,974,945||99.56%||615,074||0.12%||1,686,198|||0.32%||
||Including，Votes by mid-small shareholders：||||||||||||||
|Mid-smallshareholders||42,150,145||94.82%||615,074||1.38%||1,686,198|||3.79%||

2. The meeting examined and adopted the Proposal on Allowance Scheme for the 8th Term of Independent Directors and Supervisors
||||||||
|-|-|-|-|-|-|-|
|In favor||Objection||Waive|||
|Number of shares|Proportion|Number of shares|Proportion|Number of share|s|Proportion|

|||||||||
|-|-|-|-|-|-|-|-|
|Domestic holder||479,824,800|100.00%|0|0.00%|0|0.00%|
|B-share holder||41,804,613|94.05%|1,548,197|3.48%|1,098,607|2.47%|
|Total||521,629,413|99.50%|1,548,197|0.30%|1,098,607|0.21%|
||Including，Votes by mid-small shareholders：|||||||
|Mid-smallshareholders||41,804,613|94.05%|1,548,197|3.48%|1,098,607|2.47%|

3.The meeting Itemized and adopted the Proposal on Repurchase of Company Shares
3.01 Purpose, method and price range of share repurchase;
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||In favor||||Objection||||Waive||||
||||Number of shares||Proportion||Number of shares||Proportion||Number of share|s||Proportion|
|Domestic holder||479,824,800||100.00%||0||0.00%||0|||0.00%||
|B-share holder||44,430,617||99.95%||20,800||0.05%||0|||0.00%||
|Total||524,255,417||100.00%||20,800||0.00%||0|||0.00%||
||Including，Votes by mid-small shareholders：||||||||||||||
|Mid-smallshareholders||44,430,617||99.95%||20,800||0.05%||0|||0.00%||

3.02 Type, quantity and proportion of shares to be repurchased;
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||In favor||||Objection||||Waive||||
||||Number of shares||Proportion||Number of shares||Proportion||Number of share|s||Proportion|
|Domestic holder||479,824,800||100.00%||0||0.00%||0|||0.00%||
|B-share holder||44,430,617||99.95%||20,800||0.05%||0|||0.00%||
|Total||524,255,417||100.00%||20800||0.00%||0|||0.00%||
||Including，Votes by mid-small shareholders：||||||||||||||
|Mid-smallshareholders||44,430,617||99.95%||20,800||0.05%||0|||0.00%||

3.03 Total amount of funds to be used for repurchase and the sources of funds;
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||In favor||||Objection||||Waive||||
|||Number of shares||Proportion||Number of shares||Proportion||Number of share|s||Proportion|
|Domestic holder|479,824,800||100.00%||0||0.00%||0|||0.00%||
|B-share holder|44,430,617||99.95%||20,800||0.05%||0|||0.00%||

|||||||||
|-|-|-|-|-|-|-|-|
|Total||524,255,417|100.00%|20,800|0.00%|0|0.00%|
||Including，Votes by mid-small shareholders：|||||||
|Mid-smallshareholders||44,430,617|99.95%|20,800|0.05%|0|0.00%|

3.04 Time limit for repurchase of shares;
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||In favor||||Objection||||Waive||||
||||Number of shares||Proportion||Number of shares||Proportion||Number of share|s||Proportion|
|Domestic holder||479,824,800||100.00%||0||0.00%||0|||0.00%||
|B-share holder||44,430,617||99.95%||20,800||0.05%||0|||0.00%||
|Total||524,255,417||100.00%||20,800||0.00%||0|||0.00%||
||Including，Votes by mid-small shareholders：||||||||||||||
|Mid-smallshareholders||44,430,617||99.95%||20,800||0.05%||0|||0.00%||

3.05 Validity period of repurchase resolution;
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||In favor||||Objection||||Waive||||
||||Number of shares||Proportion||Number of shares||Proportion||Number of share|s||Proportion|
|Domestic holder||479,824,800||100.00%||0||0.00%||0|||0.00%||
|B-share holder||44,430,617||99.95%||20,800||0.05%||0|||0.00%||
|Total||524,255,417||100.00%||20,800||0.00%||0|||0.00%||
||Including，Votes by mid-small shareholders：||||||||||||||
|Mid-smallshareholders||44,430,617||99.95%||20,800||0.05%||0|||0.00%||

3.06 Matters on authorizing the board of directors to handle this share repurchase.
||||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
||||In favor||||Objection||||Waive||||
||||Number of shares||Proportion||Number of shares||Proportion||Number of share|s||Proportion|
|Domestic holder||479,824,800||100.00%||0||0.00%||0|||0.00%||
|B-share holder||4,443,0617||99.95%||20,800||0.05%||0|||0.00%||
|Total||524,255,417||100.00%||20,800||0.00%||0|||0.00%||
||Including，Votes by mid-small shareholders：||||||||||||||

||||||||
|-|-|-|-|-|-|-|
|Mid-smallshareholders|4,443,0617|99.95%|20,800|0.05%|0|0.00%|

4.The meeting examined and adopted the Proposal on theCompany’s election non-Independent Director of the 8th Board of director
4.01 Zheng Bin was elected the 8th board of directors of non-independent Director;
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,928,873||
|Total||513,753,673||
||Proportion of the total number of voting shares present at the meeting：97.99%|||
||Voting result||Pass|

 4.02 Yang Yongming was elected the 8th board of directors of non-independent Director;
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,445,851||
|Total||513,270,651||
||Proportion of the total number of voting shares present at the meeting：97.90%|||
||Voting result||Pass|

 4.03 Ye Zhong was elected the 8th board of directors of non-independent Director;
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,552,918||
|Total||513,377,718||
||Proportion of the total number of voting shares present at the meeting： 97.92%|||
|Voting result||Pass||

4.04 Wang Gang was elected the 8th board of directors of non-independent Director;
||||
|-|-|-|
|||Agreed to Number of shares|
|Domestic holder|479,824,800||

||||
|-|-|-|
|B-share holder||40,687,973|
|Total||520,512,773|
||Proportion of the total number of voting shares present at the meeting：99.28%||
|Voting result||Pass|

4.05 Kong Jianqiang was elected the 8th board of directors of non-independent Director;
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,426,918||
|Total||513,251,718||
||Proportion of the total number of voting shares present at the meeting：97.90%|||
|Voting result||Pass||

 4.06 Li Guiwen was elected the 8th board of directors of non-independent Director.
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,749,317||
|Total||513,574,117||
||Proportion of the total number of voting shares present at the meeting：97.96%|||
|Voting result||Pass||

5. The meeting examined and adopted the Proposal on theCompany’s election Independent Director of the 8th Board of director
5.01 Zhang Xiaoyan was elected the 8th board of directors of independentDirector；
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,112,924||
|Total||512,937,724||
||Proportion of the total number of voting shares present at the meeting：97.84%|||
|Voting result||Pass||

5.02 Chen Danhong was elected the 8th board of directors of independentDirector；
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||32,812,925||
|Total||512,637,725||
||Proportion of the total number of voting shares present at the meeting：97.78%|||
|Voting result||Pass||

 5.03 Gu Xinjian was elected the 8th board of directors of independentDirector；
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||32,817,925||
|Total||512,642,725||
||Proportion of the total number of voting shares present at the meeting：97.78%|||
|Voting result||Pass||

 5.04 Zhang Hejie was elected the 8th board of directors of independent Director.
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,007,525||
|Total||512,832,325||
||Proportion of the total number of voting shares present at the meeting：97.82%|||
|Voting result||Pass||

 6 . The meeting examined and adopted the Proposal on theCompany’s election Supervisor of the 8th supervisory committee
6.01 Li Shijie was elected the 8th supervisor committee ofSupervisor；
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||32,993,855||
|Total||512,818,655||
||Proportion of the total number of voting shares present at the meeting：97.81%|||
|Voting result||Pass||

6.02 Wang Xiaohui was elected the 8th supervisor committee ofSupervisor；
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||33,551,446||
|Total||513,376,246||
||Proportion of the total number of voting shares present at the meeting：97.92%|||
|Voting result||Pass||

 6.03 Ying Gonghua was elected the 8th supervisor committee of Supervisor.
|||||
|-|-|-|-|
||||Agreed to Number of shares|
|Domestic holder||479,824,800||
|B-share holder||32,973,177||
|Total||512,797,977||
||Proportion of the total number of voting shares present at the meeting：97.81%|||
|Voting result||Pass||

 IV. Legal Opinions from the Solicitors
1. Name of the law firm: Zhejiang Tianche Law Firm
2. Names of the lawyers: Yao Zhensong, Du Wen
3. Conclusive opinion: In thelawyers’ opinion, the convening and holding procedures, the
qualification of attendees, and voting procedures of the Second provisionalShareholders’ general
Meeting of 2019 was complying with the laws, regulations and the Articles of Association of the
Company. Therefore the resolutions are legal and valid.
V. Documents for Reference
1. Resolutions of the Second provisionalShareholders’ general Meeting of 2019 carrying the
signatures of the directors and secretary of Board;
2. Legal opinion issued by Zhejiang Tianche Law Firm on theshareholders’ meeting.
This announcement is hereby made.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
December 10, 2019