Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2015-06
Hangzhou Steam Turbine Co., Ltd.
th th
Resolutions of the 19 Meeting of the 6 Term of Board
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 19th session of the 6th term of Board of Hangzhou Steam Turbine Co., Ltd. was served on March 16, 2015, and the meeting was held in the morning of March 26, 2015
in the meeting room No.2 of the reception center of the Company. All of the 11 directors attended
the meeting and examined and voted on the proposals on the meeting. The supervisors and
senior executives of the Company observed the meeting. The meeting procedures are legal and
complying with the Company Law and Articles of Association.
The meeting was hosted by Chairman Zheng Bin.
The following proposals were examined at the meeting and passed by open ballot.
I. Work Report of the General Manager 2014
11 votes in favor, 0 objection, 0 waive, the proposal was adopted.
II. Work Report of the Board 2014
11 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available in Chapter IV of Annual Report 2014 released on the official
website (http//www.cninfo.com.cn) of Shenzhen Stock Exchange dated March 28, 2015.
(Announcement No. 2015-08).
This report is subject to approval of theShareholders’ Meeting 2014.
III. Annual Report 2014 and Summary
11 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The Board inspected and discussed on the Annual Report 2014. All of the members considered the report was frankly and completely reflecting the financial situation and business performance in
the report term (January 1– December 31, 2014). The Board will assume joint and individual
responsibilities for the accuracy, authentic, and completeness of the Report.
The full text of the Annual Report 2014 is available at http://www.cninfo.com.cn (Announcement
No. 2015-08) on March 28, 2015. The summary of Annual Report 2014 is available as
Announcement No. 2015-09 released by Securities Times, Shanghai Securities Daily, Hong Kong Commercial Daily (English) and http://www.cninfo.com.cn dated March 28, 2015.
This report is subject to approval of theShareholders’ Meeting 2014.
IV. The Financial Report 2014
11 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The Financial Report 2014 is available in Chapter XI of Annual Report 2014 released on the
official website (http//www.cninfo.com.cn) of Shenzhen Stock Exchange dated March 28, 2015.
(Announcement No. 2015-08).
This report is subject to approval of theShareholders’ Meeting 2014.
V. The Dividend Plan 2014
The proposal was adopted by 11 votes in favor, 0 objection, and 0 waive.
Basing on the audited financial accounts of 2014, the Company realized RMB372,881,297.31 of
net profit. After providing RMB37,288,129.73 of surplus reserves, the accumulated retained profit is RMB2,390,313,324.89.
The profit distribution plan, which was proposed by the Board, is: basing on the total capital share ended December 31,2014, namely 754,010,400 shares, RMB1.00 and no bonus share(tax
included) will be distributed to each 10 shares. No capitalizing of common reserves will be
implemented. Totally RMB75,401,040.00 will be distributed. After the dividend distribution, the
accumulated retained profit will be RMB2,314,912,284.89.
The Dividend Plan is subject to approval of theShareholders’ Meeting 2014.
VI. The Internal Control Introspective Report 2014
11 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 28, 2015. (Announcement No. 2015-12).
VII. Report of Related Transactions in 2014 and Projected for Year 2015
Nie Zhonghai, Yan Jianhua, Yang Yongming, Zheng Bin, and Ye Zhong– the related directors,
waived from voting of this proposal. It was approved by 6 votes in favor, 0 objection and 0 waive. The report on related transactions is available at http://www.cninfo.com.cn (Announcement No.
2015-13) on March 28, 2015 as well as Securities Times, Shanghai Securities Daily, Hong Kong
Commercial Daily (English) and http://www.cninfo.com.cn dated March 28, 2015
This proposal is subject to examination of theShareholders’ Meeting 2014, and Hangzhou Steam
Turbine Power Group Co., Ltd. shall waive from voting of this proposal.
VIII. The proposal to extend the service of Pan-China CPA as auditor of the Company for
year 2015
The proposal was adopted with 11 votes in favor, 0 objection and 0 waive.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 28, 2015. (Announcement No. 2015-14).
This proposal is subject to the examination at theShareholders’ Meeting 2014.
IX. Proposal on Change of Accounting Estimations
The proposal was adopted with 11 votes in favor, 0 objection and 0 waive.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 28, 2015. (Announcement No. 2015-15).
X. The Proposal of Using Idle Capital to Invest on Mid-short Term Financing Instruments in 2015
The proposal was adopted with 11 votes in favor, 0 objection and 0 waive.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 28, 2015. (Announcement No. 2015-16).
XI. Proposal of Remunerations for Directors and Executives for Year 2014
The proposal was adopted with 11 votes in favor, 0 objection and 0 waive.
The complete report is available in Chapter VIII of Annual Report 2014 released on the official
website (http//www.cninfo.com.cn) of Shenzhen Stock Exchange dated March 28, 2015.
(Announcement No. 2015-08).
XII. The proposal of calling theShareholders’ Annual Meeting 2014
The proposal was adopted with 11 votes in favor, 0 objection and 0 waive.
The Notice of CallingShareholders’ Meeting 2014 is available at http://www.cninfo.com.cn
(Announcement No. 2015-203) on March 28, 2015 as well as Securities Times, Shanghai
Securities Daily, Hong Kong Commercial Daily (English) and http://www.cninfo.com.cn dated
March 28, 2015
The Board of Directors of
Hangzhou Steam Turbine Co., Ltd.
March 26, 2015