Stock Code: 200771       Stock ID: Hangqilun B Announcement No. 2017-78




                          Hangzhou Steam Turbine Co., Ltd.
                 Announcement on Change of Chief Accountant and
                    Appointment of Deputy General Manager


       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 Board of Directors of Hangzhou Steam Turbine Co., Ltd recently received Ms. Pu

Yangshuo's resignation. Ms. Pu Yangshuo, for personal reasons, applied for resigning from the

position of Chief Accountant and Deputy General Manager of the Company. After the resignation,

Ms. Pu Yangshuo does not hold any position in the Company. Pursuant to the provisions of the

Company Law and the Articles of Association, the resignation of Ms. Pu Yangshuo takes effect

when it's sent to the board of directors.

       Ms. Pu Yangshuo has been served as the chief accountant and the deputy general manager of

the Company since June 2013. She performed her duties responsibly and diligently during the

term of office of the Company and made outstanding contributions to the development of the

Company. Here, the board of directors of the Company would like to express heartfelt thanks to

her.

       According to the nomination by General Manager Mr. Ye Zhong and after examination by

the nomination committee of the board of directors and the deliberation by the 17th meeting of the

7th board of directors, the board of directors of the company agreed to appoint Mr. Zhao Jiamao

as the chief accountant and deputy general manager of the company with the office term from

January 1, 2018 until the expiration of the term of the seventh board of directors. The independent

directors of the company issued an independent opinion on the above matters.

        This announcement is hereby made.

         The Board of Directors of Hangzhou Steam Turbine Co., Ltd.

        December 30,2017
Attachment：Resume of Mr. Zhao Jiamao-Deputy General Manager and Chief Accountant



      Mr. Zhao Jiamao, born in March 1975, member of the Communist Party of China,

university degree, certified public accountant and senior accountant. He joined Hangzhou Steam

Turbine Power Group Co., Ltd. Finance Office in 1995 and was once the Vice Minister of Finance

of Hangzhou Steam Turbine Power Group Co., Ltd., Chief Accountant, Deputy General Manager

and General Manager of Hangzhou Steam Turbine Power Technology Co., Ltd. In December

2014, he was the Deputy Chief Accountant and Chief Financial Officer of the Company. Since

March 2016, he has been the General Manager Assistant, the Director of Asset Management

Department and the Finance Department and the Contract Department.

    Mr. Zhao Jiamao is not holding the Company’s shares; there is no relationship with the

shareholders, the actual controller, other directors, supervisors and senior executives of the

Company holding more than 5% of the shares, and has not been punished by the CSRC and other

relevant departments And the stock exchange shall not be classified as a dishonest person; and

shall meet the requirements of the relevant laws, administrative regulations, departmental rules,

normative documents, the Rules for the Listing of Stocks and other relevant provisions of the

Exchange.