杭汽轮B:关于签订搬迁补偿协议的公告(英文版)2018-03-21
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2018-10
Hangzhou Steam Turbine Co., Ltd.
Announcement on signing a relocation compensation agreement
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.
I. Overview
1. According to the relevant contents of the Meeting Minutes of the Hangzhou Municipal
People's Government on the Relocation of the Hangzhou Steam Turbine Shiqiao Road Plant, the
Hangzhou Municipal People's Government included the Steam Turbine Shiqiao Road Plant Area
into the scope of Expropriation and Relocation Planning. For the details of the above matters, the
company disclosed on April 21, 2017, the “Announcement on voluntary information disclosure on
the relocation and relocation of the land in Hangzhou Steam Turbine Plant”(Announcement
No.:2017-31), on August 7, 2017. it disclosed “Announcement of the controlling shareholder and
the Xiacheng district government to sign the agreement of the main body relocation
compensation”(Announcement No.: 2017-54).
2. In response to the compensation for the relocation of the company and its holding
subsidiary Hangzhou Steam Turbine Machinery Co., Ltd and in accordance with relevant national
laws and regulations, the Company and Hangzhou Xiacheng District Urban Construction
Investment Development Group Co., Ltd signed the Relocation Compensation Agreement for
Non-residential Buildings on State-owned Land.
3. The current compensation for relocation does not constitute a related party transaction and
does not constitute a major reorganization of assets as stipulated in the "Administrative Measures
for Major Asset Reorganization of Listed Companies."
II. The main content of the agreement
1. Compensation Scope to the Relocation:
The total area of right to use is: 173,641 square meters. Type of land and type of use rights
are industrial land.The company has a total of housing construction area: 110,737.82 square
meters. The mechanical company has a total of 732.52 square meters of housing construction area.
Total building area of self-built houses: 1,4271.8 square meters.
Compensation fees for physical assets including the houses and buildings, structures, house
decoration, equipment, and land within the scope of the relocation of the Company and the
Machinery Company; compensation fees for personnel placement costs; compensation fees for
shutdown loss and production stoppage loss and incentive fees
2. Amount of compensation for relocation:
(1) Company: RMB 1,299,324,850
(2) Machinery Company: RMB 6,625,450
Thereinto: Upon agreed by the Company and the Urban Construction Investment Group, the
Urban Construction Investment Group shall give the company the incentive fees of RMB
34,202,690 for such relocation, and shall give the Machinery Company the incentive fees of RMB
690,080 for such relocation.The above amount already includes all the compensation fees and
there are no missing items. The Company and the Machinery Company shall be responsible for
moving out to relocate and the transition. The Urban Construction Investment Group will not do
any more for solving the resettlement problem of the Company and the Machinery Company.
3. Mode of payment and payment time:
The time of the payment for compensation fees for relocation is determined after consultation
between the company and the City Construction Investment Group. For the compensation paid in
each period by the City Construction Investment Group, the City Construction Investment Group
shall pay it to the Hangzhou Steam Turbine Power Group Co., Ltd who represents the Company
and the Machinery Company for receiving such payment and will pay such amount to the
Company and the Machinery Company.
4. Buildings relocation time:
The Company and the Machinery Company will complete the relocation by December 31, 2019,
and shall deliver the vacated buildings in accordance with the time order of relocation. The
Company and the Machinery Company shall not demolish or damage buildings, and the residual
value of the buildings after the delivery shall be possessed by the City Construction Investment
Group.
Ⅲ. The impact of the agreement on the listed company
The compensation for relocation received by the company will be treated as a special
payable, and the final accounting treatment shall be based on the audit opinion of the accounting
firm. The company will also continue to pay attention to the progress of the relocation work and
fulfill its obligation of information disclosure in a timely manner. Investors are advised to pay
attention to investment risks.
Ⅳ. Documents for reference
1. Resolutions of the 19th meeting of the 7th Term of Board;
2. Non-residential house relocation compensation agreement on state-owned land
This announcement is hereby made.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
March 21,2018