Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2018-09




 Resolutions of the 19th 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.



 Hangzhou Steam Turbine Co., Ltd. has served the notice for the 19th Meeting of the 7th Term of
board in writing on March 15, 2018. And voted by means of telecommunication on March 20,
2018. There are totally 10 members of the Board, and 10 effective votes were received as of
March 20, 2018. 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.


1.The meeting examined the Proposal on the Company's Plan to Sign a Relocation

Compensation Agreement with Hangzhou Xiacheng District Urban Construction Investment

Development Group Co., Ltd.


        10 votes in favor, 0 objection, 0 waive, the proposal was adopted.


    The complete report is available as Announcement 2018-10 with Securities Times, Shanghai

Securities Daily, Hong Kong Commercial Daily and at www.cninfo.com.cn dated March 21, 2018.

    II. The meeting examined the Proposal of the company to the Bank of China branch in

Zhejiang Province to apply for RMB 700 million credit line

    10 votes in favor, 0 objection, 0 waive, the proposal was adopted.

In order to meet the needs of the company's production and operation, it is necessary to continue

to apply for a credit line of RMB 700 million to the bank. The credit period is till December 31,

2019.



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This announcement is hereby made.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.

March 20,2018




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