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公司公告

杭汽轮B:关于认购契约型基金的进展公告(英文版)2018-05-23  

						          Stock ID: Hangqilun B      Stock Code: 200771      Announcement No. 2018-41




                            Hangzhou Steam Turbine Co., Ltd.
           Announcement on the Progress of Subscription Contract Funds


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.


On April 26, 2018, the company disclosed the “Announcement on Subscription Contract Funds
and Related Party Transactions”(Announcement No.:2018-35). The company plans to use its own
funds not to exceed RMB 20 million to subscribe for the share of the private equity fund of Juyuan
Xinxing No.9 Private Fund.

Recently, the company and Hangzhou Juyuan Asset Management Co., Ltd. signed the “Juyuan

Xinxing No.9 Private Fund Equity Fund Contract”, and the company’s subscription share was

RMB 16 million. details as follows

I.The basic information of the Fund

1. Name of the Fund: Juyuan Xinxing No.9 Private Fund

2. Fund Type: Private Securities Investment Fund

3. Mode of Operation: Irregularly periodic open-ended fund

4. Investment Objective: Pursuing the capital increase of the Fund under the premise of

controlling risks
5. Investment scope: 1) Stocks (including online and/or offline directionally-added shares, and
online and/or offline new share subscription), bonds, reverse bond repurchases and other financial
products traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange;2) Financial
products listed and traded on the interbank market;3) Bank wealth management products, bank
deposits, cash.

6. Duration: 36 months from the date of establishment of the fund

7. Initial sales face value: RMB 1.000 per fund share
8. The Name of the fund manager: Hangzhou Juyuan Asset Management Co., Ltd.

9.Custody Agency: Guosen Securities Co., Ltd.


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10. Private fund service agency: Guosen Securities Co., Ltd.

11. Fund Share classification: The fund is divided into equal fund-shares, and each share enjoys

the same legal rights and interests.

12. Fund size: The fund's investors shall not exceed 200 people. Up to now, the fund has a scale of

80 million yuan.

13. Subscription and holding limit of fund shares: The initial subscription amount of investors

shall not be less than RMB 1 million and investors may make several times subscriptions. The

increase in the subscription amount during the subscription period shall be an integral multiple of

RMB 10,000

14. Accounting method: The Fund Accounting shall adopt Renminbi as the bookkeeping base

currency, and use RMB yuan as the accounting unit. The accounting system shall implement the

relevant national accounting system; the fund shall establish the separate accounts and account

independently; the manager shall keep the complete accounting records and vouchers and carry

out the routine accounting, and shall prepare the accounting report in accordance with the

stipulations of this contract.

II. The redemption of fund shares (the withdrawal mechanism)

1. The Open day of fund shares

     Since the foundation date of this fund, there will be no fixed open day. The manager may set

up a temporary open day according to market conditions. The temporary open day allows both

purchase and redemption.

     There shall be no more than 24 temporary open days in each natural year since the

establishment date of the fund, and the temporary open day must not be set to allow the fund to

open for two consecutive working days.

     During the duration of this fund, the period except for the open day is the lock-up period,

during which the manager does not accept investors' applications for purchase and redemption.

     2. Redemption of fund shares

     Investors may apply for the redemption of fund shares according to the stipulations of this

contract and the requirements of the raising agency .

     (1) Redemption price: The redemption price is calculated based on the net value of fund

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shares on the open day.

     (2) Redemption time: Investors intending to redeem the fund shares on the open day of the

current period shall submit a written redemption application to the fund-raising agency before the

open day (including the open day), and the manager shall officially accept the redemption

application on the open day.

     III. Information of file-recorded of the Fund

     The Fund was file-recorded in the China Securities Investment Fund Association pursuant to

the relevant laws and regulations such as "Securities Investment Fund Law" and "Provisional

Measures for the Supervision and Administration of Private Investment funds", and the

file-recorded date was May 3, 2018.




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            IV. Other participants of the fund (as of the date of this announcement)

            1. Information of capital-contribution of participants
              Name of Investor               Subscription    Proportion         Legal                                                      Main Business

                                                 quota                      representative

Hangzhou Steam Turbine Co., Ltd.            RMB 16 million   20%          Zheng Bin          Design, manufacture, sales, after-sales service, and related product technology development, trade,

                                                                                             transfer, and consulting services for turbines, gas turbines, and other rotating, reciprocating mechanical

                                                                                             equipment and auxiliary equipment and spare parts. The wholesale, import, export, and after-sales

                                                                                             service of complete sets of equipment for power generation, industrial drives, and industrial turbines, and

                                                                                             general contracting for energy saving and environmental protection projects.

Hangzhou Steam Turbine Power Group Co.,     RMB 33.20        41.50%       Zheng Bin          Manufacturing and processing: textile machinery, paper-making machinery, pump, casting products,

                                            million                                          electrical tools, gear box, thermal transmitter, digital controlling device, and spare parts of the above
Ltd.
                                                                                             (limited to the subsidiaries); Contracting of domestic and overseas machinery engineering projects,

                                                                                             export of above equipments and materials, provide labor services for above overseas projects.

                                                                                                  Thermal power plant project and equipment engineering; wholesale and retail: products and spare

                                                                                             parts manufactured by members of the group, and technical research, consulting, and service of above

                                                                                             products; Provide materials, equipments, and spare parts to members of the Group, water and power

                                                                                             supply (other than installation and maintaining of power supply equipment);        Including the business

                                                                                             scope of subsidiaries.

Shanghai Relian Iron & Steel Trading Co.,   RMB 30.80        38.50%       Wu Xiaowei         The wholesale and retail, and consignment-purchasing and consignment-sales of metal materials, steel

Ltd.                                         million                                         materials (except special items) and products, iron ore, iron ore powder, non-ferrous metals, chemical

                                                                                             products and raw materials (except hazardous chemicals, monitoring chemicals, fireworks, civil

                                                                                             explosives, precursor chemicals) , cement, wood, paper, building materials, plastic materials and




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products, general machinery and equipment, electrical machinery and equipment, needle textiles,

electronic computers and accessories, instrumentation, coke and coal; sales of asphalt, edible agricultural

products (excluding live pig products), rubber and furniture; financial information consulting; investment

consulting; enterprise management consulting; industrial Investment.




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     2. The associated relationship between other participants and the Company

     (1) Hangzhou Steam Turbine Power Group Co., Ltd is the controlling shareholder of the

Company, which complies with the first paragraph of Section 10.1.3 of the Shenzhen Stock

Exchange's “Stock Listing Rules”: “the stipulation of “(1) A legal person or other organization

that directly or indirectly controls a listed company”, thus it is an associated legal person of the

Company.

     (2) Shanghai Relian Iron & Steel Trading Co., Ltd is controlled by Hangzhou Steam Turbine

Power Group Co., Ltd. Shanghai Relian and the Company are under the control of an associated

enterprise group, which complies the second paragraph of Article 10.1.3 of the Shenzhen Stock

Exchange’s “Stock Listing Rules”: "the stipulation of (2) any legal person or other organization

other than a listed company and its holding subsidiary directly or indirectly controlled by the legal

person mentioned in the preceding paragraph", thus it is an associated legal person of the

Company.

3. Other statements

     There are no interest arrangements between Juyuan Asset Management and the Company;

there are no interest arrangements with the company's controlling shareholder, actual controller,

directors, supervisors, senior management personnel; and no holding of shares of the company in

direct or indirect forms.

     There is no concerted action relationship between the Company and other investors involved

in setting up the investment fund. There is no situation that the company’s directors, supervisors

and senior management personnel participate in the investment fund share subscription and/or

serve in the investment fund.

     V. Other information

     The company does not have one-vote veto right for the subject matter of the

investment proposed by the fund; the company promises, within twelve months after

participating in the investment or setting up an investment fund (where a phased

investment is involved, it shall be the period of the phased investment and the 12 months

from the completion of the total investment), not to use the idle raised funds to

temporarily supplement the liquidity, not to change the investment direction of the raised



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funds to permanently supplement the liquidity (excluding surplus raised funds), nor use

the over-raised funds to permanently supplement the liquidity or re-pay bank loans.

VI. Documents for reference

1.The “Juyuan Xinxing No. 9 Private Fund Contract” signed between the Company and

Juyuan Asset Management Co., Ltd



This announcement is hereby made.



                     The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
                                                      May 23, 2018




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