Stock Code: 200771        Stock ID: Hangqilun B          Announcement No. 2018-50




                     Hangzhou Steam Turbine Co., Ltd.
         Announcement on receipt of dividends from
                    Hangzhou Bank

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.



     According to the “2017 Profit Distribution Plan” reviewed and approved by Hangzhou Bank

Co., Ltd. 2017 Annual Shareholders' General Meeting , its profit distribution plan is: based on

the implementation of the 3,664,428,880 shares of the common share capital of the profit

distribution equity registration date, the general registration is registered. Shareholders will

distribute cash dividends of RMB 3 (including tax) for every 10 shares, the capital reserve will be

increased by 4 shares for every 10 shares,

     The company has received a dividend of RMB 58,258,972.8 from Hangzhou Bank recently.

As of the date of this announcement, the Company holds 271,875,206 shares of Hangzhou Bank

(of which 45,080,000 shares are pledged), with a shareholding ratio of 5.30%.



This announcement is hereby made.




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

                           July 6, 2018