Stock Code: 200771      Stock ID: Hangqilun B        Announcement No. 2019-47



                            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 “2018 Profit Distribution Plan” reviewed and approved by Hangzhou Bank

Co., Ltd. 2018 Annual Shareholders' General Meeting , its profit distribution plan is: based on the

implementation of 5,130,200,432 shares of the common share capital of the profit distribution

equity registration date, Shareholders will distribute cash dividends of RMB 0.25 (including tax)

for every shares.

     The company has received a dividend of RMB 67,968,801.5 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 17, 2019