Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2019-73
Hangzhou Steam Turbine Co., Ltd.
Announce ment of Resolutions of the Second Provisional shareholders' general
meeting of 2019
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.
Special remarks:
1. Notice and reminder of the Second provisional shareholders’ general meeting of 2019 were
released on November 23 ,2019 with Securities Times, Shanghai Commercial Daily, Hong Kong
Commercial Daily, and http://www.cninfo.com.cn（ Announcement No .:2019-70）.
2. No proposal was rejected at the meeting.
3. No resolution of previous shareholders’ meeting was changed by this meeting.
I. Holding of the meeting
1. Time of the meeting:
(1) Time of the onsite meeting: December 10, 2019 (Tuesday) 13：30;
(2)Time of voting through network: Online voting through the trading system of SSE was 9:30～
11:30, 13:00～15:00 December 10, 2019.Votes can be made anytime between 15:00 December 9,
2019 and 15:00 December 10, 2019 through the online voting system provided by SSE.
2. Venue: Hangzhou Steam Turbine Co., Ltd. Meeting Room No. 6, Steam Turbine Power
Building (No.1188 Dongxin Road, Hangzhou)
3. Way of meeting: This shareholders’ meeting was held both onsite and online.
4. Convener: The Board of Directors of the Company
5. Host of the meeting: Chairman of the Company, Mr. Zheng Bin
6. The calling and holding procedures were complying with the Company Law, Rules of Listing
of SSE, and the Articles of Association
II. Delegates at the meeting
1
1. Presenting of the meeting by shareholders
Totally 106 shareholders and attorneys presented the meeting, representing524,276,217shares,
accounted of69.53% of the total voting shares.
Among them there was 1 state-owned share holder holding 479,824,800 shares, accounted of
63.64% of the total voting shares;105 B-stock holders, representing 44,451,417 shares, accounted
of 5.90% of total voting shares.
Totally 53 shareholders and attorneys presented at the onsite meeting, representing
507,953,070 shares, accounted of 67.37% of total voting shares.
53 shareholders presented the meeting by online voting system, representing 16,323,147
shares accounted of 2.16 % of total voting share.
2. Presenting of other delegates
The directors, supervisors and executives of the Company, as well as the law consultant –
Zhejiang Tiance Law Firm presented the meeting.
III. Proposals and voting results
The following proposals were voted and adopted at the meeting by means of online and onsite
voting:
1. The meeting examined and adopted of the Remuneration Management System for
Directors and Senior Management Personnel (Revised in 2019)
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
42,150,145 94.82% 615,074 1.38% 1,686,198 3.79%
B-share holder
521,974,945 99.56% 615,074 0.12% 1,686,198 0.32%
Total
Including，Votes by mid-small shareholders：
42,150,145 94.82% 615,074 1.38% 1,686,198 3.79%
M id-small
shareholders
2. The meeting examined and adopted the Proposal on Allowance Scheme for the 8th
Term of Independent Directors and Supervisors
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
2
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
41,804,613 94.05% 1,548,197 3.48% 1,098,607 2.47%
B-share holder
521,629,413 99.50% 1,548,197 0.30% 1,098,607 0.21%
Total
Including，Votes by mid-small shareholders：
41,804,613 94.05% 1,548,197 3.48% 1,098,607 2.47%
M id-small
shareholders
3.The meeting Itemized and adopted the Proposal on Repurchase of Company Shares
3.01 Purpose, method and price range of share repurchase;
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
44,430,617 99.95% 20,800 0.05% 0 0.00%
B-share holder
524,255,417 100.00% 20,800 0.00% 0 0.00%
Total
Including，Votes by mid-small shareholders：
44,430,617 99.95% 20,800 0.05% 0 0.00%
M id-small
shareholders
3.02 Type, quantity and proportion of shares to be repurchased;
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
44,430,617 99.95% 20,800 0.05% 0 0.00%
B-share holder
524,255,417 100.00% 20800 0.00% 0 0.00%
Total
Including，Votes by mid-small shareholders：
44,430,617 99.95% 20,800 0.05% 0 0.00%
M id-small
shareholders
3.03 Total amount of funds to be used for repurchase and the sources of funds ;
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 44,430,617 99.95% 20,800 0.05% 0 0.00%
3
Total 524,255,417 100.00% 20,800 0.00% 0 0.00%
Including，Votes by mid-small shareholders：
M id-small
44,430,617 99.95% 20,800 0.05% 0 0.00%
shareholders
3.04 Time limit for repurchase of shares;
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 44,430,617 99.95% 20,800 0.05% 0 0.00%
Total 524,255,417 100.00% 20,800 0.00% 0 0.00%
Including，Votes by mid-small shareholders：
M id-small
44,430,617 99.95% 20,800 0.05% 0 0.00%
shareholders
3.05 Validity period of repurchase resolution;
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 44,430,617 99.95% 20,800 0.05% 0 0.00%
Total 524,255,417 100.00% 20,800 0.00% 0 0.00%
Including，Votes by mid-small shareholders：
M id-small
44,430,617 99.95% 20,800 0.05% 0 0.00%
shareholders
3.06 Matters on authorizing the board of directors to handle this share repurchase .
In favor Objection Waive
Number of shares Proportion Number of shares Proportion Number of shares Proportion
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 4,443,0617 99.95% 20,800 0.05% 0 0.00%
Total 524,255,417 100.00% 20,800 0.00% 0 0.00%
Including，Votes by mid-small shareholders：
4
M id-small
4,443,0617 99.95% 20,800 0.05% 0 0.00%
shareholders
4.The meeting examined and adopted the Proposal on the Company’s election
non-Independent Director of the 8th Board of director
4.01 Zheng Bin was elected the 8th board of directors of non-independent Director;
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,928,873
Total 513,753,673
Proportion of the total number of voting shares present at the meeting：97.99%
Voting result Pass
4.02 Yang Yongming was elected the 8th board of directors of non-independent
Director;
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,445,851
Total 513,270,651
Proportion of the total number of voting shares present at the meeting：97.90%
Voting result Pass
4.03 Ye Zhong was elected the 8th board of directors of non-independent Director;
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,552,918
Total 513,377,718
Proportion of the total number of voting shares present at the meeting： 97.92%
Voting result Pass
4.04 Wang Gang was elected the 8th board of directors of non-independent Director;
Agreed to Number of shares
Domestic holder 479,824,800
5
B-share holder 40,687,973
Total 520,512,773
Proportion of the total number of voting shares present at the meeting：99.28%
Voting result Pass
4.05 Kong Jianqiang was elected the 8th board of directors of non-independent
Director;
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,426,918
Total 513,251,718
Proportion of the total number of voting shares present at the meeting：97.90%
Voting result Pass
4.06 Li Guiwen was elected the 8th board of directors of non-independent Director.
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,749,317
Total 513,574,117
Proportion of the total number of voting shares present at the meeting：97.96%
Voting result Pass
5. The meeting examined and adopted the Proposal on the Company’s election
Independent Director of the 8th Board of director
5.01 Zhang Xiaoyan was elected the 8th board of directors of independent Director；
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,112,924
Total 512,937,724
Proportion of the total number of voting shares present at the meeting：97.84%
Voting result Pass
5.02 Chen Danhong was elected the 8th board of directors of independent Director；
6
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 32,812,925
Total 512,637,725
Proportion of the total number of voting shares present at the meeting：97.78%
Voting result Pass
5.03 Gu Xinjian was elected the 8th board of directors of independent Director；
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 32,817,925
Total 512,642,725
Proportion of the total number of voting shares present at the meeting：97.78%
Voting result Pass
5.04 Zhang Hejie was elected the 8th board of directors of independent Director.
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,007,525
Total 512,832,325
Proportion of the total number of voting shares present at the meeting：97.82%
Voting result Pass
6 . The meeting examined and adopted the Proposal on the Company’s election
Supervisor of the 8th supervisory committee
6.01 Li Shijie was elected the 8th supervisor committee of Supervisor；
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 32,993,855
Total 512,818,655
Proportion of the total number of voting shares present at the meeting：97.81%
Voting result Pass
7
6.02 Wang Xiaohui was elected the 8th supervisor committee of S upervisor；
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 33,551,446
Total 513,376,246
Proportion of the total number of voting shares present at the meeting：97.92%
Voting result Pass
6.03 Ying Gonghua was elected the 8th supervisor committee of Supervisor.
Agreed to Number of shares
Domestic holder 479,824,800
B-share holder 32,973,177
Total 512,797,977
Proportion of the total number of voting shares present at the meeting：97.81%
Voting result Pass
IV. Legal Opinions from the Solicitors
1. Name of the law firm: Zhejiang Tianche Law Firm
2. Names of the lawyers: Yao Zhensong, Du Wen
3. Conclusive opinion: In the lawyers’ opinion, the convening and holding procedures, the
qualification of attendees, and voting procedures of the Second provisional Shareholders’ general
Meeting of 2019 was complying with the laws, regulations and the Articles of Association of the
Company. Therefore the resolutions are legal and valid.
V. Documents for Reference
1. Resolutions of the Second provisional Shareholders’ general Meeting of 2019 carrying the
signatures of the directors and secretary of Board;
2. Legal opinion issued by Zhejiang Tianche Law Firm on the shareholders’ meeting.
This announcement is hereby made.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
December 10, 2019
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