Stock Code:20077       Stock ID: Hangqilun B     Announcement No. 2020-05



                           Hangzhou Steam Turbine Co., Ltd.
       Resolutions of the 2nd Meeting of the 8th Term of Supervisory
                                              Committee


       The members of the Supervisory Committee 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.



       The notice for calling of the 2nd meeting of the 8th Supervisory Committee of Hangzhou

Steam Turbine Co., Ltd. was served on March 8, 2020, and the meeting was held in the morning

of March 12, 20120 in the meeting room No.6 of the reception center of the Company.

Affected by the Corona-virus, the meeting voted on-site in combination with conference call

（        Supervisor        Li       Shijie       Voted        by          telecommunication   ）

The company has 5 Supervisors and 5 actually participated in the voting, The secretary of the

Board observed the meeting. The meeting procedures are legal and complying with the Company

Law and Articles of Association.

       The meeting was hosted by Supervisor Mr.Wang Xiaohui.

        The following proposals were examined at the meeting and passed by open ballot.

        I.The meeting examined the Proposal on Confirming Occurrence of Daily Related

Transactions of 2019 and the Estimated Amount of Related Transactions of the Company of

2020

       5 votes in favor, 0 objective, 0 waived; The proposal was passed.

       The Board of Supervisors believes that the daily related party transactions between the

company and its related parties are necessary for production and operation, and are priced fairly,

following the principles of fairness, openness, and fairness; the procedures for the review and

voting of related party transactions are in compliance with the Company Law, Law, the Articles of

Association and other relevant provisions, There was no illegal behavior and no harm to the
interests of the company and its shareholders, especially the small and medium shareholders .

     This proposal is subject to examination of the Shareholders’ Meeting , and Hangzhou Steam

Turbine Power Group Co., Ltd. shall waive from voting of this proposal.

     This announcement is hereby made.

     The Supervisory Committee of Hangzhou Steam Turbine Co., Ltd.



     March 12, 2020