Stock Code: 200771      Stock ID: Hangqilun B         Announcement No. 2019-15




                    Hangzhou Steam Turbine Co., Ltd.
    Resolutions of the 31st Meeting of the 7th Term of Board


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.



    The notice for calling of the 31st Meeting of the 7th term of Board of Hangzhou Steam

Turbine Co., Ltd. was served on March 17,2019, and the meeting was held in the morning of

March 27, 2019 in the meeting room No.2 of the reception center of the Company. All of the 10

directors attended the meeting and examined and voted on the proposals on the meeting (Director

voted by telecommunication). Directors examined and voted on the proposals on the meeting. The

supervisors and senior executives of the Company observed the meeting. The meeting procedures

are legal and complying with the Company Law and Articles of Association.
The meeting was hosted by Chairman Zheng Bin.
The following proposals were examined at the meeting and passed by open ballot：
I. Work Report of the General Manager 2018
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
II. Work Report of the Board 2018
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-17).

This proposal is subject to examination of the Shareholders’ Meeting 2018.
III. Annual Report 2018 and Summary
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The Board inspected and discussed on the Annual Report 2018. All of the members considered the
report was frankly and completely reflecting the financial situation and business performance in
the report term (January 1 – December 31, 2018). The Board will assume joint and individual
responsibilities for the accuracy, authentic, and completeness of the Report.
The full text of the Annual Report 2018 is available at http://www.cninfo.com.cn (Announcement
No. 2019-18) on March 29, 2019. The summary of Annual Report 2018 is available as
Announcement No. 2019-19 released by Securities Times, Shanghai Securities Daily, Hong Kong
Commercial Daily and http://www.cninfo.com.cn dated March 29, 2019.
This proposal is subject to examination of the Shareholders’ Meeting 2018.
IV. The Financial Report 2018
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-20).

This proposal is subject to examination of the Shareholders’ Meeting 2018.
V. The Dividend Plan 2018
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.

     Basing on the audited financial accounts of 2018, the Company realized RMB

341,085,527.15 of Net profit. the accumulated retained profit is RMB 2,602,026,967.56.

     The profit distribution plan, which was proposed by the board, is : basing on the total capital

share ended December 31, 2018, namely 754,010,400 shares, RMB 2.00 and no bonus share(tax

included) will be distributed to each 10 shares, No capitalizing of common reserves will be

implemented. Totally RMB 150，802，080.00 will be distributed, after the dividend distribution ,

the accumulated retained profit will be RMB 2,451,224,887.56.

This report is subject to approval of the Shareholders’ Meeting 2018.

VI. The Internal Control Introspective Report 2018

10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-22).

VII. The Proposal to extend the service of Pan-China CPA as auditor of the Company for

year 2019
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-23).
This proposal is subject to the examination at the Shareholders’ Meeting 2018.

VIII. The Proposal of Remunerations for Directors and Executives for Year 2018
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available in Chapter VIII of Annual Report 2018 released on the official
website (http//www.cninfo.com.cn) of Shenzhen Stock Exchange dated March 29, 2019.
(Announcement No. 2019-18).
IX. The Proposal on Changes in Accounting Policies
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-24).
X. The Proposal on the use of idle funds for short-term and medium-term financial
management by the company and its subsidiaries in 2019
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-25).
XI.The Proposal on Disposal of Corporate Official Vehicles
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
XII.The Company 2016-2018 Social Responsibility Report
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-26).

XIII. The Proposal of calling the Shareholders’ Annual Meeting 2018
10 votes in favor, 0 objection, 0 waive, the proposal was adopted.
The complete report is available on the official website (http//www.cninfo.com.cn) of Shenzhen
Stock Exchange dated March 29, 2019. (Announcement No. 2019-30).



Documents for reference
The Resolutions of the 31st meeting of the Seventh board of directors signed by the directors

present and bearing the seal of the board of directors.




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

                           March 29, 2019