杭汽轮B:关于收到搬迁补偿款的进展公告(英文版)2019-04-27
Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2019-39
Hangzhou Steam Turbine Co., Ltd.
Announcement on the progress of receiving compensation for relocation
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 Company signed the “Compensation Agreement for the Relocation of Non-residential Houses on
State-owned Land” with Hangzhou Xiacheng Urban Construction Investment Development Group Co.,
Ltd. The Company received a total of RMB 1,299,324,850 for the compensation for relocation. For details,
please refer to the Announcement of the progress of the relocation project on August 6, 2018
(Announcement No.: 2018-57).
The Company recently received a compensation of RMB 313,765,797.52 for the relocation, and it
has received a total of compensation of RMB 620,559,021.76 for relocation as of the announcement date.
The Company shall handle the compensation for land requisition and relocation as a special payable
in accordance with the provisions of the “No. 3 Accounting Standards for Business Enterprises
Interpretation” and the “No. 16 Accounting Standards for Business Enterprises—Government Subsidies”
by the Ministry of Finance. The above amount is not expected to have a significant impact on the profit
and loss of 2019. And the final accounting treatment shall be subject to the annual audit opinion of the
accounting firm.
The company will also continue to pay attention to the progress of the relocation work and fulfill its
obligation of information disclosure in a timely manner. Investors are advised to pay attention to investment
risks.
This announcement is hereby made.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
April 27, 2019