Stock Code: 200771        Stock ID: Hangqilun B     Announcement No. 2020-44


                              Hangzhou Steam Turbine Co., Ltd.
   Announcement on the progress of the imple mentation of share repurchase

       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.


Hangzhou Steam Turbine Co., Ltd. held the second Provisional shareholders' general meeting of
2019 on December 10, 2019, in which the "Proposal on the share repurchase of the Company’s
Shares" was reviewed and approved.


According to the relevant provisions of the Implementation Rules of the Shenzhen Stock
Exchange on the share repurchase by Listed Companies, During the implementation of the
repurchase, the company shall disclose the progress of the repurchase as of the end of last month
within the first three trading days of each month. The progress of the company's share repurchase
is announced as follows:


     As of July 31,2020, The Company brought back the 12,489,446 Company's shares for the
first time through a special securities trading account for shares repurchase, and those shares
account for about 1.66% of the Company's total share capital, with the highest transaction price is
8.52 HKD / share and the lowest transaction price is 7.22HKD / share and the total transaction
amount is 99,687,219.93HKD.


      The company's repurchase is in compliance with the established repurchase plan disclosed
by the company and in accordance with the "Implementation Rules for the Repurchase of Shares
by Listed Companies on the Shenzhen Stock Exchange".


The Company will continue to implement this repurchase plan during the repurchase
implementation period according to market conditions, and will promptly perform its information
disclosure obligations in accordance with the relevant laws, regulations and regulatory documents.
Hereby, Investors are kindly requested to pay attention to investment risks.
     This announcement is hereby made.
The Board of Directors of Hangzhou Steam Turbine Co., Ltd.
August 5, 2020