Stock Code: 200771 Stock ID: Hangqilun B Announcement No.: 2021-39
Hangzhou Steam Turbine Co., Ltd.
Announcement of Resolutions of Shareholders’ General Meeting of 2020
Special remarks:
1. Notice and reminder of the shareholders’ general meeting of 2020 were released on April
17 ,2021 with Securities Times, Shanghai Commercial Daily, Hong Kong Commercial Daily, and
http://www.cninfo.com.cn（ Announcement No .:2021-32）.
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: May 10, 2021(Monday) 13：30;
(2)Time of voting through network: Online voting through the trading system of SSE was
9:15-9:25，9:30-11:30, 13:00-15:00 May 10,2021；Votes can be made anytime between 9:15 to
15:00 May 10,2021 through the online voting system provided by SSE.
2. Venue: Hangzhou Steam Turbine Co., Ltd. (No.1188 Dongxin Road, Hangzhou)
Meeting Room No.304 of Steam Turbine Power Building
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. Presenting of the meeting by shareholders
Totally 107 shareholders and attorneys presented the meeting, representing 523,584,742
shares, accounted of 71.29 % 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; 106 B-stock holders, representing 43,759,942 shares,
accounted of 5.96 % of total voting shares.
Totally 78 shareholders and attorneys presented at the onsite meeting, representing
517,098,426 shares, accounted of 68.58% of total voting shares.
29 shareholders presented the meeting by online voting system, representing 6,486,316
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shares accounted of 0.88% 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 the Work Report of the Board of Directors for 2020
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 43,581,145 99.59% 178,797 0.41% 0 0.00%
Total 523,405,945 99.97% 178,797 0.03% 0 0.00%
Including: votes by mid-small shareholders:
(Shareholders with 5% or lower of the capital shares，the same below)
Mid-small
43,581,145 99.59% 178,797 0.41% 0 0.00%
shareholders
2. The meeting examined and adopted the Work Report of the Supervisory Committee for 2020
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 43,581,145 99.59% 178,797 0.41% 0 0.00%
Total 523,405,945 99.97% 178,797 0.03% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
43,581,145 99.59% 178,797 0.41% 0 0.00%
shareholders
3. The meeting examined and adopted Annual Report for 2020 and its summary
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 43,581,145 99.59% 178,797 0.41% 0 0.00%
Total 523,405,945 99.97% 178,797 0.03% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
43,581,145 99.59% 178,797 0.41% 0 0.00%
shareholders
4. The meeting examined and adopted the Financial Report 2020
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In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder 479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 42,934,330 98.11% 825,612 1.89% 0 0.00%
Total 522,759,130 99.84% 825,612 0.16% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
42,934,330 98.11% 825,612 1.89% 0 0.00%
shareholders
5. The meeting examined and adopted the Profit Distribution plan for 2020
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 41,565,503 94.99% 2,194,439 5.01% 0 0.00%
Total 521,390,303 99.58% 2,194,439 0.42% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
41,565,503 94.99% 2,194,439 5.01% 0 0.00%
shareholders
6. The meeting examined and adopted the proposal to extend the service of Pan-China CPA
as auditor of the Company for 2021
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 43,416,945 99.22% 342,997 0.78% 0 0.00%
Total 523,241,745 99.93% 342,997 0.07% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
43,416,945 99.22% 342,997 0.78% 0 0.00%
shareholders
7.The proposal on Estimated Amount of Related Transactions of the Company of 2021
The proposals of company's largest shareholder Hangzhou Steam Turbine Power Group Ltd. – the
related party holding 479,824,800 shares, waived from the voting process. The results of voting
by non-related shareholders are as the following:
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
/ / / / / /
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B-share holder 39,128,416 89.42% 4,631,526 10.58% 0 0.00%
Total 39,128,416 89.42% 4,631,526 10.58% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
39,128,416 89.42% 4,631,526 10.58% 0 0.00%
shareholders
8.The Proposal on Change of Registered Address and Amending of Articles of
Association
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 43,215,345 98.76% 544,597 1.24% 0 0.00%
Total 523,040,145 99.90% 544,597 0.10% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
43,215,345 98.76% 544,597 1.24% 0 0.00%
shareholders
9.The Proposal on Amending the "Remuneration Management System for Directors
and Senior Executives"
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 41,905,933 95.76% 1,824,109 4.17% 29,900 0.07%
Total 521,730,733 99.65% 1,824,109 0.35% 29,900 0.01%
Including: votes by mid-small shareholders:
Mid-small
41,905,933 95.76% 1,824,109 4.17% 29,900 0.07%
shareholders
10. The Proposal on Supplementing Non-Independent Directors of the Company's Eighth
Board of Directors
In favor Objection Waive
Number of shares Proportion Number of Proportion Number of Proportion
shares shares
Domestic holder
479,824,800 100.00% 0 0.00% 0 0.00%
B-share holder 42,394,400 96.88% 1,365,542 3.12% 0 0.00%
Total 522,219,200 99.74% 1,365,542 0.26% 0 0.00%
Including: votes by mid-small shareholders:
Mid-small
42,394,400 96.88% 1,365,542 3.12% 0 0.00%
shareholders
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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 convenor，the
qualification of attendees, and voting procedures of the Shareholders’ Annual Meeting 2020 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 Shareholders’ General Meeting 2020 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.
May 10, 2021
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