Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2021-47



                               Hangzhou Steam Turbine Co., Ltd.

        Announcement on amending the articles of association of the company



  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 Proposal of Amending the Articles of Association of the Company was considered and
  approved at the 13th meeting of the 8th Term of Directors of Hangzhou Steam Turbine Co., Ltd
  (hereinafter referred to as "the Company") held on July 6, 2021, with the amendments are as
  follows:

       Comparative table for amendments to Articles of Association

                  Original contents                                        Revised to

    Article 113                                             Article 113

The board of directors consists of 11 directors,       The board of directors consists of 9 directors,

with 1 chairman and 1 vice chairman.                   with 1 chairman and 1 vice chairman.

    The first item of Article 150,                          The first item of Article 150,

The company has a board of supervisors. The            The company has a board of supervisors. The

board of supervisors is composed of 5 supervisors,     board   of   supervisors   is    composed   of   3

including a chairman. The chairman of the board        supervisors, including a chairman. The chairman

of supervisors is elected by more than half of all     of the board of supervisors is elected by more

supervisors. The chairman of the board of              than half of all supervisors. The chairman of the

supervisors shall convene and preside over the         board of supervisors shall convene and preside

meetings of the board of supervisors; if the           over the meetings of the board of supervisors; if

chairman of the board of supervisors is unable to      the chairman of the board of supervisors is unable

perform his duties or fails to perform his duties,     to perform his duties or fails to perform his

the chairman of the board of supervisors shall         duties, the chairman of the board of supervisors

designate a supervisor to convene and preside over     shall designate a supervisor to convene and
the meetings of the board of supervisors.            preside over the meetings of the board of

                                                     supervisors.



       This proposal is subject to examination of the Shareholders’ Meeting.



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

                                                                                     July 7, 2021