Stock Code: 200771       Stock ID: Hangqilun B     Announcement No.: 2022-86


                      Hangzhou Steam Turbine Power Group Co., Ltd.
               Resolutions of the 30th Meeting of the Eighth 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 30th Meeting of the Eighth term of Board of Hangzhou Steam Turbine
Power Group Co., Ltd. was served on December 16,2022, and the meeting was held in the morning
of December 21, 2022 in the meeting room No.304 of Steam turbine power Building of the
Company. The meeting was held by way of onsite meeting voting and telecommunication as well.
All of the 9 directors attended the meeting and examined and voted on the proposals on the meeting.
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：

 1.Proposal on Adjusting the Repurchase Quantity and Repurchase Price of the 2021

Restricted Stock Incentive Plan
5 votes in favor, 0 objection, 0 waive, the proposal was adopted.

       The directors of the Company, Mr. Zheng Bin, Mr. Ye Zhong, Mr. Yang Yongming and Mr.

Wang Gang, are the incentive targets, who are abstained from voting on the proposal.

       The independent directors expressed a consent independent opinion on the proposal.

       For details of the proposal please refer to the announcement disclosed by the company on

       http://www.cninfo.com.cn on December 22, 2022.(Announcement No.: 2022-88)

       2. Proposal on Repurchase and Cancellation of Certain Restricted Shares
9 votes in favor, 0 objection, 0 waive, the proposal was adopted.

       For details of the proposal please refer to the announcement disclosed by the company on

       http://www.cninfo.com.cn on December 22, 2022.(Announcement No.: 2022-89)


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     3. Proposal on Investing in the Construction of a Project with an Annual Output of 10 Gas

Turbine Units
9 votes in favor, 0 objection, 0 waive, the proposal was adopted.

     For details of the proposal please refer to the announcement disclosed by the company on

     http://www.cninfo.com.cn on December 22, 2022.(Announcement No.: 2022-90)

     4. Proposal on Donations to the External
9 votes in favor, 0 objection, 0 waive, the proposal was adopted.

     The Company actively participated in the "Jointly building new rural areas" assistance activities,

and agreed to provide 150,000 yuan of assistance to Zitong Town in Chun'an County every year

from 2022 to 2025.

   5. Proposal on Applying for a Credit Line of 1 Billion Yuan from China Development Bank
9 votes in favor, 0 objection, 0 waive, the proposal was adopted.

     In order to meet the Company's capital turnover needs and ensure that the R&D work of gas

turbines is progressed as planned, the Company intends to apply for a R&D loan credit line of RMB

1 billion from Zhejiang Branch of China Development Bank, with a loan term of 5 years (including a

grace period of 2 years)and the credit structure is guarantee-free.

     Documents Available for Inspection

      The Resolutions of the 30th Meeting of the 8th Board of Directors




                        The Board of Directors of Hangzhou Steam Turbine Power Group Co., Ltd.
                            December 22, 2022




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