Stock Code: 200771 Stock ID: Hangqilun B Announcement No.: 2024-70
Hangzhou Turbine Power Group Co., Ltd.
Announcement on Changing the Registered Capital
and Amending the Articles of Association
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.
On October 28, 2024, the 9th meeting of the Ninth Board of Directors will be held, and the
Proposal on the Registered Capital and Amending the Articles of Association will be deliberated
and approved. The specific matters are as follows:
As a result of the Company's repurchase and cancellation of 62,712 restricted shares, the
total share capital of the Company is reduced from 1,175,009,597 shares to 1,174,946,885 shares,
and the registered capital of the Company is reduced from 1,175,009,597 yuan to 1, 174,946,885
yuan. Based on the afore-said change in registered capital, the Company intends to amend the
corresponding articles of the Articles of Association of the Company.
For details, please refer to the Annex: Comparative Table of Amendments to the Articles of
Association.
After the proposal is deliberated and approved by the board of directors, it shall be submitted
to the general meeting of shareholders for deliberation.
The above change of registered capital and amendments to the articles of association shall be
subject to the final approval of the industrial and commercial registration authority.
The Board of Directors of Hangzhou Turbine Power Group Co., Ltd.
October 29, 2024
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Annex: Comparison Table of Amendments to Articles of Association
S /N Before amendment After amendment
1 Article 5.2 Article 5.2
After the implementation of the profit distribution After the implementation of the profit distribution plan
plan approved by the Company at the 2022 Annual approved by the Company at the 2022 Annual General
General M eeting of Shareholders to give 2 shares for M eeting of Shareholders to give 2 shares for every 10
every 10 shares, the Company's share capital is shares, the Company's share capital is increased to
increased to 1,175,444,400 shares. In 2023, the 1,175,444,400 shares. In 2023, the Company repurchased
Company repurchased and cancelled 434,803 restricted and cancelled 434,803 restricted shares, and the Company's
shares, and the Company's share capital is changed to share capital is changed to 1,175,009,597 shares. In 2024,
1,175,009,597 shares. the Company repurchased and cancelled 62,712 restricted
shares, and the Company's share capital is changed to
1,174,946,885 shares.
2 Article 8 Article 8
The registered capital of the Company is RM B The registered capital of the Company is RM B
11,175,009,597. 1,174,946,885.
4 Article 21 Article 21
The share capital structure of the Company is: the The share capital structure of the Company is: the total
total share capital is 1,175,009,597 shares, of which the share capital is 1,174,946,885 shares, of which the
promoter Hangzhou Turbine Holdings Co., Ltd. holds promoter Hangzhou Turbine Holdings Co., Ltd. holds
689,715,889 national shares, accounting for 58.70% of 689,715,889 national shares, accounting for 58.70% of the
the total share capital; Guoxin Guotong (Hangzhou) total share capital; Guoxin Guotong (Hangzhou) Equity
Equity Investment Co., Ltd. - Hangzhou Qitong Equity Investment Co., Ltd. - Hangzhou Qitong Equity Investment
Investment Partnership (Limited Partnership), a Partnership (Limited Partnership), a state-owned legal
state-owned legal person shareholder, holds 58,810,799 person shareholder, holds 58,810,799 shares, accounting
shares, accounting for 5.00% of the total share capital; for 5.01% of the total share capital; The number of
The number of domestically listed foreign shares (B domestically listed foreign shares (B shares) is 426,420,197
shares) is 426,482,909 shares, accounting for 36.30% of shares, accounting for 36.29% of the total share capital.
the total share capital.
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