Stock Code: 200771   Stock ID: Hangqilun B   Announcement No.: 2024-65




                             Hangzhou Turbine Power Group Co., Ltd.

Announcement on Alteration the Non-Independent Directors of the 9th Board of Directors



  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 Company held the 9th meeting of the Ninth Board of Directors, at which the

Proposal on Alteration the Non-Independent Directors of the 9th Board of Directors of the Company

was reviewed and approved. Due to personal reasons, Mr. Li Bo proposed to resign as a director of

the ninth board of directors of the Company. In accordance with the provisions of the Company Law

and the Articles of Association, in order to improve the corporate governance structure and ensure the

smooth development of the Company's business decision-making, based on the recommendation of

the controlling shareholder Hangzhou Qitong Energy Investment Partnership( LP). and approval by

the Nomination Committee of the Company's Board of Directors, the Board of Directors of the

Company nominated Mr. Wang Shaolong as a non-independent director candidate for the Ninth Board

of Directors of the Company. The term of office of directors shall be from the date of review and

approval at the 2024 Third provisional General Meeting of Shareholders to the expiration of the term

of office of the Ninth Board of Directors.

     This Alteration of directors still needs to be submitted to the 2024 third provisional General

Meeting of Shareholders for review. After approval by the shareholders' meeting, Mr. Wang

Shaolong will also serve as a member of the Audit Committee of the Ninth Board of Directors of the

Company. The resume of Mr. Wang Shaolong, the director candidate, is attached.




          The Board of Directors of Hangzhou Turbine Power Group Co., Ltd.
                                                                                    October 29,2024


                                                                                                    1
Attachment: Resumes of the director Candidate

     Wang Shaolong, born in April 1974, is a member of the Communist Party of China and a

master's student, with a bachelor's degree in engineering from Tsinghua University, and a master's

degree in business administration from Purdue University in the United States. Started working in

August 2000, he worked for several companies such as Electronic Arts, China HP, Accenture, Ernst

&Young and Deloitte. In September 2019, He joined China Guoxin Holdings Co., Ltd. Currently, he

is the Managing Director of the Asset Management Department of Guoxin Guotong (Hangzhou)

Equity Investment Co., Ltd. and the Managing Director of the Investment Department of

Comprehensive Reform Experimental (Hangzhou) Enterprise Management Co., Ltd.

     There is no related relationship with shareholders who hold more than 5% of the Company's

shares, actual controllers, other directors, supervisors and senior management personnel; does not

hold shares of the Company; not been punished by the China Securities Regulatory Commission and

other relevant departments or subject to disciplinary action by the stock exchange, and have not been

placed on file for investigation by judicial organs for suspected crimes or by the China Securities

Regulatory Commission for suspected violations of laws and regulations; not been publicized by the

China Securities Regulatory Commission on the securities and futures market information disclosure

platform for illegal and dishonest information, nor has been included in the list of defaulters subject

to enforcement by the people's court; a qualification that meets the requirements of relevant laws,

administrative regulations, departmental regulations, regulatory documents, the "Stock Listing

Rules" and other relevant regulations of the Exchange.




          The Board of Directors of Hangzhou Turbine Power Group Co., Ltd.
                                                                                     October 29,2024




                                                                                                     2