Stock Code: 200771          Stock ID: Hangqilun B         Announcement No.: 2024-74


                             Hangzhou Turbine Power Group Co., Ltd.
     Announcement on the progress of planning for major asset restructuring and
                                      suspension of share trading


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.




     Hangzhou Turbine Power Group Co., Ltd. and Hangzhou Hailianxun Technology Co., Ltd. (hereinafter

referred to as "Hailianxun") are planning to absorb and merge Hangzhou Turbine through the issuance of A

shares by Hailianxun to all shareholders of Turbine (hereinafter referred to as the "Transaction"). The merger

constitutes a related transaction of the Company，and this transaction will not lead to a change in the actual

controller of the Company.


     As this merger is still in the planning stage and there are uncertainties, in order to ensure fair information

disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the Company's stock price,

after applying to the Shenzhen Stock Exchange, the Company's shares will be suspended from the opening of

the market on October 28, 2024 (Monday), and the suspension time is expected to be no more than 10 trading

days. For details, please refer to the "Announcement of Hangzhou Turbine Power Group Co., Ltd. on Planning

of Major Asset Restructuring and Suspension of Share Trading" disclosed by the Company on the website of

the Shenzhen Stock Exchange and the designated information disclosure media on October 28,

2024(Announcement No.:2024-58).


     As of the date of disclosure of this announcement, the Company and the relevant parties are actively

organizing and promoting the relevant work of this transaction in accordance with the "Measures for the

Administration of Material Asset Restructuring of Listed Companies" and other relevant regulations. In order

to safeguard the interests of investors and avoid abnormal fluctuations in the Company's stock price, the

Company's shares continue to be suspended in accordance with the relevant regulations of the Shenzhen Stock


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Exchange. At present, the Company is preparing a major asset restructuring plan in accordance with the

relevant provisions of the China Securities Regulatory Commission's "Guidelines for the Content and Format

of Information Disclosure of Companies Offering Securities to the Public No. 26 - Material Asset

Restructuring of Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies on the

Shenzhen Stock Exchange No. 8 - Material Asset Restructuring", and the Company is expected to disclose the

material asset restructuring plan approved by the board of directors and apply for resumption of trading before

the expiration of the suspension period.


     The specific plan of this transaction is still under negotiation and demonstration, and the parties to the

transaction have not yet signed a formal transaction agreement. The transaction is subject to the necessary

internal decision-making procedures and the approval of the competent regulatory authorities before it can be

formally implemented, whether the transaction can obtain the aforesaid approval and the time of final approval

are uncertain, and the relevant information is subject to the announcement issued by the Company's designated

information disclosure media. Please pay attention to the follow-up announcement and pay attention to the

investment risks.




     This announcement is hereby made.



 The Board of Directors of Hangzhou Turbine Power Group Co., Ltd.
                           November 2, 2024




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