公告日期：2025-06-14

Stock Code: 200771 Stock ID: Hangqilun B Announcement No. :2025-71
Hangzhou Turbine Power Group Co., Ltd.

Announcement on the adjustment of the share exchange price for the absorption
merger after the implementation of the 2024 annual equity distribution

The members of the Board and the Company acknowledge being responsible for the
truthfulness, accuracy, and completeness of the announcement. There are no false records,
misleading statements, or significant omissions in this announcement.

I. Overview of the share exchange and absorption merger

Hangzhou Hirisun Technology Incorporated (hereinafter referred to as "Hirisun") intends to
absorb and merge Hangzhou Turbine by issuing A shares (hereinafter referred to as the
"transaction" or "the share exchange and absorption merger") to all shareholders of Hangzhou
Turbine Power Group Co., Ltd.(hereinafter referred to as the "Company" or "HTC").The share
exchange and absorption merger plan has been deliberated and approved by the second extraordinary
shareholders' general meeting of HTC in 2025 and the first extraordinary shareholders' general
meeting of Hirisun in 2025.

According to the merger plan, the pricing benchmark date of the merger is the announcement
date of the first board resolution of the two parties. If either of the two parties to the merger has cash
dividends, stock dividends, capital reserve conversion to share capital, allotment and other ex-rights
and dividends from the pricing reference date to the share exchange date (both dates inclusive), the
share price of the exchange, the share exchange ratio, the price of the acquisition request of the

dissenting shareholders of Hirisun, and the cash option price of the dissenting shareholders of HTC
will be adjusted accordingly.

II. HTC and Hirisun's 2024 annual profit distribution plan and implementation

The profit distribution plan of HTC for 2024 has been reviewed and appro……
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