公告日期：2025-07-09

Stock Code: 200771 Stock ID: Hangqilun B Announcement No.: 2025-76

Hangzhou Turbine Power Group Co., Ltd.

Announcement on the absorption and merger of the wholly-owned Subsidiaries
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 absorption merger
(1) Basic information

Zhejiang Steam Turbine Packaged Technology Development Co., Ltd. (hereinafter referred to as
"Packaged Tech Company"), a wholly-owned subsidiary of the Company, was established in 2001,
and its main business scope is to provide the Company with the design, manufacture and

supporting services of turbine instrumentation and control systems, and to undertake the business
of turbine technical transformation and complete sets of equipment. With the deepening of the

strategic layout of the Company's service business, as there are functional overlap and duplication
between the Packaged Tech Company and other subsidiaries of the Company in terms of the

business unis, the Company intends to absorb and merge the Packaged Tech Company in

accordance with legal procedures in order to improve the efficiency of resource allocation, avoid
duplication of investment, and continuously optimize the overall operation efficiency of the

Company.After the completion of the merger, the independent legal personality of the Packaged
Tech Company will be cancelled, and all its assets (including qualifications), creditor's rights,

debts and businesses will be inherited by the Company in accordance with the law.

(2) Whether it constitutes a major asset reorganization

The merger does not constitute a major asset restructuring.

(3) Whether it constitutes a related party transaction

The merger does not constitute a related transaction.

(4) Deliberation and……
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