StockCode:200771  StockID:HangqilunB    AnnouncementNo.2019-04

                        HangzhouSteamTurbineCo.,Ltd.

        Announcementonamendingthearticlesofassociationofthecompany

          ThemembersoftheBoardandtheCompanyacknowledgebeingresponsibleforthe

    truthfulness,accuracy,andcompletenessoftheannouncement.Notanyfalserecord,misleading

    statementorsignificantomissioncarriedinthisannouncement.

        TheProposalofRevisingtheArticlesofAssociationoftheCompanywasconsideredand

    approvedatthe28thmeetingoftheseventhBoardofDirectorsofHangzhouSteamTurbineCo.,

    Ltd(hereinafterreferredtoas"theCompany")heldonJanuary8,2019,andtheProposalhasyet

    tobesubmittedtotheCompany'sfirstprovisionalshareholders’generalmeetingin2019for

    consideration.

        Accordingto"TheCompanyLawofthePeople'sRepublicofChina"revisedonOctober26,

    2018,andtherelevantprovisionsoftheChinaSecuritiesRegulatoryCommissionandShenzhen

    StockExchangeandotherrules,theCompany-inaccordancewiththeactualsituationofthe

    Company-carriedouttherevisionforpartoftheprovisionsandcontentsofthe"Articlesof

    AssociationoftheCompany",withtheamendmentsareasfollows:

  Originalcontents                                Revisedto

Article25.                                              Article25.

TheCompanymayrepurchasesharesissuedpreviously          TheCompanymayrepurchasesharesissuedpreviously

underfollowingcircumstances,butshallfollowingthe          underfollowingcircumstances,butshallfollowingthe

proceduresasprovidedbytheCompanyLaw,related            proceduresasprovidedbytheCompanyLaw,related

regulations,aswellasthiSARticlesofAssociation:              regulations,aswellasthiSARticlesofAssociation:

(I)      Reducingofregisteredcapital;                      （I）      Reducingofregisteredcapital;

(II)    Tomergewithanothercompanyholdingsharesofthe  (II)Tomergewithanothercompanyholdingsharesofthe
        Company;                                      Company;

(III)    Toawardbonussharestoemployeesofthe            (III)Usethesharesforemployeestockownershipplansor

        Company;

(IV)    WhenashareholderrequirestheCompanyto          equityincentives;

        repurchasetheshareshe/sheisholdingforhe/sheis  （IV）WhenashareholderrequirestheCompanyto

        holdingdissentopiniononanyresolutionsadoptedby

        theshareholders’meetingregardingmergerorsplitting          repurchasetheshareshe/sheisholdingforhe/sheis
        oftheCompany；                                        holdingdissentopiniononanyresolutionsadoptedby
                                                              theshareholders’meetingregardingmergerorsplitting
TheCompanyshallnottradetheCompany’sshares                    oftheCompany;


underanycircumstanceotherthantheabove.                (V)Usethesharesforconvertingintothestock-convertible

                                                      companybondsissuedbythelistedcompany;

                                                      (VI)NecesSARilyneededformaintainingtheCompany'svalue
                                                      andtheshareholders'rightsandinterests;

                                                      TheCompanyshallnottradetheCompany’sshares

                                                        underanycircumstanceotherthantheabove.

Article26.EntitiesmaypurchasetheCompany’ssharesbyone  Article26.EntitiesmaypurchasetheCompany’ssharesbyone
          ofthefollowingmeans:                                    ofthefollowingmeans:

          (I)Biddinginthestockexchange;                          (I)Biddinginthestockexchange;

          (II)Directoffer;                                          (II)Directoffer;

          (III)OthermeansasapprovedbyChinaSecurities            (III)OthermeansasapprovedbyChinaSecurities
          RegulatoryCommission.                                  RegulatoryCommission.

                                                      WheretheCompanypurchasesthesharesoftheCompanydue
                                                      tothecircumstancesprescribedinarticle25(III),(V)and(VI)
                                                      ofthearticlesofassociation,itshalldosothroughanopen

                                                      centralizedtradingmethod.

Article27.RepurchasesdonebymeansasdescribedinArticle  Article27.    Repurchasesdonebymeansasdescribedin
25(I)�C(III)shallbesubjecttotheapprovaloftheshareholders’  Article25(I)�C(II)shallbesubjecttotheapprovalofthe
generalmeeting.ThesharespurchaseduponArticle25(I)shall

                                                      shareholders’generalmeeting.WheretheCompanypurchases
bederegisteredin10dayssinceithasbeendone.Whereasupon
Article25(II)and(IV)shallbetransferredorderegisteredin6  thesharesoftheCompanyduetothecircumstancesprescribed
monthssinceitisdone.                                  inarticle25(III),(V)and(VI)ofthearticlesofassociation,it
AmountofsharesrepurchasedbytheCompanyunder  the      shalldosothroughanopencentralizedtradingmethod.Itshall
circumstancesdescribedinArticle25(III)shallnot  begreater
than5%oftotalcapitalsharestheCompanyhadissued.Fund    needaresolutionoftheboardmeetingwhichshallbeattendedusedtorepurchaseshallbepaidbyprofitoftheCompanyafter  bymorethantwothirdsofthedirectors.

tax,andthesharesrepurchasedshallbetransferredto              ThesharespurchaseduponArticle25(I)shallbe
  employeeswithinoneyear.                              deregisteredin10ayssinceithasbeendone.Whereasupon
                                                      Article25(II)and（IV）shallbetransferredorderegisteredin6
                                                      monthssinceitisdone.WhereasuponArticle25(III),(V)and
                                                      (VI),ThetotalnumberofsharesoftheCompanyheldbythe
                                                      Companyshallnotexceed10%ofthetotalissuedsharesofthe
                                                      Companyandshallbetransferredorwrittenoffwithinthree
                                                      years.

Article47.Shareholders’Meetingisthedecision              Article47.Shareholders’Meetingisthedecision

makingbodywiththefollowingpowers:                      makingbodywiththefollowingpowers:

(I)Todecidetheexternalbusinessstrategyandinvestment  (I)Todecidetheexternalbusinessstrategyandinvestment
projects.                                                projects.

...                                                    ...

(XVIII)                                                (XVIII)TheacquisitionplanofthesharesoftheCompany

Toexamineotherissuesasstipulatedbythe  laws,regulations,
documents,orthiSARticlesofAssociationtobedecidedbythe    shallbeconsideredandapprovedinaccordancewiththe
Shareholders’Meeting.
TheabovepowersoftheShareholders’Meetingshallnotbe  circumstancesstipulatedinitems(1)and(II)ofArticle25ofauthorizedtotheBoardoranyotherorganizationsorindividuals.

                                                      theseArticlesofAssociation;

                                                      (XIX)

                                                      Toexamineotherissuesasstipulatedbythelaws,regulations,
                                                      documents,orthiSARticlesofAssociationtobedecidedbythe
                                                      Shareholders’Meeting.

                                                      TheabovepowersoftheShareholders’Meetingshallnotbe
                                                      authorizedtotheBoardoranyotherorganizationsorindividuals.
Article114.TheBoardofDirectorSAReentitledthefollowing  Article114.TheBoardofDirectorSAReentitledthefollowing
          powers:                                                powers:

(I)      ToconvenetheShareholders’Meetingandreporttothe  (I)      ToconvenetheShareholders’Meetingandreporttothe
        Shareholders’Meeting.                                    Shareholders’Meeting.

...                                                    ...

(VII)Toproduceplansregardingmajoracquisition,            (VII)ToformulateaplanfortheCompanytoacquiresharesof
repurchasingoftheCompany’sstocks,merging,

separation,dismissingoftheCompany,orchangingof          thecompanyduetotheconditionsstipulatedinitems(1)and
theCompany’sorganizationform.                          (II)ofArticle25oftheArticlesofAssociation;

(VIII)UnderauthorizationoftheShareholders’                (VIII)tomakearesolutionontheacquisitionofsharesofthe
Meeting,todecideuponissuessuchasexternal

                                                      CompanybytheCompanyduetotheconditionsstipulatedin
investment,purchasingofassets,pledgingofassets,

externalguaranteeissues,outsourcedfinancing,and            items(III),(V)and(VI)ofArticle25oftheArticlesof

relatedtransactions.                                      Association;

...                                                    ...

(XVI)Toexecuteotherdutiesassignedbythelaws,

administrativerules,departmentregulationsandthe            (XVIII)Toexecuteotherdutiesassignedbythelaws,

ArticlesofAssociation.                                    administrativerules,departmentregulationsandthe

                                                        ArticlesofAssociation.

        Thisannouncementisherebymade.

                                  TheBoardofDirectorsofHangzhouSteamTurbineCo.,Ltd.

                                                                      January9，2019