杭汽轮B:回购股份实施进展公告(英文版)

时间:2020年11月03日 16:50:38 中财网
原标题:杭汽轮B:关于回购股份实施进展公告(英文版)


Stock Code: 200771 Stock ID: Hangqilun B Announcement No. :2020-66



Hangzhou Steam Turbine Co., Ltd.

Announcement on the progress of the implementation of share repurchase



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 Steam Turbine Co., Ltd. held the second Provisional shareholders' general meeting of
2019 on December 10, 2019, in which the "Proposal on the share repurchase of the Company’s
Shares" was reviewed and approved. On December 10,2020.

According to the relevant provisions of the Implementation Rules of the Shenzhen Stock
Exchange on the share repurchase by Listed Companies, During the implementation of the
repurchase, the company shall disclose the progress of the repurchase as of the end of last month
within the first three trading days of each month. The progress of the company's share repurchase
is announced as follows:

As of October 31,2020,The Company brought back the17,793,620 Company's shares for the first
time through a special securities trading account for shares repurchase, and those shares account
for about 2.36% of the Company's total share capital, with the highest transaction price is 9.17
HKD / share and the lowest transaction price is 7.22HKD / share and the total transaction amount
is 141,044,964.7HKD.

The company's repurchase is in compliance with the established repurchase plan disclosed by the
company, The time for the Company to repurchase the shares, the number of repurchased shares,
and the entrusted time period for centralized bidding transactions are all in line with the "Implementation Rules for Listed Companies on the Shenzhen Stock Exchange to Repurchase Shares":


1. Does not repurchase the Company’s shares within the following period:
(1) Within 10 trading days prior to the Company’s periodic report, performance forecast or performance announcement;
(2) Within 2 trading days after the legal disclosure from the date of the occurrence of a major event that may have a significant impact on the Company’s stock trading price or during the decision-
making process,
(3) Other circumstances specified by the China Securities Regulatory Commission and the Shenzhen Stock Exchange.
2. Since the date when the Company implements the share repurchase, the number of shares repurchased by the Company every five trading days has not exceeded one million shares.
3. No entrustment of share repurchase was made during the following trading hours:
(1) Open call auction;
(2) Within half an hour before closing;
(3) Where there is no limit on the rise or fall of stock prices.
4. The price of the Company’s repurchased shares does not reach the price limit for the trading increase of the Company’s shares on the day.

The Company will continue to implement this repurchase plan during the repurchase
implementation period according to market conditions, and will promptly perform its information
disclosure obligations in accordance with the relevant laws, regulations and regulatory documents.
Hereby, Investors are kindly requested to pay attention to investment risks.



This announcement is hereby made.



The Board of Directors of Hangzhou Steam Turbine Co., Ltd.



November 3,2020






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