杭汽轮Ｂ(200771):杭州海联讯科技股份有限公司换股吸收合并本公司现金选择权派发公告(英文）
AnnouncementontheDistributionof CashOptioninRelationtotheShareSwapMergerofTheCompanybyHangzhouHirisunTechnologyIncorporated. ThemembersoftheBoardandtheCompanyacknowledgebeingresponsibleforthetruthfulness,accuracy,andcompletenessoftheannouncement.Therearenofalserecords,misleadingstatements,orsignificantomissionsinthisannouncement. SpecialReminder:AsthecurrenttradingpriceoftheCompany'ssharesishigherthanthecashoptionexerciseprice,exercisingthecashoptionmayresultinlossesforinvestors.Investorsareadvisedtoexercisecautionintheirdecision-making. ImportantNotes: 1.ThisshareswapmergerplanhasbeenconsideredandapprovedbyHangzhouSteamTurbineCo.,Ltd.(hereinafterreferredtoasHTC)atitsSecondtemporaryGeneralMeetingofShareholdersin2025convenedonJune6,2025,andreceivedtheapprovalforregistration(CSRCApproval[2025]No.2141)fromtheChinaSecuritiesRegulatoryCommissioninSeptember2025. 2.TofullyprotecttheinterestsofallshareholdersofHTC,thisshareswapmergerwillprovideacashoptiontothedissentingshareholdersofHTC,withHangzhouCapitalactingastheproviderofthecashoptionforthistransaction.AlldissentingshareholdersofHTCregisteredwithCSDCShenzhenBranchasofthecashoptionrecorddatemayexercisesuchoptionforallorpartoftheirshareholdingsinHTCduringthespecifiedcashoptionexerciseperiodinaccordancewiththeprovisionsofthisannouncement.Ifthedissentingshareholdersfailtosubmit,orsubmitaninvalid,exerciserequestduringthecashoptionexerciseperiod,theirshareholdingsinHTCwillbemandatorilyconvertedintoHirisunshares. 3.TheCompany'sstock(Stockcode:200771)wassuspendedfromtradingstartingNovember5,2025.Afterwards, HTC stock enter the stages of cash option distribution, exercise declaration, and exercise settlement,andwillnolongerbetraded.Uponcompletionofthecashoptionimplementation,theCompanywillapplytotheShenzhenStockExchangefortheterminationofitslisting.ThesharesheldbytheCompany'sshareholderswillbeconvertedintoHirisunsharesuponimplementationoftheshareswapandwillbelistedandtradedontheShenzhenStockExchange. 4.HTChasdistributedthecashoptionstodissentingshareholders.RegistereddissentingshareholdersofHTCmustmeetallthefollowingconditionssimultaneouslytoexercisethecashoption:1.Votedeffectivelyagainsttherelevantproposal(s)concerningtheMergerPlanandallsub-proposalsvotedonitem-by-item,andtherelevant proposal(s) concerning the execution of the Merger Agreement, at the General Meeting ofShareholdersforthisshareswapmerger;2.ContinuouslyheldthesharesrepresentingsuchdissentrightsfromtherecorddateofHTC'sGeneralMeetingofShareholdersapprovingthisshareswapmergeruntilthecashoption implementation date, remaining as effectively registered shareholders of HTC; 3. Successfully completedtherelevantapplicationproceduresduringthecashoptionexerciseperiod.Avalidapplicationmustbemadeduringthecashoptionexercisedateforanumberofsharesnotexceedingtheshareholdingamountasof the record date of HTC's General Meeting of Shareholders for approving this share swap merger.Shareholdersmeetingtheaboveconditionsareonlyentitledtoexercisethecashoptionforthesharesagainstwhichtheycastavaliddissentingvote.ThenumberofsharesforwhichadissentingshareholderisentitledtothecashoptionshallbedeterminedbasedonthedistributionresultsfromCSDCShenzhenBranch.Therulesforsecuritiesaccountsmarginedforsecuritiestradingofsecuritiescompaniesareconsistentwiththoseforordinarysecuritiesaccounts. 5.EligibledissentingshareholderswhohavereceivedthecashoptionmayexerciseitforallorpartoftheirsharesoftheCompanyatapriceofHKD7.54persharepublishedbyHTC.duringthedeclarationdate(TradingdaysbetweenNovember19,2025andNovember25,2025)from9:30–11:30inthemorningand13:00–15:00intheafternooncandeclareandexercisethecashoptioninaccordancewiththeCompany'sregulations,transferringtheirsharesoftheCompanytothecashoptionprovider,HangzhouCapital.Registereddissentingshareholdersholdingthefollowingsharesarenotentitledtoexercisethecashoptionfortheirshares:(1)SharesoftheCompanywithrestrictedrights,suchasthosesubjecttopledges,otherthird-partyrights,judicialfreeze,orothertransferrestrictionsunderlawsandregulations;(2)Sharesforwhichthelegitimateholderhasprovidedawrittenwaiverofthedissentingshareholder'scashoptiontotheCompany;(3)Othersharesthatarenoteligibleforcashoptionexerciseunderapplicablelaws.TheaforementionedsharesineligibleforthecashoptionwillbeconvertedintosharesissuedbyHirisunontheshareswapdateaccordingtotheshareswapratio. 6.Forthisexercising,thepremiumofHTC'sreferencesharepriceovertheagreedpriceofthecashoptionexceeds50%,inaccordancewiththe"ShenzhenStockExchangeListedCompanySelf-RegulationGuidelinesNo.1—BusinessHandling(2025Revision)".TheCompanywillimplementthecashoptionthroughamanualexercisemethod.Theexerciseandsettlementofthecashoptionwillbecompletedmanually.Forspecificoperationaldetailsregardingmanualexercise,pleasereferto"IV.MethodforExercisingtheCashOption"->"(1)ExerciseConfirmation"below. 7.AsofNovember4,2025(thelasttradingdayoftheCompany'sshare),theclosingpriceoftheCompany'sshareis13.30HKDpershare,representingapremiumof76.39%comparedtothecashoptionexerciseprice.Ifinvestorsexercisethecashoption,itmayresultincertainlosses.Pleasebeadvisedtocarefullyconsidertheinvestmentrisks. 8. This announcement is for informational purposes only regarding the specific arrangements for thedistributionofthecashoptiontotheCompany'sshareholdersandrelatedmattersconcerningitsexercise.Itdoesnotconstituteadviceregardingtheexerciseofthecashoption.Investorsareremindedtopayattentiontoinvestmentrisks. Fordetailedinformationregardingthisshareswapmergerplan,pleasereadthefulltextoftheReportontheShare Swap Merger of Hangzhou Turbine Power Group Co., Ltd. by Hangzhou Hirisun TechnologyIncorporatedandItsRelated-PartyTransaction(Draft)(RegistrationVersion)andtheAnnouncementonAnnualProfitDistributionpublishedbytheCompanyonSeptember12,2025,andJune14,2025,onthewebsites of the Shenzhen Stock Exchange (www.szse.cn) and CNINF (www.cninfo.com.cn), as well asrelevantdocuments,andpromptlyfollowsubsequentrelevantannouncementsissuedbytheCompany.I.Definitions Inthisannouncement,unlessotherwisespecified,thefollowingtermsshallhavethemeaningssetforthbelow:
HTCintendshasdistributedthecashoptiontodissentingshareholders.AlldissentingshareholdersofHTCregisteredwithCSDCShenzhenBranchduringthecashoptionexerciseperiodmayexercisesuchoptionforallorpartoftheirshareholdingsinHTCduringthespecifiedexerciseperiodinaccordancewiththeprovisionsofthisannouncement.Thetargetshareholderswhohaveobtainedthecashoptionandcompletethevaliddeclaration procedures during the declaration day during the declaration date (Trading days betweenNovember19,2025andNovember25,2025)from9:30–11:30inthemorningand13:00–15:00intheafternooncandeclareandexercisethecashoptioninaccordancewiththeCompany'sregulations.RegistereddissentingshareholdersofHTCmustmeetallthefollowingconditionssimultaneouslytoexercisethecashoption:1.Votedeffectivelyagainsttherelevantproposal(s)concerningtheMergerPlanandallsub-proposalsvotedonitem-by-item,andtherelevantproposal(s)concerningtheexecutionoftheMergerAgreement,attheGeneralMeetingofShareholdersforthisshareswapmerger;2.ContinuouslyheldthesharesrepresentingsuchdissentrightsfromtherecorddateofHTC'sGeneralMeetingofShareholdersapproving this share swap merger until the cash option implementation date, remaining as effectively registeredshareholdersofHTC;3.Successfullycompletedtherelevantapplicationproceduresduringthecashoptionexerciseperiod.AvalidapplicationmustbemadeduringthecashoptionexercisedateforanumberofsharesnotexceedingtheshareholdingamountasoftherecorddateofHTC'sGeneralMeetingofShareholdersforapprovingthisshareswapmerger.Shareholdersmeetingtheaboveconditionsareonlyentitledtoexercisethecashoptionforthesharesagainstwhichtheycastavaliddissentingvote.ThenumberofsharesforwhichadissentingshareholderisentitledtothecashoptionshallbedeterminedbasedonthedistributionresultsfromCSDC Shenzhen Branch. The rules for securities accounts margined for securities trading of securities companiesareconsistentwiththoseforordinarysecuritiesaccounts.RegisteredHTCdissentingshareholdersholdingthefollowingsharesarenotentitledtoexercisethecashoptionfortheirshares:1.HTCshareswithrestrictedrights,suchasthosesubjecttopledges,otherthird-partyrights,judicialfreeze,orothertransferrestrictions underlawsandregulations;2.SharesforwhichthelegitimateholderhasprovidedawrittenwaiverofHTCdissentingshareholder'scashoptiontoHTC;3.Othershares that are not eligible for cash option exercise under applicable laws. The aforementioned shares ineligibleforthecashoptionwillbeconvertedintosharesissuedbyHirisunontheshareswapimplementationdateaccordingtotheshareswapratio. Accordingtothetermsofthisshareswapmerger,dissentingshareholdersofHTCwhocompletethevalidapplicationproceduresduringthedeclarationdate(TradingdaysbetweenNovember19,2025andNovember25,2025)\from9:30–11:30inthemorningand13:00–15:00intheafternoonmayexercisethecashoptioninaccordancewiththeCompany'sprovisions. ForHTCsharesforwhichthecashoptionissuccessfullyexercised,HangzhouCapitalwillpaycashconsiderationtotheshareholdersexercisingtheoptionandwillacquirethecorrespondingshares.III.BasicTermsoftheCashOption (1)CodeandAbbreviationoftheCashOption Code:238006 Abbreviation:杭汽 HQP1 (2)UnderlyingSecurityoftheCashOption UnderlyingSecurityCode:200771 UnderlyingSecurityAbbreviation:HangqilunB (3)DistributionMethodoftheCashOption 1.Thecashoptionhasdistributedbasedonthesecuritiesaccountusedbythedissentingshareholderwhenvoting. 2.Ifadissentingshareholder'ssecuritiesaccountiscustodiedattwoormoretradingunits(securitiesfirmbranches)andholdssharesoftheCompanyasofthecashoptionrecorddate,thecashoptionwillbedistributedsequentiallybasedonthedescendingorderofthenumberofsharesheldateachtradingunitasofthecash option record date, untilthe actualnumberdistributed equals the number ofcash options theshareholderisentitledto. (4)DistributionRatioandQuantityoftheCashOption HTCshareholdersareentitledtoone(1)cashoptionforeach(1)shareheldthatiseligibleforthecashoption.Atotalof33,079,662cashoptionswillbedistributedthistime.Willnotbelistedfortrading. (6)ExerciseRatiooftheCashOption Theexerciseratiois1:1,meaningtheholderofone(1)cashoptionisentitledtosellone(1)shareoftheCompanytothecashoptionprovider. (7)ExercisePriceoftheCashOption TheexercisepricefortheHTCcashoptionisHKD7.54pershare. (8)ExerciseMethodfortheCashOption Amanualexercisemethodwillbeused. (9)ExercisePeriodfortheCashOption TradingdaysbetweenNovember19,2025andNovember25,2025(atotalof5tradingdays)from9:30AMto11:30AMand1:00PMto3:00PM (10)DisposalofUnexercisedRightsafterExpiry Anycashoptionnotexercisedupontheconclusionofthecashoptionexerciseperiodwillbevoid.IV.MethodforExercisingtheCashOption (1)ExerciseConfirmation 1.Duringthemanualexerciseperiodforthecashoption,shareholdersintendingtoexercisethecashoption shall complete and sign the Investor Manual Exercise Confirmation Form (the format will beannouncedseparately)(seeAppendixI). 2.ShareholdersintendingtoexercisethecashoptionshallsubmittheaforementionedConfirmationFormalongwiththefollowingsupportingdocuments:(1)Foroverseascorporateshareholders:Includingnotarizedvalidbusinessregistrationdocuments,copyofstockaccountcard,certificateofresponsiblepersonandcopyoftheresponsibleperson'svalididentificationdocument(allaffixedwiththecompanyseal).Iftheresponsiblepersonauthorizesanotherpersontohandlethematter, aPowerofAttorney(signed orstampedby theinstitution's responsible person and affixed with the institution's seal) and a copy of the authorized representative'svalididentificationdocumentmustalsobeprovided;(2)Fordomesticindividualshareholders:IncludingcopyofIDcard,copyofsecuritiesaccount;(3)Foroverseasindividualshareholders:CopyofvalidPowerofAttorneyandacopyoftheauthorizedrepresentative'svalididentificationdocumentmustalsobeprovided.TheaforementionedshareholdersmustalsosubmitproofofshareholdingasofafterthemarketcloseonNovember4,2025.ThecashoptionexerciseapplicationmaterialsmustbesubmittedtotheBoardofDirectorsoftheCompanyviaemailorpostalmailwithinthedesignatedexerciseperiod.Thetimeofreceiptfor submissions via email or postal mail must fall within the valid exercise period. Submissions with incompletedocumentationorincorrectinformationwillbedeemedinvalid.ApplicationmaterialssubmittedbyoverseasinvestorsshallbeinChinese.IfbothChineseandforeignlanguagetextsareprovided,theChinesetextshallprevail. (2)Pre-ExerciseConfirmations 1.Eligibleshareholdersmaychoosetoexercisethecashoptioninfullorinpart.2.Priortosubmittingthecashoptionexerciseapplication,entitledshareholdersshallconfirmthatthenumberofoptionstheyintendtoexercisedoesnotexceedthenumberofcashoptionrightsheldintheirsecuritiesaccount,andthatthereareasufficientnumberoftheCompany'ssharesinthesecuritiesaccount.Iftheholderoffrozenorpledgedsharesintendstoexercisethecashoption,thefreezeorpledgeshallbeliftedpriortoapplication.Ifanentitledshareholderappliestoexerciseanumberofcashoptionsgreaterthanthenumberofactuallyheldunfrozenandunpledgedsharesintheirsecuritiesaccountduringtheexerciseperiod,thevalidexercisequantityshallbethenumberofactuallyheldunfrozenandunpledgedshares;Ifthenumberappliedforislessthanorequaltothenumberofactuallyheldunfrozenandunpledgedshares,thevalidexercisequantityshallbethenumberofcashoptionsappliedfor. 3.Exceptforcompulsoryjudicialtransfer,sharesforwhichthecashoptionhasbeenexercisedcannotbetransferredfurtherorusedtoestablishpledgesorotherthird-partyrights.Ifsuchsharesaresubjecttoacompulsoryjudicialtransfer,theexercisedcashoptionforthesesharesbecomesinvalidfromthetimeofthejudicialtransfer. 4.Investorsholdingtheunderlyingsharesthroughmargintradingcreditsecuritiesaccountswhoneedtoexercisethecashoptionshalltransfersuchsharesfromtheircreditsecuritiesaccountstotheircorrespondingordinarysecuritiesaccountsnolaterthanthecashoptionrecorddate(thecashoptionwillbedistributedonlycreditedtotheinvestor'sordinarysecuritiesaccount.Investorsmayonlyexercisethecashoptionthroughtheirordinarysecuritiesaccountsduringtheexerciseperiod. 5.Investorswhohaveengagedinagreedrepurchase-stylesecuritiestransactionsandneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthetradingdayprecedingthecashoptionrecorddate. 6.Investorsparticipatinginsharepledge-stylerepurchasetransactionswhoneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthecashoptionrecorddate.7.Thecashoptionhasdistributedbasedonthesecuritiesaccountusedbytheapplicantforvoting.Ifacashoptionapplicantconductsactionssuchastransferofcustodybetweenthecashoptionrecorddateandtheendofthecashoptionexerciseperiod(specificdatestobeannouncedseparately),whichmayleadtoachangeinthecustodiantradingunit(securitiesfirmbranch)forthedissentingshareholder'ssecuritiesaccount,itmayprevent the dissenting shareholder from exercising the option. Therefore, dissenting shareholders are specificallyadvisedtoavoidsuchactionsduringthisperiod. (3)StockTradingDuringExercisePeriod TradingoftheCompany'sshareswillbesuspendedduringthecashoptionexerciseperiod.(4)SpecificSettlementProcessUponExercise Uponsuccessfulexercise,thecorrespondingnumberofcashoptionrightsandsharesoftheCompanywillbedeductedfromtheentitledshareholder'ssecuritiesaccount.Withintenbusinessdaysafterthesharesrelatedtothevalidlyexercisedcashoptionsaretransferredandregisteredunderthenameofthecashoptionprovider,thecashoptionproviderwillpaycashHKD7.54persharetotheaccountdesignatedbytherelevantentitledshareholder,whilewithholdingapplicabletaxesandfeesarisingfromthesharetransfer.(5)Anycashoptionsnotexercisedinanentitledshareholder'ssecuritiesaccountaftertheexpirationoftheexerciseperiodwillbevoid. (6)Fees Entitledshareholdersshallbearanycostsincurredinsubmittingorwithdrawingamanualexerciseapplicationforthecashoption.Relevanttaxesandfeesarisingfromtheexerciseofthecashoptionshallbepartiesinaccordancewiththeprovisionsofrelevantlaws,regulations,regulatoryauthorities,andsecuritiesregistrationandsettlementinstitutions.Iftherearenoclearprovisionsinlaws,regulations,byregulatoryauthorities,orsecuritiesregistrationandsettlementinstitutions,thepartiesshallresolvethematterthrough consultationwithreferencetomarketpractices. V.Third-PartyProvidingtheCashOptionandItsFulfillmentCapabilityThecashoptionproviderforHTCsharesinthistransactionisHangzhouCapital.HangzhouCapitalisthefirstmunicipal-levelstate-ownedcapitalinvestmentandoperatingplatforminHangzhou,whollyfundedbythestate,witharegisteredcapitalofRMB10billion.HangzhouCapitalmaintainsasoundcreditstatus,possessesstrongfinancingcapability,andhasthecapacitytofulfillitsobligations.VI.CashOptionDistributionandImplementationSchedule
Althoughthisshareswapmergerprovidesentitledshareholderswithacashoption,itdoesnotobligatethem to accept the exercise price in this announcement and tender their shares accordingly. Entitled shareholdersmaychoosetoeithersellthecorrespondingsharestoHangzhouCapitalatthepricestatedinthisannouncement,orconverttheirsharesintoHirisunsharesforlistingandtradingontheSZSE.VIII.ContactPersonandInformation ContactPerson:LiXiaoyang,WangCaihua OfficeAddress:No.1188DongxinRoad,GongshuDistrict,Hangzhou Postalcode:310022 Tel: 0571 85780438,(0571 85784795 （ ） ） Fax:(0571)85780433 Thisannouncementisherebymade. TheBoardofDirectorsofHangzhouTurbinePowerGroupCo.,Ltd. November13,2025 AppendixI InvestorManualExerciseConfirmationLetter HangzhouTurbinePowerGroupCo.,Ltd.： Applicant'sStatement:I/OurcompanyherebydeclarethatI/ourcompanyentrustHangzhouTurbinePowerGroupCo.,Ltd.(hereinafterreferredtoas‘HTC')tofiletheexerciseofthecashoptionundertheconditionofbeingfullyinformedoftherelevantcircumstancesregardingthecashoptionexercisefiling.I/Ourcompany (IDnumber/businesslicensenumber: ,Shenzhensecuritiesaccountnumber: , correspondenceaddress :)isashareholderofHTC.Inthematterof Hirisun'sshare-exchangemergeracquisitionofHTC,I/Ourcompany,asashareholderoftheacquiredpartyHTC,haveobtainedatotalof___shareholdercashoptions(rightcode:238006,rightname:杭汽HQP1). Accordingtoyourcompany'sannouncement13November,2025,titled‘AnnouncementontheDistributionofCashOptionintheShareExchangeAbsorptionMergerofHangzhouTurbinePowerGroupCo.,Ltd.byHangzhouHirisunTechnologyIncorporated.’,I/Ourcompanyherebyapplytoexercisethecashoptionrights(RightCode:238006,RightName:杭汽HQP1))heldinthecustodialunit(CustodialUnitName: ,CustodialUnitCode :)foraquantityof . Applicant'sIDnumber(orbusinesslicensenumber): Applicant'sname(signature/stamp): Applicant'saccount-openingbank: Applicant'spaymentaccountnumber: Contactphonenumber: Stamp(orfingerprint): Date:___________ 中财网
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