公告日期:2019-04-27
StockCode:200771 StockID:HangqilunBAnnouncementNo.2019-39
HangzhouSteamTurbineCo.,Ltd.
Announcementontheprogressofreceivingcompensationforrelocation
ThemembersoftheBoardandtheCompanyacknowledgebeingresponsibleforthetruthfulness,accuracy,andcompletenessoftheannouncement.Notanyfalserecord,misleadingstatementorsignificantomissioncarriedinthisannouncement.
TheCompanysignedthe“CompensationAgreementfortheRelocationofNon-residentialHousesonState-ownedLand”withHangzhouXiachengUrbanConstructionInvestmentDevelopmentGroupCo.,Ltd.TheCompanyreceivedatotalofRMB1,299,324,850forthecompensationforrelocation.Fordetails,pleaserefertotheAnnouncementoftheprogressoftherelocationprojectonAugust6,2018(AnnouncementNo.:2018-57).
TheCompanyrecentlyreceivedacompensationofRMB313,765,797.52fortherelocation,andithasreceivedatotalofcompensationofRMB620,559,021.76forrelocationasoftheannouncementdate.
TheCompanyshallhandlethecompensationforlandrequisitionandrelocationasaspecialpayableinaccordancewiththeprovisionsofthe“No.3AccountingStandardsforBusinessEnterprisesInterpretation”andthe“No.16AccountingStandardsforBusinessEnterprises—GovernmentSubsidies”bytheMinistryofFinance.Theaboveamountisnotexpectedtohaveasignificantimpactontheprofitandlossof2019.Andthefinalaccountingtreatmentshallbesubjecttotheannualauditopinionoftheaccountingfirm.
Thecompanywillalsocontinuetopayattentiontotheprogressoftherelocationworkandfulfillits
obligationofinformationdisclosureinatimelymanner.Investorsareadvisedtopayattentiontoinvestmentrisks.
Thisannouncementisherebymade.
TheBoardofDirectorsofHangzhouSteamTurbineCo.,Ltd.
April27,2019
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