公告日期：2023-10-31

Stock Code: 200771 Stock ID:Hangqilun B Announcement No.: 2023-86

Hangzhou Turbine Power Group Co., Ltd.

Announcement on the Proposed Agreement to Transfer 30% Equity of

Automobile Sales Company and RelatedParty Transactions

The members of the Board and the Company acknowledge being responsible f or the truthfulness,
accuracy, and completeness of the announcement. Not any f alse reco rd, misleading statement or
significant omission carried in this announcement.

Special Tips：

1. The transfer constitutes a related party transaction and does not constitute a major asset
restructuring as stipulated in the Administrative Measures for the Restructuring of Major Assets of
Listed Companies.

2. This transaction has been reviewed and approved by the 3rd meeting of the 9th Board of
Directors of Hangzhou Turbine Power Group Co., Ltd (hereinafter referred to as "the Company"
or "the Listed Company "),s o this transaction need not be submitted to the General Meet ing of
Shareholders for delib eration. This transaction willbesubmitted to theCompany's General Meeting
of Shareholders for deliberation.

I. Transaction Overview

(1) In order to further improve its main business, the Company plans to transfer 30% equity of
Hangzhou TurbineAutomobile Sales & Service Co., Ltd. (hereinafter referred to as theAutomobile
Sales Company) by agreement, and the Transferee is Hangzhou Turbine Hold ings Co., Ltd.
(hereinafter referred to as theTurbine Hold ings ), thecontrolling shareholder of theCompany, with a
transaction priceof RMB 28.92 million.

(2)Turbine Hold ings is the controlling shareholder of the Company, and according to the
Rules for the Listing of Stocks on the Shenzhen Stock Exchange and other relevant regulat ions,
Turbine Holding is a related party of the Company, therefore this transaction constitutes a related
party transaction.

(3) The ProposedAgreement to Transfer 30% Equity ofAutomobile Sales Company an……
[点击查看PDF原文]

提示：本网不保证其真实性和客观性，一切有关该股的有效信息，以交易所的公告为准，敬请投资者注意风险。