Stock Code: 200771 Stock ID: Hangqilun B Announcement No. 2020-37
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.
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 May 31,2020,The Company brought back the 8,449,368 Company's shares for
the first time through a special securities trading account for shares repurchase,
and those shares account for about 1.12 % of the Company's total share capital, with
the highest transaction price is 8.52 HKD / share and the lowest transaction price
is 7.22 HKD / share and the total transaction amount is 67,086,628.75 HKD.
The company's repurchase is in compliance with the established repurchase plan
disclosed by the company and in accordance with the "Implementation Rules for the
Repurchase of Shares by Listed Companies on the Shenzhen Stock Exchange".
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.
June 3, 2020