Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2025-130

Hangzhou Turbine Power Group Co. Ltd.Risk Warning Announcement Regarding the Possible Delisting of

Company Stock

The members of the Board and the Company acknowledge being responsible for the truthfulness

accuracy and completeness of the announcement. There are no false records misleading

statements or significant omissions in this announcement.Special Note:

1. Article 9.7.1 Paragraph 1 of the "Shenzhen Stock Exchange Stock Listing Rules" (hereinafter

referred to as the "Shenzhen Listing Rules") stipulates: "If a listed company falls under any of the

following circumstances it may apply to the Exchange for a voluntary delisting of its shares: ... (iv)

The company due to a newly established merger or an absorption-type merger no longer retains

independent legal status and is deregistered..." Hangzhou Turbine Power Group Co. Ltd.(hereinafter referred to as "HTC" or the "Company") has submitted an application for voluntary

delisting to the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") in accordance

with the aforesaid regulations and the SZSE has accepted it. If the SZSE decides to terminate the

listing of the Company's shares the Company's shares will be delisted.

2. Article 9.7.8 Paragraph 3 of the Shenzhen Stock Exchange Listing Rules stipulates: “After thecompany receives the Exchange's decision on whether to accept its application for delisting it

shall promptly disclose the relevant information about the decision and indicate the risk that itsstock may be delisted.” Therefore the Company shall disclose a risk warning announcement

about the possibility of its stock being delisted.Hangzhou Hirisun Technology Incorporated .(hereinafter referred to as "Hirisun") plans to

absorb and merge Hangzhou Turbine Power Group Co. Ltd. (hereinafter referred to as "HTC" or

the "Company") by issuing A-shares to all share exchange shareholders of HTC(hereinafter

referred to as the "Transaction"). The relevant matters of the Transaction have been approved at

1HTC's Second extraordinary general meeting of shareholders in 2025 and have obtained the

approval from the China Securities Regulatory Commission (hereinafter referred to as the "CSRC")

by the document "Approval of Registration for Hangzhou Hirisun Technology Incorporated. to

Absorb and Merge Hangzhou Turbine Power Group Co. Ltd." (No. 2141 [2025]CSRC Permit).According to Article 9.7.1 Paragraph 1 of the Shenzhen Stock Exchange Listing Rules “Alisted company may apply to the Exchange for the voluntary termination of the listing of its shares

under any of the following circumstances: ... (iv) The company ceases to have independent legalstatus and is deregistered due to a new establishment merger or an absorption merger...”According

to the current transaction plan this share exchange absorption merger will result in HTC no longer

having independent legal status and being deregistered which constitutes a situation in which an

application for termination of listing can be made according to the above provisions.In accordance with the Shenzhen Stock Exchange Listing Rules and other relevant business

regulations the Company submitted an application for the termination of its stock listing to the

Shenzhen Stock Exchange on November 26 2025 and received the 'Letter on Acceptance of

Hangzhou Turbine Power Group Co. Ltd.'s Application for Stock Delisting' (No.354 [2025]

Company Department Letter) from the Shenzhen Stock Exchange on December 22025.According to this letter the Shenzhen Stock Exchange has officially accepted the Company's

application for voluntary stock delisting.If the Shenzhen Stock Exchange decides to terminate the listing of the Company's stock the

Company will be delisted and its stock will be teminated from the exchange in accordance with

the Shenzhen Stock Exchange Listing Rules. Stocks of companies that voluntarily terminate their

listing will not enter the delisting arrangement trading period.This announcement is hereby made.The Board of Directors of Hangzhou Turbine Power Group Co. Ltd.December 32025

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