Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2025-128

Hangzhou Turbine Power Group Co. Ltd.Announcement on the Application to Terminate Listing on the

Shenzhen Stock Exchange

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.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

HTC'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 Registrationfor Hangzhou Hirisun Technology Incorporated. to

Absorb and Merge Hangzhou Turbine Power Group Co. Ltd." (No. 2141 [2025]CSRC Permit).According to the plan for this merger Hirisun will issue A-shares to all the Company's

shareholders in exchange for their shares absorbing and merging the Company. Upon completion

of the Transaction HTC will no longer have independent legal status and will be deregistered

which falls under the circumstances specified in Article 9.7.1 Paragraph 1 Item (4) of the

Shenzhen Stock Exchange Listing Rules namely 'a company ceases to have independent legal

status and is deregistered due to a newly established merger or an absorption merger.' The

Company has submitted the application documents to the Shenzhen Stock Exchange (hereinafter

referred to as the 'SZSE') for voluntary delisting.The Company's independent financial advisor China Securities Co. Ltd. issued the "China

Securities Co. Ltd. Financial Advisor Opinion on the Voluntary Termination of Listing of

Hangzhou Turbine Power Group Co. Ltd." stating: "HTC voluntarily terminating its listing due

1to this Transaction complies with the 'Shenzhen Stock Exchange Listing Rules' and other relevant

laws regulations and normative documents. The voluntary termination of listing and this merger

have obtained the approvals and authorizations required at the current stage according to relevant

laws. HTC has fully disclosed the reason for terminating the listing and the arrangement for the

disposition of shares after termination and has made special arrangements for cash options for

dissenting shareholders. The voluntary termination of listing is beneficial to protecting the

interests of all shareholders."

The Company's legal advisor Zhejiang T & C Law Firm has issued the "Legal Opinion of

T&C Law Firm on the Termination of Listing of Hangzhou Turbine Power Group Co. Ltd."

stating that "1. HTC's termination of listing due to this share exchange absorption merger complies

with the circumstances under which an application to voluntarily terminate listing can be made

according to the Listing Rules; 2. As of the date of issuance of this legal opinion the Transaction

has obtained the authorizations and approvals required at the current stage and such approvals and

authorizations are legal and valid; HTC's voluntary termination of listing due to this share

exchange absorption merger still requires approval from the Shenzhen Stock Exchange."

The Company will publish related announcements after the Shenzhen Stock Exchange

accepts the Company's application for voluntary delisting of its shares and will publish related

delisting announcements after the Shenzhen Stock Exchange approves the Company's application

for voluntary delisting. Investors are advised to pay attention to the Company's subsequent related

announcements.This announcement is hereby made.The Board of Directors of Hangzhou Turbine Power Group Co. Ltd.November 272025

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