New Stock Issuance - China Uranium Industry (Stock Code: 001280) issued shares at a price of 17.89[1] - Dapeng Industrial (Stock Code: 920091) issued shares at a price of 9.00[1] Rights Issues and Announcements - Tianpu Co., Ltd. (Stock Code: 605255) has a tender offer period from November 20, 2025, to December 19, 2025[1] - Hangzhou Steam Turbine Co., Ltd. (Stock Code: 200771) has a cash option declaration period from November 19, 2025, to November 25, 2025[1] Stock Performance and Alerts - Huasheng Lithium Battery (Stock Code: 688353) reported severe abnormal fluctuations[1] - ST Yuan Cheng (Stock Code: 603388) and ST Ke Li Da (Stock Code: 603828) both reported stock prices of 4 and 3 respectively[1] Other Notable Announcements - Guqi Wool Material (Stock Code: 001390) announced a stock price of 16[1] - ST Zhong Di (Stock Code: 000609) reported a stock price of 0[1]

Group 1: New Stock Offerings - Tianpu Co., Ltd. (Stock Code: 605255) has a tender offer period from November 20, 2025, to December 19, 2025[1] - Hangzhou Steam Turbine Co., Ltd. (Stock Code: 200771) has a cash option declaration period from November 19, 2025, to November 25, 2025[1] - Central Plaza (Stock Code: 600280) announced on November 20, 2025[1] Group 2: Stock Performance Alerts - Moen Electric (Stock Code: 002451) reported severe abnormal fluctuations on November 14, 2025[1] - ST Yuancheng (Stock Code: 603388) reported severe abnormal fluctuations on November 11, 2025[1] - ST Keli Da (Stock Code: 603828) reported severe abnormal fluctuations on November 12, 2025[1] Group 3: Recent Announcements - Jiumuwang (Stock Code: 601566) announced on November 20, 2025[1] - Taiping Bird (Stock Code: 603877) announced on November 20, 2025[1] - Huaci Co., Ltd. (Stock Code: 001216) announced on November 20, 2025[1]

New Stock Offerings - Tianpu Co., Ltd. (605255) has a tender offer period from November 20, 2025, to December 19, 2025[1] - Hangzhou Steam Turbine Co., Ltd. (200771) has a cash option declaration period from November 19, 2025, to November 25, 2025[1] - Hailianxun (300277) and Antai Group (600408) have recent announcements regarding their stock activities[1] Market Volatility - Moen Electric (002451) reported severe abnormal fluctuations with a change of 4%[1] - ST Yuancheng (603388) and ST Keli Da (603828) also reported significant fluctuations of 4% and 3% respectively[1] - ST Jianyi (002789) and Huaxia Happiness (600340) both experienced fluctuations of 7%[1] Recent Announcements - Various companies including Longzhou Co., Ltd. (002682) and Jinyuan Co., Ltd. (000546) have made announcements with fluctuations of 2% and 8% respectively[1] - The stock of Kangzhi Pharmaceutical (300086) showed a significant fluctuation of 85%[1] - Other companies like ST Yangguang (000608) and ST Jieneng (000820) reported fluctuations of 5% and 3% respectively[1]

证券代码：200771 证券简称：杭汽轮B 公告编号：2025-125 杭州汽轮动力集团股份有限公司 关于杭州海联讯科技股份有限公司 换股吸收合并本公司现金选择权实施的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示：由于本公司股票目前交易价格高于现金选择权行权价格，投 资者行使现金选择权将可能导致亏损，敬请投资者谨慎决策。 重要提示： 1、本公司股票（证券代码：200771）自 2025 年 11 月 5 日开始连续停牌， 此后进入现金选择权派发、行权申报、行权清算交收阶段，不再交易。现金 选择权实施完毕后，本公司将向深交所申请终止上市，本公司股东所持股份 将在实施换股后，转换成海联讯股份在深交所上市及挂牌交易。 2、本公司已向现金选择权最后交易日收市后登记在册的异议股东派发 现金选择权，本次共计派发 33,079,662 份现金选择权。 3、获得现金选择权的异议股东可在申报日（2025 年 11 月 19 日-2025 年 11 月 25 日之间的交易日）上午 9:30-11:30，下午 13:00-15:00 内以其所持有 的本公司股 ...

Investment Rating - The report does not provide a specific investment rating for the industry or companies mentioned [1]. Core Insights - The report highlights several new stock listings and trading activities scheduled for November 18, 2025, including companies such as Jingchuang Electric (12.10), Beikang Testing (6.70), and Nanguang Digital (5.69) [1]. - It also mentions various corporate actions such as tender offers, cash options, and acquisition requests, indicating active market movements [1]. Summary by Relevant Sections - **New Stock Listings**: Companies like Jingchuang Electric, Beikang Testing, and Nanguang Digital are set to debut on the market with respective prices of 12.10, 6.70, and 5.69 [1]. - **Corporate Actions**: The report details several corporate actions including a tender offer for Tianpu Co. (605255) from November 20 to December 19, 2025, and cash options for Hangqi Wheel B (200771) from November 19 to November 25, 2025 [1]. - **Market Alerts**: It lists companies experiencing significant fluctuations, such as Moen Electric (002451) and Huasheng Lithium Battery (688353), indicating potential investment risks and opportunities [1].

New Stock Issuance - Hai'an Group (Stock Code: 001233) issued at a price of 48.00 on November 14, 2025[1] - Hangzhou Qilun B (Stock Code: 200771) has a cash option declaration period from November 19 to November 25, 2025[1] - Hailianxun (Stock Code: 300277) has a buyback request declaration period from November 12 to November 18, 2025[1] Market Alerts - Pingming Technology (Stock Code: 688109) reported severe abnormal fluctuations on November 13, 2025[1] - ST Yuancheng (Stock Code: 603388) and ST Zhongzhu (Stock Code: 600568) also reported abnormal fluctuations on November 11, 2025[1] - ST Green Kang (Stock Code: 002868) and Dongbai Group (Stock Code: 600693) reported abnormal fluctuations on November 14, 2025[1] Additional Information - Multiple companies including ST Meigu (Stock Code: 000615) and ST Xiangyu (Stock Code: 600107) have ongoing announcements related to stock performance and market conditions[1][2] - The report includes links to detailed announcements for each stock, providing transparency and access to further information for investors[1]

New Stock Issuance - Cash option declaration period for Hangzhou Steam Turbine (200771) is from November 19 to November 25, 2025[1] - Acquisition request period for Hailianxun (300277) is from November 12 to November 18, 2025[1] Trading Alerts - Severe abnormal fluctuation reported for Haike Xinyuan (301292) on November 11, 2025[1] - Abnormal fluctuation noted for ST Yuancheng (603388) on November 11, 2025[1] Company Announcements - Announcement for Tianji Co., Ltd. (002759) on November 13, 2025[1] - Announcement for Huatong Technology (688109) on November 13, 2025[1] Other Notable Events - ST Meigu (000615) reported on November 13, 2025[1] - ST Zhongdi (000609) reported on November 13, 2025[1]

Core Points - The announcement details the cash option distribution for dissenting shareholders of Hangzhou Steam Turbine Power Group Co., Ltd. (杭汽轮) in relation to its merger with Hangzhou Hailianxun Technology Co., Ltd. [2][6][27] - The cash option allows dissenting shareholders to choose cash compensation instead of shares in the merged entity, with a specified exercise price of 7.54 HKD per share [4][15][26] - The stock of Hangzhou Steam Turbine will be suspended from trading starting November 5, 2025, and will enter the cash option distribution and exercise phase [2][5][26] Summary by Sections Merger Approval and Cash Option - The merger plan was approved at the second extraordinary general meeting of shareholders on June 6, 2025, and received regulatory approval on September 2025 [2][3] - Dissenting shareholders will be provided with a cash option to protect their interests, with Hangzhou Capital acting as the cash option provider [2][3][26] Cash Option Eligibility and Conditions - Eligible dissenting shareholders must have voted against the merger and held their shares continuously until the cash option implementation date [3][8] - The cash option will be distributed based on the number of shares held, with a total of 33,079,662 cash options to be issued [12][26] Cash Option Exercise Details - The cash option can be exercised between November 19 and November 25, 2025, during specified trading hours [4][17] - The closing price of Hangzhou Steam Turbine's stock on November 4, 2025, was 13.30 HKD, representing a 76.39% premium over the cash option exercise price [5][6] Cash Option Processing and Settlement - The cash option exercise will be conducted manually, and shareholders must submit the required documentation during the exercise period [19][20] - After successful exercise, the cash option provider will pay the cash compensation within 10 working days [23][26] Company and Financial Stability - Hangzhou Capital, the cash option provider, is a state-owned investment platform with a registered capital of 10 billion CNY, indicating strong financial capability [26][27]

Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2025-123 Hangzhou Turbine Power Group Co., Ltd. Announcement on the Distribution of Cash Option in Relation to the Share Swap Merger of The Company by Hangzhou Hirisun Technology Incorporated. 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 Reminder: As t ...

2、为充分保护杭汽轮全体股东的利益，本次换股吸收合并将向杭汽轮 异议股东提供现金选择权，并由杭州资本担任本次交易现金选择权的提供方。 于现金选择权股权登记日在中国结算深圳分公司登记在册的异议股东均可按 本公告的规定在现金选择权申报期间对其所持有的全部或部分杭汽轮股票申 报行使现金选择权。若异议股东在现金选择权申报期间未申报或未有效申报 行使现金选择权，则其所持杭汽轮股票将强制转换为海联讯股票。 3、本公司股票（股票代码：200771）自 2025 年 11 月 5 日开始连续停牌， 此后进入现金选择权派发、行权申报、行权清算交收阶段，不再交易。现金 选择权实施完毕后，本公司将向深交所申请终止上市，本公司股东所持股份 将在实施换股后，转换成海联讯股份在深交所上市及挂牌交易。 4、杭汽轮已向异议股东派发现金选择权。登记在册的杭汽轮异议股东 行使现金选择权需同时满足以下条件：1、在本次换股吸收合并的股东会上 就关于本次合并方案的相关议案及逐项表决的各项子议案、就关于签订本次 合并协议的相关议案表决时均投出有效反对票；2、自杭汽轮审议本次换股 吸收合并的股东会的股权登记日起，作为有效登记在册的杭汽轮股东，持续 持有代 ...