Group 1: Company Overview - The company introduced its basic situation, including manufacturing capacity and technical strength in Linping [2] - The application fields and market performance of industrial steam turbine products were discussed, along with the development history of gas turbines and collaboration with Siemens [2] Group 2: Strategic Transformation - During the "14th Five-Year Plan" period, the company aims to maintain its market position in industrial turbines and fully enter the distributed gas turbine market [2] - The company plans to transition from a traditional manufacturing enterprise to a "service-oriented manufacturing" enterprise and from a traditional energy equipment supplier to an energy system solution provider [2] Group 3: Market Insights - The overseas gas turbine market is thriving due to strong demand from AI computing center construction, while domestic energy supply mainly relies on grid power [2] - The domestic gas turbine market demand primarily comes from distributed energy generation and cogeneration [2] Group 4: Gas Turbine Development Progress - In September 2025, the company signed a technical agreement for the first application demonstration project of the HGT51F gas turbine, with the main unit expected to be delivered by mid-2026 and operational by the end of 2026 [3] - The company will begin a new round of testing for the HGT51F gas turbine to enhance temperature field accuracy and operational stability [3] Group 5: Demonstration Project Status - In April 2025, the joint venture "Lianyungang Zhonghang Gas Turbine Technology Co., Ltd." was successfully registered with a capital of 100 million yuan [3] - As of November 2025, the demonstration project has achieved several milestone targets, including project filing and preliminary design [3] Group 6: Maintenance Business Expansion - The company's subsidiary, Zhejiang Runchuang Turbine Machinery Co., Ltd., focuses on independent maintenance and technical transformation of heavy and light gas turbines [3] - In 2025, the company secured over 100 million yuan in orders for gas turbine maintenance services, marking significant progress in business scope and depth [3]

New Stock Listings - Nant Technology (920124) listed at an issue price of 8.66 on November 27, 2025[1] - Tianpu Co., Ltd. (605255) is in the offer period from November 20 to December 19, 2025[1] - Jianglong Shipbuilding (300589) and Huasheng Lithium Battery (688353) reported significant abnormal fluctuations[1] Abnormal Fluctuations - Multiple companies including ST Wanfang (000638) and ST Dongyi (002713) have reported abnormal trading activities[2] - Companies such as ST Suwu (600200) and ST Yanshan (000608) are also under scrutiny for unusual market behavior[3]

浙江天册律师事务所 关于 杭州汽轮动力集团股份有限公司 终止上市的法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于杭州汽轮动力集团股份有限公司 终止上市的法律意见书 编号：【TCYJS2025H1784】号 致：杭州汽轮动力集团股份有限公司 本所接受贵公司的委托，在杭州海联讯科技股份有限公司（以下简称"海联 讯"）向杭州汽轮动力集团股份有限公司（以下简称"杭汽轮"）全体换股股东 发行 A 股股票换股吸收合并杭汽轮的交易行为（以下简称"本次换股吸收合并" 或"本次交易"）中，担任杭汽轮的专项法律顾问。 1、本所及经办律师依据本法律意见书出具日以前已经发生或者存在的事实， 严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证， 保证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意见合法、 准确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 2、杭汽轮已经确认其已提供了本所律师认为出具本法律意见书所必需的、 完整的、真实的、准确的原始 ...

中信建投证券股份有限公司 关于 杭州汽轮动力集团股份有限公司 主动终止上市 之 二〇二五年十一月 财务顾问意见 重要提示 杭州海联讯科技股份有限公司换股吸收合并杭州汽轮动力集团股份有限公 司相关事宜（以下简称"本次交易"）已获得中国证券监督管理委员会《关于同 意杭州海联讯科技股份有限公司吸收合并杭州汽轮动力集团股份有限公司注册 的批复》（证监许可〔2025〕2141 号）的注册批复。根据本次换股吸收合并方案， 杭汽轮符合《深圳证券交易所股票上市规则》规定的主动终止上市情形。 中信建投证券股份有限公司接受杭汽轮的委托，担任杭汽轮主动终止上市的 财务顾问，依照相关法律法规规定，按照行业公认的业务标准、道德规范，本着 诚实信用和勤勉尽责的原则，在审慎调查的基础上出具本财务顾问意见。杭汽轮 已经声明其所提供的资料真实、准确、完整，不存在任何虚假记载、误导性陈述 或重大遗漏，并承诺对所提供资料的合法性、真实性和完整性承担全部责任。 本财务顾问提请广大投资者认真阅读杭汽轮主动终止上市相关公告文件。 一、财务顾问声明 （一）本财务顾问与本次交易各方无任何关联关系。本财务顾问本着客观、 公正的原则对本次交易出具财务顾问意见。 ...

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 1 to 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 authoriz ...

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。 杭州海联讯科技股份有限公司（以下简称"海联讯"）向杭州汽 轮动力集团股份有限公司（以下简称"杭汽轮"或"公司"）全体换 股股东发行 A 股股票的方式换股吸收合并杭汽轮（以下简称"本次交 易"）相关事项已经杭汽轮 2025 年第二次临时股东会审议通过，并已 获得中国证券监督管理委员会（以下简称"中国证监会"）出具的《关 于同意杭州海联讯科技股份有限公司吸收合并杭州汽轮动力集团股 份有限公司注册的批复》（证监许可〔2025〕2141 号）。 根据本次合并的方案，海联讯向公司全体换股股东发行 A 股股票， 换股吸收合并公司。本次交易完成后，杭汽轮将不再具有独立主体资 格并将被注销，属于《深圳证券交易所股票上市规则》第 9.7.1 条第 一款第（四）项规定的"公司因新设合并或者吸收合并，不再具有独 立主体资格并被注销"，可以向深圳证券交易所（以下简称"深交所"） 申请主动终止上市的情形。公司已向深交所提交主动终止上市申请材 料。 公司独立财务顾问中信建投证券股份有限公司出具了《中信建投 证券股份有限公司关于杭州汽轮动力集 ...

Group 1 - The company announced the results of the cash option declaration related to the merger with Hangzhou Hailianxun Technology Co., Ltd. [1][2] - The cash option code is 238006, and the abbreviated name is Hangqi HQP1 [2] - Each dissenting shareholder of Hangzhou Qilun is entitled to one cash option for every share held [2] Group 2 - The declaration period for the cash option was from November 19 to November 25, 2025, during specific trading hours [2] - No dissenting shareholders submitted applications to exercise the cash option during the declaration period [2]

证券代码：200771 证券简称：杭汽轮B 公告编号：2025-127 杭州汽轮动力集团股份有限公司 关于现金选择权申报结果的公告 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。 杭州汽轮动力集团股份有限公司（以下简称"本公司"或"杭汽轮"） 已于 2025 年 11 月 13 日在深圳证券交易所网站（www.szse.cn）和巨潮资讯 网站（www.cninfo.com.cn）上刊登《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派发公告》，于 2025 年 11 月 14 日刊登《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公告》，并分别于 2025 年 11 月 19 日及 2025 年 11 月 25 日刊登《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》。 本次现金选择权的基本条款如下： 一、现金选择权的代码及简称 代码：238006 标的证券代码：200771 标的证券简称：杭汽轮 B 三、现金选择 ...

Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2025-127 Hangzhou Turbine Power Group Co., Ltd. Code: 238006 Announcement on the Results of the Cash Option Declaration 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 Turbine Power Group Co., Ltd. (hereinafter referred to as "the Company" or "HTC") publ ...

New Stock Listings - Hai'an Group (Stock Code: 001233) listed at an issue price of 48.00 on November 25, 2025[1] Rights Offerings - Tianpu Co., Ltd. (Stock Code: 605255) has a tender offer period from November 20 to December 19, 2025[1] - Hangzhou Automobile Group (Stock Code: 200771) has a cash option declaration period from November 19 to November 25, 2025[1] Abnormal Fluctuations - Huasheng Lithium Battery (Stock Code: 688353) reported severe abnormal fluctuations on November 21, 2025[1] - Multiple companies including ST Keli Da (Stock Code: 603828) and ST Yanzhong (Stock Code: 000609) have reported abnormal fluctuations on November 21, 2025[2][3] Recent Announcements - A total of 41 announcements related to various companies were made on November 20, 2025, indicating significant market activity[3] - Companies such as Moen Electric (Stock Code: 002451) and Rongji Software (Stock Code: 002474) also made announcements on November 21, 2025[3]