Core Viewpoint - The company plans to absorb and merge with Hangzhou Turbine Power Group Co., Ltd. through a share exchange by issuing A-shares to all shareholders of Hangzhou Turbine [1] Group 1 - The company received approval from the China Securities Regulatory Commission for the merger on September 26, 2025 [1]

Core Points - The core viewpoint of the article is that Hailianxun has received approval from the China Securities Regulatory Commission (CSRC) for its merger with Hangzhou Qilun Power Group, which involves the issuance of 1.175 billion new shares [1] Group 1 - Hailianxun announced the receipt of a CSRC approval for the absorption merger with Hangzhou Qilun Power Group [1] - The approval allows Hailianxun to issue an additional 1.175 billion shares for the merger, with a validity period of 12 months [1] - The company is required to strictly follow the application documents submitted to the Shenzhen Stock Exchange and fulfill its information disclosure obligations in a timely manner [1]

Group 1 - The core point of the news is that Hailianxun has received approval from the CSRC to absorb and merge Hangqilun through the issuance of 1,174,904,765 new shares, which is valid for 12 months from the date of issuance [1] - Hailianxun primarily engages in power information construction and provides related technical and consulting services, while Hangqilun specializes in designing and manufacturing industrial turbines and gas turbines [1] - After the merger, the surviving company will inherit all assets, liabilities, businesses, personnel, contracts, and other rights and obligations of Hangqilun, forming a business structure focused on industrial turbine machinery with supplementary power information services [1] Group 2 - CITIC Securities views this transaction as a rare "A absorbs B" case and the first instance of a listed company absorbing and merging another listed company, reflecting strong support from the "Six Merger Guidelines" for integration among listed companies [2] - The merger will create a business structure where industrial turbine machinery is the main focus, complemented by power information system integration, enhancing the core competitiveness and sustainable profitability of the surviving company [2] - The "Six Merger Guidelines" aim to facilitate the integration of capital and technology towards high-quality enterprises and innovative sectors, promoting resource flow and supporting the real economy [2] Group 3 - The restructuring of Hangqilun and Hailianxun through a share swap is a significant step in implementing the central government's reform directives, aimed at improving the industrial layout of state-owned listed companies and enhancing asset quality and operational efficiency [3] - This transaction responds positively to the encouragement from the State Council and the CSRC for mergers and acquisitions, enhancing the investment value of listed companies by improving asset quality and operational efficiency [3] - Over the past year, the "Six Merger Guidelines" have invigorated the merger and acquisition market, establishing the capital market as a primary channel for corporate mergers and acquisitions, particularly in technology innovation and new productive forces [3]

证券代码：200771 证券简称：杭汽轮 B 公告编号：2025-92 六、你们在实施过程中，如发生法律、法规要求披露的重大事项 或遇重大问题，应当及时报告深圳证券交易所并按有关规定处理。" "一、同意杭州海联讯科技股份有限公司以新增 1,174,904,765 股股份吸收合并杭州汽轮动力集团股份有限公司的注册申请。 二、你们本次吸收合并应当严格按照报送深圳证券交易所的有关 申请文件进行。 三、你们应当按照有关规定及时履行信息披露义务。 四、你们应当按照有关规定办理本次吸收合并的相关手续。 五、本批复自下发之日起 12 个月内有效。 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 杭州汽轮动力集团股份有限公司暨关联交易事项 获得中国证券监督管理委员会同意注册批复的公告 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。 杭州海联讯科技股份有限公司（以下简称"海联讯"）拟通过向杭 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"）。 公司于 2025 年 ...

Stock Code: 200771 Stock ID: Hangqilun B Announcement No.:2025-92 5. This approval is valid for 12 months from the date of issuance. Hangzhou Hirisun Technology Incorporated (hereinafter referred to as "Hirisun") intends to absorb and merge Hangzhou Turbine Power Group Co., Ltd. (hereinafter referred to as the "Transaction") through the issuance of A-shares to all shareholders of Hangzhou Turbine Power Group Co., Ltd. (hereinafter referred to as "HTC" or "the Company"). On September 26, 2025, the Company re ...

Core Viewpoint - The company, Hailianxun, has received approval from the China Securities Regulatory Commission (CSRC) for the absorption merger with Hangzhou Qilun Power Group Co., Ltd. [1] Group 1 - The approval allows Hailianxun to issue an additional 1,174,904,765 shares to absorb Hangzhou Qilun [1] - The approval is valid for 12 months, during which the company must comply with the relevant application documents submitted to the Shenzhen Stock Exchange [1] - The company is required to fulfill its information disclosure obligations and handle related procedures in a timely manner [1]

深圳证券交易所并购重组审核委员会于 2025 年 9 月11 日召开2025 年第9次并购重组审核委员会审议会 议，对本次交易的申请进行了审议。根据深圳证券交易所并购重组审核委员会发布的《深圳证券交易所 并购重组审核委员会2025年第 9 次审议会议结果公告》，此次会议的审议结果为：本次交易符合重组条 件和信息披露要求。 格隆汇9月12日丨海联讯(300277.SZ)公布，公司拟通过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股股票的方式换股吸收合并杭汽轮。 ...

Core Viewpoint - The company, Hailianxun (300277.SZ), plans to conduct a stock swap to absorb Hangqilun by issuing A-shares to all shareholders of Hangqilun [1] Group 1: Transaction Details - The Shenzhen Stock Exchange's M&A Review Committee held a meeting on September 11, 2025, to review the transaction application [1] - The review committee announced that the transaction meets the restructuring conditions and information disclosure requirements [1]

Core Viewpoint - The company Hai Lian Xun (300277.SZ) plans to absorb Hangqi Turbine through a share exchange with all shareholders of Hangqi Turbine by issuing A-shares [1] Group 1: Transaction Details - The Shenzhen Stock Exchange's M&A Review Committee held its 9th review meeting on September 11, 2025, to assess the transaction application [1] - The review committee announced that the transaction meets the restructuring conditions and information disclosure requirements [1]

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"）拟通过向杭 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"）。 深圳证券交易所并购重组审核委员会于 2025 年 9 月 11 日召开 2025 年第 9 次并购重组审核委员会审议会议，对本次交易的申请进 行了审议。根据深圳证券交易所并购重组审核委员会发布的《深圳证 券交易所并购重组审核委员会 2025 年第 9 次审议会议结果公告》，本 次会议的审议结果为：本次交易符合重组条件和信息披露要求。 证券代码：200771 证券简称：杭汽轮 B 公告编号：2025-90 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 换股吸收合并杭州汽轮动力集团股份有限公司 获深圳证券交易所并购重组审核委员会审核通过的 公告 董事会 二〇二五年九月十二日 1 本次交易尚需取得中国证券监督管理委员会同意注册的批复，最 终能否取得中国证券监督管理委员会同意注册的批复及最终取得时 间仍存在 ...