1、股东会届次：2025 年第三次临时股东会 一、召开会议的基本情况 2、股东会的召集人：公司董事会 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"公司"或"本公司"）第六届董 事会 2025 年第四次临时会议审议通过了《关于召开 2025 年第三次临时股东会的 议案》，决定于 2025 年 9 月 4 日（星期四）采用现场表决与网络投票相结合的方 式召开公司 2025 年第三次临时股东会，现将本次会议有关事项通知如下： 证券代码：300277 证券简称：海联讯 公告编号：2025-051 杭州海联讯科技股份有限公司 关于召开 2025 年第三次临时股东会的通知 （1）现场表决：股东本人出席现场会议或书面委托代理人出席现场会议， 股东委托的代理人不必是公司的股东； （2）网络投票：公司将通过深圳证券交易所交易系统和互联网投票系统 （http://wltp.cninfo.com.cn）向全体股东提供网络形式的投票平台，股东可 以在网络投票时间内通过上述系统行使表决权。 公司股东只能选择现场表决、网络投票方式中的一种表决方式 ...

证券代码：300277 证券简称：海联讯 公告编号：2025-049 根据公司的战略规划及未来发展需要，公司董事会同意将注册地址由"浙江 省杭州市拱墅区庆春路 60 号东清大厦 206-6 室"变更至"浙江省杭州市临平区 兴国路 509 号 2 幢 1303 室"，并结合公司实际情况对《公司章程》相应条款进行 修订。公司董事会提请股东会授权公司董事会指定人员办理上述涉及的工商变更 登记相关手续，前述修订内容以市场监督管理部门最终核准登记为准。 表决结果：同意票 7 票，反对票 0 票，弃权票 0 票，本议案获得通过。 杭州海联讯科技股份有限公司 第六届董事会 2025 年第四次临时会议决议公告 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"公司"）第六届董事会 2025 年第 四次临时会议于 2025 年 8 月 19 日在公司会议室以现场（视频）与通讯表决相结 合的方式召开。本次会议于 2025 年 8 月 13 日以电子邮件方式向所有董事送达了 会议通知及文件，并与各位董事确认已收到会议通知及文件。本次会议应参加董 ...

Core Viewpoint - The merger and acquisition of Hangzhou Qilun Power Group Co., Ltd. by Hangzhou Hailianxun Technology Co., Ltd. has been approved by shareholders, reflecting strong support for the restructuring initiative [1] Group 1: Merger Details - The merger plan received approval from 84.52% of minority shareholders, indicating a high level of acceptance among stakeholders [1] - A total of 15 proposals were reviewed and passed during the second extraordinary shareholders' meeting of 2025 [1] Group 2: Policy Context - Recent policies from the State Council and the China Securities Regulatory Commission have stimulated the merger and acquisition market, marking a new active phase for M&A in the A-share market [1] - The merger aligns with national policies aimed at promoting mergers and acquisitions among listed companies [1] Group 3: Strategic Implications - The major asset restructuring is expected to broaden the company's financing channels and enhance its financing capabilities [1] - The integration of industrial resources will optimize the company's industrial layout and strengthen its research and application of gas turbine technology [1] - The initiative aims to boost the independent innovation development of China's gas turbine industry and enhance the company's core competitiveness and sustainable profitability [1]

Group 1 - The core business of the company is focused on the power industry, providing integrated information system solutions and related technical consulting services [4][5] - The company emphasizes its competitive advantages in "depth" and "credibility," with a deep understanding of the power industry and a strong trust barrier built over ten years of service [5] - The company adopts a "demand-oriented + scenario customization" model to meet differentiated customer needs, offering a full lifecycle management service from demand response to continuous optimization [5] Group 2 - The company believes that effective management should center around "value creation," ensuring that all management actions contribute to enhancing company value [6] - The company encourages investors to focus on long-term value and core competitiveness, suggesting a rational approach to market fluctuations and a focus on fundamental analysis [7] - The company advises investors to maintain a diversified asset allocation strategy to mitigate risks and build a robust investment portfolio [7]

Investment Rating - The report indicates an "Overweight" rating for the industry, suggesting a positive outlook for the next six months [31]. Core Insights - The report highlights a total of 79 merger and acquisition (M&A) events during the period from July 28 to August 3, with 14 classified as significant M&A transactions. Out of these, 15 M&A events were completed, while no significant M&A transactions were finalized [10]. - Recent policy updates emphasize that government investment funds should not engage in public trading of stocks, except for M&A, directed placements, and strategic allocations. This aims to prevent the increase of local government hidden debts [7][8]. - The report notes that the restructuring index outperformed the Wind All A index by 1.07% during the specified period, indicating a strong performance in the restructuring sector [25]. Summary by Sections M&A Activity Overview - During the week of July 28 to August 3, there were 79 M&A events involving listed companies, with 2 failures. The significant M&A events included 14 transactions, with 15 completed [10][16]. Major M&A Updates - The report lists several major M&A transactions involving state-owned enterprises and private companies, with notable transactions including China Shipbuilding's acquisition of China Heavy Industry for approximately 11.52 billion CNY [14]. Control Changes - Four listed companies reported changes in actual control, with notable transitions including Renfu Pharmaceutical being taken over by the State-owned Assets Supervision and Administration Commission [19]. Market Performance - The restructuring index showed a positive trend, outperforming the broader market index, which reflects a favorable environment for M&A activities [25].

Core Viewpoint - The announcement details the proposed share swap merger between Hailianxun and Hangqilun B, highlighting the pricing and benefits of the transaction for both companies [1][2]. Group 1: Merger Details - Hailianxun plans to absorb Hangqilun B through a share swap, with the swap price set at 9.56 CNY per share based on the average stock price over the previous 20 trading days [1]. - Hangqilun B's swap price is set at 7.77 HKD per share (approximately 7.11 CNY), with a premium of 34.46%, resulting in a swap ratio of 1:1 [1]. - After the merger, Hangqilun B will be delisted and Hailianxun will inherit all assets, liabilities, and rights of Hangqilun B [2]. Group 2: Benefits and Market Implications - The merger is expected to improve Hailianxun's financial status and market valuation by enhancing Hangqilun B's profitability [2]. - The integration is anticipated to optimize asset allocation and create synergies, leading to a combined value greater than the sum of individual parts [2]. - The transaction reflects a trend of B-share companies seeking to transition to A-shares due to limited financing options and liquidity issues in the B-share market [3][4]. Group 3: Industry Insights - Hailianxun specializes in power information technology, while Hangqilun B is a leading provider of industrial turbine machinery, indicating a diverse yet complementary business focus [3]. - The merger may facilitate resource sharing in technology development and market expansion, although challenges related to corporate culture and management integration may arise [3]. - The ongoing regulatory improvements and market conditions are expected to make the "B to A" transition a viable option for more B-share companies [4].

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 申请的审核问询函之回复报告 吸并方 被吸并方 浙江省杭州市拱墅区庆春路 60 号东清 大厦 206-6 室 杭州海联讯科技股份有限公司 杭州汽轮动力集团股份有限公司 浙江省杭州市临平区康信路 608 号 1 幢 吸并方独立财务顾问 被吸并方独立财务顾问 二〇二五年七月 深圳证券交易所： 按照贵所下发的《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申请的审核问询函》（审核函〔2025〕030006 号）（以 下简称"审核问询函"）的要求，杭州海联讯科技股份有限公司（以下简称"吸 并方"）、杭州汽轮动力集团股份有限公司（以下简称"被吸并方"）及相关中 介机构就审核问询函所提问题进行了认真讨论分析，并按照要求在《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报 告书（草案）》（以下简称"重组报告书"）中进行了补充披露，现将相关回复 说明如下。 本审核问询函回复（以下简称"本回复"）中的报告期指 2022 年、2023 年 及 2024 年；除此之外，如无特别说明，本回复所述的词语或简 ...

中信证券股份有限公司 关于 《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申请的审核问询函之回 复报告》 之专项核查意见 独立财务顾问 二〇二五年七月 深圳证券交易所： 受杭州海联讯科技股份有限公司（以下简称"吸并方"）委托，中信证券股 份有限公司（以下简称"独立财务顾问""中信证券"）担任海联讯换股吸收合 并杭州汽轮动力集团股份有限公司（以下简称"被吸并方"）暨关联交易吸并方 独立财务顾问，按照贵所下发的《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申请的审核问询函》（审核函〔2025〕030006 号）（以下简称"审核问询函"）的要求，中信证券就审核问询函所提问题进行 了认真讨论分析和核查，并出具本核查意见，现提交贵所，请予审核。 本核查意见中的报告期指 2022 年、2023 年及 2024 年；除此之外，如无特 别说明，本核查意见所述的词语或简称与重组报告书中"释义"所定义的词语或 简称具有相同的含义。在本核查意见中，若合计数与各分项数值相加之和在尾数 上存在差异，均为四舍五入所致。本核查意见所引用的财务数据和财务指标，如 无特殊说明，指合并报表 ...

中信证券股份有限公司 声明和承诺 杭州汽轮动力集团股份有限公司暨关联交易 之 独立财务顾问报告 （修订稿） 独立财务顾问 签署日期：2025 年 7 月 关于 杭州海联讯科技股份有限公司换股吸收合并 中信证券股份有限公司（以下简称"中信证券"或"本独立财务顾问"）受杭州海 联讯科技股份有限公司（以下简称"海联讯"）委托，担任本次海联讯换股吸收合并杭 州汽轮动力集团股份有限公司暨关联交易的海联讯独立财务顾问，并制作本独立财务顾 问报告。 本独立财务顾问报告是依据《公司法》《证券法》《重组管理办法》《26 号准则》《财 务顾问办法》等法律、法规的有关规定，按照证券行业公认的业务标准、道德规范，本 着诚实信用、勤勉尽责的态度，遵循客观、公正原则，在认真审阅相关资料和充分了解 本次交易行为的基础上，发表独立财务顾问意见，旨在就本次交易行为做出独立、客观 和公正的评价，以供全体股东及有关各方参考。 一、独立财务顾问声明 （一）本独立财务顾问与本次交易各方无任何关联关系。本独立财务顾问本着客观、 公正的原则对本次交易出具独立财务顾问报告。 （二）本独立财务顾问报告所依据的文件、材料由相关各方向本独立财务顾问提供。 相关各 ...

国浩律师（杭州）事务所 关 十 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 暨关联交易的 补充法律意见书 (二) 浩律師(杭州)事務所 LAW FIRM (HANGZHOU) 致: 杭州海联讯科技股份有限公司 国浩律师(杭州)事务所(以下简称"本所")接受杭州海联讯科技股份有 限公司(以下简称"海联讯")的委托,作为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 轮暨关联交易(以下简称"本次交易")的特聘专项法律顾问,就本次交易,本 所已出具了《国浩律师(杭州)事务所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的法律意见书》(以下简称《法 律意见书》）、《国浩律师(杭州)事务所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的补充法律意见书 (一) 》 (以下简称《补充法律意见书（一）》）。 地址:杭州市上城区老复兴路白塔公园 B 区 2号、15 号国浩律师楼 邮编: 310008 Grandall Building, No.2 & No.15, Bloc ...