杭汽轮Ｂ(200771):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及实施的提示性公告(英文）
PromptingAnnouncementontheDistributionandImplementationof CashOptioninRelationtotheShareSwapMergerofTheCompanybyHangzhouHirisunTechnologyIncorporated. ThemembersoftheBoardandtheCompanyacknowledgebeingresponsibleforthetruthfulness,accuracy,andcompletenessoftheannouncement.Therearenofalserecords,misleadingstatements,orsignificantomissionsinthisannouncement. SpecialReminder:AsthecurrenttradingpriceoftheCompany'ssharesishigherthanthecashoptionexerciseprice,exercisingthecashoptionmayresultinlossesforinvestors.Investorsareadvisedtoexercisecautionintheirdecision-making. ImportantNotes: 1.ThisshareswapmergerplanhasbeenconsideredandapprovedbyHangzhouSteamTurbineCo.,Ltd.(hereinafterreferredtoasHTC)atitsSecondtemporaryGeneralMeetingofShareholdersin2025convenedonJune6,2025,andreceivedtheapprovalforregistration(CSRCApproval[2025]No.2141)fromtheChinaSecuritiesRegulatoryCommissioninSeptember2025. 2.TofullyprotecttheinterestsofallshareholdersofHTC,thisshareswapmergerwillprovideacashoptiontothedissentingshareholdersofHTC,withHangzhouCapitalactingastheproviderofthecashoptionforthistransaction.AlldissentingshareholdersofHTCregisteredwithCSDCShenzhenBranchasofthecashoptionrecorddatemayexercisesuchoptionforallorpartoftheirshareholdingsinHTCduringthespecifiedcashoptionexerciseperiodinaccordancewiththeprovisionsofthisannouncement.Ifthedissentingshareholdersfailtosubmit,orsubmitaninvalid,exerciserequestduringthecashoptionexerciseperiod,theirshareholdingsinHTCwillbemandatorilyconvertedintoHirisunshares. 3.TheCompany'sstock(stockcode:200771)willbesuspendedfromtradingstartingNovember5,2025.Afterwards,HTCstockwillenterthestagesofcashoptiondistribution,exercisedeclaration,andexercisesettlement,andwillnolongerbetraded.Uponcompletionofthecashoptionimplementation,theCompanywillapplytotheShenzhenStockExchangefortheterminationofitslisting.ThesharesheldbytheCompany'sshareholderswillbeconvertedintoHirisunsharesuponimplementationoftheshareswapandwillbelistedandtradedontheShenzhenStockExchange.November4,2025,willbethelasttradingdayfortheCompany'sshares.Investorsarekindlyrequestedtotakenote. 4.Investorsholdingtheunderlyingsharesthroughmargintradingcreditsecuritiesaccountswhoneedtoexercisethecashoptionshalltransfersuchsharesfromtheircreditsecuritiesaccountstotheircorrespondingordinarysecuritiesaccountsnolaterthanthecashoptionrecorddate(thecashoptionwillbedistributedonlyaftersuchtransfer).Onthecashoptiondistributiondate,thecashoptioncorrespondingtotheseshareswillbecreditedtotheinvestor'sordinarysecuritiesaccount.Investorsmayonlyexercisethecashoptionthroughtheirordinarysecuritiesaccountsduringtheexerciseperiod. 5.Investorswhohaveengagedinagreedrepurchase-stylesecuritiestransactionsandneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthetradingdayprecedingthecashoptionrecorddate. 6.Investorsparticipatinginsharepledge-stylerepurchasetransactionswhoneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthecashoptionrecorddate.7.Followingthedistributionofthecashoption,theexerciseperiodwillcommence.EligibledissentingshareholderswhohavereceivedthecashoptionmayexerciseitforallorpartoftheirsharesoftheCompanyatapriceofHKD7.54pershare(AccordingtotheadjustmentduetotheimplementationofHTC's2024annualprofitdistributionplan,thecashoptionpriceisadjustedtoRMB6.90pershare,whichisbasedonthetradingdaybeforethesuspensionoftradingasthe"AnnouncementonPlanningMajorAssetRestructuringMatterandShareTradingSuspensionofHangzhouTurbinePowerGroupCo.,Ltd.")publishedbyHTC.andaccordingtothetradingdaybeforeHTC'ssuspension,October25,2024,itconvertstoHKD7.54pershare) duringtheexercisehours(9:30-11:30AMand1:00-3:00PMontheexercisedate(s),tobeannouncedseparately),transferringtheirsharesoftheCompanytothecashoptionprovider,HangzhouCapital.Including:(1)Registereddissentingshareholdersholdingthefollowingsharesarenotentitledtoexercisethecashoptionfortheirshares:①SharesoftheCompanywithrestrictedrights,suchasthosesubjecttopledges,otherthird-partyrights,judicialfreeze,orothertransferrestrictionsunderlawsandregulations;②Sharesforwhichthelegitimateholderhasprovidedawrittenwaiverofthedissentingshareholder'scashoptiontotheCompany;③Othersharesthatarenoteligibleforcashoptionexerciseunderapplicablelaws.TheaforementionedsharesineligibleforthecashoptionwillbeconvertedintosharesissuedbyHirisunontheshareswapdateaccordingtotheshareswapratio. (2)Relevanttaxesandfeesarisingfromtheexerciseofthecashoptionshallbebornebythedissentingshareholdersexercisingthecashoption,thecashoptionprovider,andotherrelevantpartiesinaccordancewiththeprovisionsofrelevantlaws,regulations,regulatoryauthorities,andsecuritiesregistrationandsettlement institutions. Ifthereare no clear provisions inlaws, regulations, by regulatory authorities, or securities registrationandsettlementinstitutions,thepartiesshallresolvethematterthroughconsultationwithreference tomarketpractices. 8.AccordingtotheShenzhenStockExchangeSelf-RegulatoryGuidelinesforListedCompaniesNo.1-BusinessHandling(2025Revision),ifthepremiumratiobetweenthereferencepriceoftheunderlyingsharesandtheagreedcashoptionpricereachesorexceeds50%,thelistedcompanymayapplytoprovidethecashoptionexerciseservicetoshareholdersthroughamanualprocess.PremiumRatio=(ReferencePriceofUnderlyingShares-AgreedCashOptionPrice)/AgreedCashOptionPrice×100%.HTC'sreferencesharepricetakestheclosingpriceofHKD13.09pershareonthetradingdaypriortotheinitialdisclosureofthepromptingannouncementforexercisingthecashoption,representingapremiumof73.61%overthecashoptionexerciseprice. TheCompanywillimplementthecashoptionthroughamanualexercisemethod.Theexerciseandsettlementofthecashoptionwillbecompletedmanually.Forspecificoperationaldetailsregardingmanualexercise,9.AsthecurrenttradingpriceoftheCompany'ssharesishigherthanthecashoptionexerciseprice,exercisingthecashoptionmayresultinlossesforinvestors.Investorsareadvisedtoexercisecautionintheirdecision-making. 10. This announcement is for informational purposes only regarding the specific arrangements for the distributionofthecashoptiontotheCompany'sshareholdersandrelatedmattersconcerningitsexercise.Itdoesnotconstituteadviceregardingtheexerciseofthecashoption.Investorsareremindedtopayattentiontoinvestmentrisks. Fordetailedinformationregardingthisshareswapmergerplan,pleasereadthefulltextoftheReportontheShare Swap Merger of Hangzhou Turbine Power Group Co., Ltd. by Hangzhou Hirisun TechnologyIncorporatedandItsRelated-PartyTransaction(Draft)(RegistrationVersion)andtheAnnouncementontheadjustmentoftheshareexchangepricefortheabsorptionmergeraftertheimplementationofthe2024annualequitydistributionpublishedbytheCompanyonSeptember12,2025,andJune14,2025,onthewebsitesofthe Shenzhen Stock Exchange (www.szse.cn) and CNINF (www.cninfo.com.cn), as well as relevantdocuments,andpromptlyfollowsubsequentrelevantannouncementsissuedbytheCompany.I.Definitions Inthisannouncement,unlessotherwisespecified,thefollowingtermsshallhavethemeaningssetforthbelow:
HTCintendstodistributethecashoptiontodissentingshareholdersafterthecashoptionrecorddate.AlldissentingshareholdersofHTCregisteredwithCSDCShenzhenBranchduringthecashoptionexerciseperiodmayexercisesuchoptionforallorpartoftheirshareholdingsinHTCduringthespecifiedexerciseperiodinaccordancewiththeprovisionsofthisannouncement. RegistereddissentingshareholdersofHTCmustmeetallthefollowingconditionssimultaneouslytoexercisethecashoption:1.Votedeffectivelyagainsttherelevantproposal(s)concerningtheMergerPlanandallsub-proposalsvotedonitem-by-item,andtherelevantproposal(s)concerningtheexecutionoftheMergerAgreement,attheGeneralMeetingofShareholdersforthisshareswapmerger;2.ContinuouslyheldthesharesrepresentingsuchdissentrightsfromtherecorddateofHTC'sGeneralMeetingofShareholdersapproving this share swap merger until the cash option implementation date, remaining as effectively registeredshareholdersofHTC;3.Successfullycompletedtherelevantapplicationproceduresduringthecashoptionexerciseperiod.AvalidapplicationmustbemadeduringthecashoptionexercisedateforanumberofsharesnotexceedingtheshareholdingamountasoftherecorddateofHTC'sGeneralMeetingofShareholdersforapprovingthisshareswapmerger.Shareholdersmeetingtheaboveconditionsareonlyentitledtoexercisethecashoptionforthesharesagainstwhichtheycastavaliddissentingvote.Thenumberofsharesforwhichadissenting shareholder is entitled to the cash option shall be determined based on the distribution and registrationresultsfromCSDCShenzhenBranch.Therulesforsecuritiesaccountsmarginedforsecuritiestradingofsecuritiescompaniesareconsistentwiththoseforordinarysecuritiesaccounts.RegisteredHTCdissentingshareholdersholdingthefollowingsharesarenotentitledtoexercisethecashoptionfortheirshares:1.HTCshareswithrestrictedrights,suchasthosesubjecttopledges,otherthird-partyrights,judicialfreeze,orothertransferrestrictions underlawsandregulations;2.SharesforwhichthelegitimateholderhasprovidedawrittenwaiverofHTCdissentingshareholder'scashoptiontoHTC;3.Othershares that are not eligible for cash option exercise under applicable laws. The aforementioned shares ineligibleforthecashoptionwillbeconvertedintosharesissuedbyHirisunontheshareswapimplementationdateaccordingtotheshareswapratio. Investorsholdingtheunderlyingsharesthroughmargintradingcreditsecuritiesaccountswhoneedtoexercisethecashoptionshalltransfersuchsharesfromtheircreditsecuritiesaccountstotheircorrespondingordinarysecuritiesaccountsnolaterthanthecashoptionrecorddate(thecashoptionwillbedistributedonlyaftersuchtransfer).Onthecashoptiondistributiondate,thecashoptioncorrespondingtotheseshareswillbecreditedtotheinvestor'sordinarysecuritiesaccount.Investorsmayonlyexercisethecashoptionthroughtheirordinarysecuritiesaccountsduringtheexerciseperiod. Investorswhohaveengagedinagreedrepurchase-stylesecuritiestransactionsandneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthetradingdayprecedingthecashoptionrecorddate. Investorsparticipatinginsharepledge-stylerepurchasetransactionswhoneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthecashoptionrecorddate.Followingthedistributionofthecashoption,theexerciseperiodwillcommence.Accordingtothetermsofthisshareswapmerger,dissentingshareholdersofHTCwhocompletethevalidapplicationproceduresduringtheexercisehours(9:30-11:30AMand1:00-3:00PM)ontheexercisedate(s)mayexercisethecashoptioninaccordancewiththeCompany'sprovisions. ForHTCsharesforwhichthecashoptionissuccessfullyexercised,HangzhouCapitalwillpaycashconsiderationtotheshareholdersexercisingtheoptionandwillacquirethecorrespondingshares.(1)CodeandAbbreviationoftheCashOption Code:238006 Abbreviation:杭汽HQP1 (2)UnderlyingSecurityoftheCashOption UnderlyingSecurityCode:200771 UnderlyingSecurityAbbreviation:HangqilunB (3)DistributionMethodoftheCashOption 1.Thecashoptionwillbedistributedbasedonthesecuritiesaccountusedbythedissentingshareholderwhenvoting. 2.Ifadissentingshareholder'ssecuritiesaccountiscustodiedattwoormoretradingunits(securitiesfirmbranches)andholdssharesoftheCompanyasofthecashoptionrecorddate,thecashoptionwillbedistributedsequentiallybasedonthedescendingorderofthenumberofsharesheldateachtradingunitasofthecash option record date, untilthe actualnumberdistributed equals the number ofcash options theshareholderisentitledto. (4)DistributionRatioandQuantityoftheCashOption HTCshareholdersareentitledtoone(1)cashoptionforeach(1)shareheldthatiseligibleforthecashoption.AccordingtothevotingresultsofHTC's2025secondextraordinaryshareholders’generalmeetingconvenedtovoteonthistransaction,themaximumnumberofcashoptionstobedistributedwillnotexceed37,033,996,andthefinaldistributionnumberwillbesubjecttotheverifiednumberaftertherecorddateofthecashoptionexercise. (5)ListingArrangementsfortheCashOption Willnotbelistedfortrading. (6)ExerciseRatiooftheCashOption Theexerciseratiois1:1,meaningtheholderofone(1)cashoptionisentitledtosellone(1)shareoftheCompanytothecashoptionprovider. (7)ExercisePriceoftheCashOption TheexercisepricefortheHTCcashoptionisHKD7.54pershare.(AccordingtotheadjustmentduetotheimplementationofHTC's2024annualprofitdistributionplan,thecashoptionpriceisadjustedtoRMB6.90pershare,whichisbasedonthetradingdaybeforethesuspensionoftradingasthe"AnnouncementonPlanningMajorAssetRestructuringMatterandShareTradingSuspensionofHangzhouTurbinePowerGroupCo.,Ltd.")publishedbyHTC.andaccordingtothecentralparityrateforRMBtoHKD(1HKD=0.91496RMBpublishedbythePeople'sBankofChinaonthetradingdaybeforeHTC'ssuspension,October25,2024),itconvertstoHKD7.54pershare) (8)ExerciseMethodfortheCashOption Amanualexercisemethodwillbeused. (9)ExercisePeriodfortheCashOption Duringtheexercisehours(9:30-11:30AMand1:00-3:00PM)ontheexercisedate(s).Theexercisedateconsistsoffivetradingdays;thespecificdate(s)willbeannouncedseparately.(10)DisposalofUnexercisedRightsafterExpiry Anycashoptionnotexercisedupontheconclusionofthecashoptionexerciseperiodwillbevoid.IV.MethodforExercisingtheCashOption (1)ExerciseConfirmation 1.Duringthemanualexerciseperiodforthecashoption,shareholdersintendingtoexercisethecashoption shall complete and sign the Investor Manual Exercise Confirmation Form (the format will beannouncedseparately). 2.ShareholdersintendingtoexercisethecashoptionshallsubmittheaforementionedConfirmationFormalongwiththefollowingsupportingdocuments:(1)Foroverseascorporateshareholders:Includingnotarizedvalidbusinessregistrationdocuments,copyofstockaccountcard,certificateofresponsiblepersonandcopyoftheresponsibleperson'svalididentificationdocument(allaffixedwiththecompanyseal).Iftheresponsiblepersonauthorizesanotherpersontohandlethematter, aPowerofAttorney(signed orstampedby theinstitution's responsible person and affixed with the institution's seal) and a copy of the authorized representative'svalididentificationdocumentmustalsobeprovided;(2)Fordomesticindividualshareholders:identificationdocument,copyofstockaccountcard.Ifanotherpersonisauthorizedtohandlethematter,aPowerofAttorneyandacopyoftheauthorizedrepresentative'svalididentificationdocumentmustalsobeprovided.TheaforementionedshareholdersmustalsosubmitproofofshareholdingasofafterthemarketcloseonNovember4,2025.ThecashoptionexerciseapplicationmaterialsmustbesubmittedtotheBoardofDirectorsoftheCompanyviaemailorpostalmailwithinthedesignatedexerciseperiod.Thetimeofreceiptfor submissions via email or postal mail must fall within the valid exercise period. Submissions with incompletedocumentationorincorrectinformationwillbedeemedinvalid.ApplicationmaterialssubmittedbyoverseasinvestorsshallbeinChinese.IfbothChineseandforeignlanguagetextsareprovided,theChinesetextshallprevail. (2)Pre-ExerciseConfirmations 1.Eligibleshareholdersmaychoosetoexercisethecashoptioninfullorinpart.2.Priortosubmittingthecashoptionexerciseapplication,entitledshareholdersshallconfirmthatthenumberofoptionstheyintendtoexercisedoesnotexceedthenumberofcashoptionrightsheldintheirsecuritiesaccount,andthatthereareasufficientnumberoftheCompany'ssharesinthesecuritiesaccount.Iftheholderoffrozenorpledgedsharesintendstoexercisethecashoption,thefreezeorpledgeshallbeliftedpriortoapplication.Ifanentitledshareholderappliestoexerciseanumberofcashoptionsgreaterthanthenumberofactuallyheldunfrozenandunpledgedsharesintheirsecuritiesaccountduringtheexerciseperiod,thevalidexercisequantityshallbethenumberofactuallyheldunfrozenandunpledgedshares;Ifthenumberappliedforislessthanorequaltothenumberofactuallyheldunfrozenandunpledgedshares,thevalidexercisequantityshallbethenumberofcashoptionsappliedfor. 3.Exceptforcompulsoryjudicialtransfer,sharesforwhichthecashoptionhasbeenexercisedcannotbetransferredfurtherorusedtoestablishpledgesorotherthird-partyrights.Ifsuchsharesaresubjecttoacompulsoryjudicialtransfer,theexercisedcashoptionforthesesharesbecomesinvalidfromthetimeofthejudicialtransfer. 4.Investorsholdingtheunderlyingsharesthroughmargintradingcreditsecuritiesaccountswhoneedtoexercisethecashoptionshalltransfersuchsharesfromtheircreditsecuritiesaccountstotheircorrespondingaftersuchtransfer).Onthecashoptiondistributiondate,thecashoptioncorrespondingtotheseshareswillbecreditedtotheinvestor'sordinarysecuritiesaccount.Investorsmayonlyexercisethecashoptionthroughtheirordinarysecuritiesaccountsduringtheexerciseperiod. 5.Investorswhohaveengagedinagreedrepurchase-stylesecuritiestransactionsandneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthetradingdayprecedingthecashoptionrecorddate. 6.Investorsparticipatinginsharepledge-stylerepurchasetransactionswhoneedtoexercisethecashoptionshallcompletetheearlyrepurchaseproceduresnolaterthanthecashoptionrecorddate.7.Thecashoptionwillbedistributedbasedonthesecuritiesaccountusedbytheapplicantforvoting.Ifacashoptionapplicantconductsactionssuchastransferofcustodybetweenthecashoptionrecorddateandtheendofthecashoptionexerciseperiod(specificdatestobeannouncedseparately),whichmayleadtoachangeinthecustodiantradingunit(securitiesfirmbranch)forthedissentingshareholder'ssecuritiesaccount,itmayprevent the dissenting shareholder from exercising the option. Therefore, dissenting shareholders are specificallyadvisedtoavoidsuchactionsduringthisperiod. (3)StockTradingDuringExercisePeriod TradingoftheCompany'sshareswillbesuspendedduringthecashoptionexerciseperiod.(4)SpecificSettlementProcessUponExercise Uponsuccessfulexercise,thecorrespondingnumberofcashoptionrightsandsharesoftheCompanywillbedeductedfromtheentitledshareholder'ssecuritiesaccount.Withinthreebusinessdaysafterthesharesrelatedtothevalidlyexercisedcashoptionsaretransferredandregisteredunderthenameofthecashoptionprovider,thecashoptionproviderwillpaycashHKD7.54persharetotheaccountdesignatedbytherelevantentitledshareholder,whilewithholdingapplicabletaxesandfeesarisingfromthesharetransfer.(5)Anycashoptionsnotexercisedinanentitledshareholder'ssecuritiesaccountaftertheexpirationoftheexerciseperiodwillbevoid. (6)Fees Entitledshareholdersshallbearanycostsincurredinsubmittingorwithdrawingamanualexercisebornebythedissentingshareholdersexercisingthecashoption,thecashoptionprovider,andotherrelevantpartiesinaccordancewiththeprovisionsofrelevantlaws,regulations,regulatoryauthorities,andsecuritiesregistrationandsettlementinstitutions.Iftherearenoclearprovisionsinlaws,regulations,byregulatoryauthorities,orsecuritiesregistrationandsettlementinstitutions,thepartiesshallresolvethematterthrough consultationwithreferencetomarketpractices. V.Third-PartyProvidingtheCashOptionandItsFulfillmentCapabilityThecashoptionproviderforHTCsharesinthistransactionisHangzhouCapital.HangzhouCapitalisthefirstmunicipal-levelstate-ownedcapitalinvestmentandoperatingplatforminHangzhou,whollyfundedbythestate,witharegisteredcapitalofRMB10billion.HangzhouCapitalmaintainsasoundcreditstatus,possessesstrongfinancingcapability,andhasthecapacitytofulfillitsobligations.VI.CashOptionDistributionandImplementationSchedule
Althoughthisshareswapmergerprovidesentitledshareholderswithacashoption,itdoesnotobligatethem to accept the exercise price in this announcement and tender their shares accordingly. Entitled shareholdersmaychoosetoeithersellthecorrespondingsharestoHangzhouCapitalatthepricestatedinthisannouncement,orconverttheirsharesintoHirisunsharesforlistingandtradingontheSZSE.InvestorsmayalsochoosetoselltheirsharesonthesecondarymarketbeforethetradinghaltforHTCsharestakeseffect.VIII.ContactPersonandInformation ContactPerson:LiXiaoyang,WangCaihua OfficeAddress:No.1188DongxinRoad,GongshuDistrict,Hangzhou Postalcode:310022 Tel:（0571）85780438,(0571）85784795 Fax:(0571)85780433 Thisannouncementisherebymade. TheBoardofDirectorsofHangzhouTurbinePowerGroupCo.,Ltd. November3,2025 中财网
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