StockCode:200771 StockID:HangqilunBAnnouncementNo.2017-78 HangzhouSteamTurbineCo.,Ltd. AnnouncementonChangeofChiefAccountantand AppointmentofDeputyGeneralManager The members of the Board and the Company acknowledgebeing responsible for the truthfulness,accuracy,andcompletenessoftheannouncement.Notanyfalserecord,misleading statementorsignificantomissioncarriedinthisannouncement. TheBoardofDirectorsofHangzhouSteam TurbineCo.,LtdrecentlyreceivedMs.Pu Yangshuo'sresignation.Ms.PuYangshuo,forpersonalreasons,appliedforresigningfromthe positionofChiefAccountantandDeputyGeneralManageroftheCompany.Aftertheresignation, Ms.PuYangshuodoesnotholdanypositionintheCompany.Pursuanttotheprovisionsofthe CompanyLawandtheArticlesofAssociation,theresignationofMs.PuYangshuotakeseffect whenit'ssenttotheboardofdirectors. Ms.PuYangshuohasbeenservedasthechiefaccountantandthedeputygeneralmanagerof theCompanysinceJune2013.Sheperformedherdutiesresponsiblyanddiligentlyduringthe termofofficeoftheCompanyandmadeoutstandingcontributionstothedevelopmentofthe Company.Here,theboardofdirectorsoftheCompanywouldliketoexpressheartfeltthanksto her. AccordingtothenominationbyGeneralManagerMr.YeZhongandafterexaminationbythenominationcommitteeoftheboardofdirectorsandthedeliberationbythe17thmeetingofthe7thboardofdirectors,theboardofdirectorsofthecompanyagreedtoappointMr.ZhaoJiamaoasthechiefaccountantanddeputygeneralmanagerofthecompanywiththeofficetermfromJanuary1,2018untiltheexpirationofthetermoftheseventhboardofdirectors.Theindependentdirectorsofthecompanyissuedanindependentopinionontheabovematters. Thisannouncementisherebymade. TheBoardofDirectorsofHangzhouSteamTurbineCo.,Ltd. December30,2017Attachment：ResumeofMr.ZhaoJiamao-DeputyGeneralManagerandChiefAccountant Mr. Zhao Jiamao, born in March 1975, member ofthe Communist Party ofChina, universitydegree,certifiedpublicaccountantandsenioraccountant.HejoinedHangzhouSteam TurbinePowerGroupCo.,Ltd.FinanceOfficein1995andwasoncetheViceMinisterofFinance ofHangzhouSteamTurbinePowerGroupCo.,Ltd.,ChiefAccountant,DeputyGeneralManager andGeneralManagerofHangzhouSteamTurbinePowerTechnologyCo.,Ltd.InDecember 2014,hewastheDeputyChiefAccountantandChiefFinancialOfficeroftheCompany.Since March2016,hehasbeentheGeneralManagerAssistant,theDirectorofAssetManagement DepartmentandtheFinanceDepartmentandtheContractDepartment. Mr.ZhaoJiamaoisnotholdingtheCompany’sshares;thereisnorelationshipwiththe shareholders,the actual controller, otherdirectors, supervisors and seniorexecutives ofthe Companyholdingmorethan5%oftheshares,andhasnotbeenpunishedbytheCSRCandother relevantdepartmentsAndthestockexchangeshallnotbeclassifiedasadishonestperson;and shallmeettherequirementsoftherelevantlaws,administrativeregulations,departmentalrules, normativedocuments,theRulesfortheListingofStocksandotherrelevantprovisionsofthe Exchange.