Hangzhou Steam Turbine merger review meeting set for September 11

Hangzhou Steam Turbine Power Group Co., Ltd. has announced that the Shenzhen Stock Exchange Merger, Acquisition and Restructuring Review Committee is scheduled to convene its 9th review meeting of 2025 on September 11, 2025. This meeting will review the proposed stock-for-stock absorption merger of Hangzhou Holley-Win Technology Co., Ltd. by Hangzhou Steam Turbine.

The proposed transaction involves Hangzhou Holley-Win Technology Co., Ltd. issuing A-shares to all shareholders of Hangzhou Steam Turbine Power Group Co., Ltd. as consideration for the absorption merger. This is also classified as a related party transaction.

The company emphasized that the transaction's implementation is contingent upon approval by the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission. The ultimate approval, registration, and timing remain uncertain. Hangzhou Steam Turbine Power Group Co., Ltd. urges investors to monitor subsequent announcements and be aware of investment risks.