Stock Code: 300277 Stock Abbreviation: Haiyanxun Announcement No.: 2026-026
Hangzhou Haiyanxun Technology Co., Ltd. Announcement on Repurchase and Cancellation of Part of Restricted Shares
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, without any false records, misleading statements, or material omissions.
On March 5, 2026, Hangzhou Haiyanxun Technology Co., Ltd. (hereinafter referred to as the "Company") held the Second Extraordinary Meeting of the Sixth Board of Directors in 2026, which deliberated and approved the "Proposal on Repurchase and Cancellation of Part of Restricted Shares," and the relevant matters are hereby explained as follows:
I. Relevant Approval Procedures and Information Disclosure Already Completed
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On July 11, 2021, Hangzhou Steam Turbine Co., Ltd. (hereinafter referred to as "Hangzhou Steam Turbine") held the Fourteenth Meeting of the Eighth Board of Directors, which deliberated and approved the "Proposal on the 2021 Restricted Stock Incentive Plan (Draft) and its Summary," the "Proposal on the 2021 Restricted Stock Incentive Plan Performance Appraisal Management Measures," and the "Proposal to Authorize the Board of Directors to Handle Matters Related to the 2021 Restricted Stock Incentive Plan." The Ninth Meeting of the Supervisory Committee of Hangzhou Steam Turbine reviewed and approved the aforementioned proposals. Hangzhou Steam Turbine disclosed the "2021 Restricted Stock Incentive Plan (Draft) and Summary," "2021 Restricted Stock Incentive Plan Performance Appraisal Management Measures," "List of Grantees for the 2021 Restricted Stock Incentive Plan," "Equity Incentive Plan Self-Inspection Report," and the "Legal Opinion of Shanghai Jincheng Law Firm on the 2021 Restricted Stock Incentive Plan of Hangzhou Steam Turbine Co., Ltd." and other related announcements. The independent directors of Hangzhou Steam Turbine issued independent opinions on whether the equity incentive plan is beneficial to the sustainable development of Hangzhou Steam Turbine and whether it harms the interests of Hangzhou Steam Turbine and all shareholders. The Supervisory Committee of Hangzhou Steam Turbine issued the "Audit Opinion on the 2021 Restricted Stock Incentive Plan (Draft) of the Company."
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On August 12, 2021, Hangzhou Steam Turbine disclosed the "Announcement on the Approval of the Equity Incentive Plan by the Hangzhou State-owned Assets Supervision and Administration Commission." Hangzhou Steam Turbine received the "Reply on the Implementation of the 2021 Restricted Stock Incentive Plan of Hangzhou Steam Turbine Co., Ltd." (Hangguozi Kao [2021] No. 45) from the State-owned Assets Supervision and Administration Commission of the Hangzhou Municipal People's Government, which principally agreed to Hangzhou Steam Turbine's implementation of the 2021 restricted stock incentive plan.
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From July 12, 2021, to July 21, 2021, Hangzhou Steam Turbine posted the "Public Notice of Grantees for the 2021 Restricted Stock Incentive Plan of the Company" at its business premises, publicizing the names and positions of the grantees, clarifying the circumstances under which individuals are not eligible to be grantees, and the methods and channels for feedback during the public notice period. By the end of the public notice period, Hangzhou Steam Turbine had not received any objections from any organization or individual regarding the grantees of this incentive plan. On August 23, 2021, Hangzhou Steam Turbine disclosed the "Explanation of the Public Notice of Grantees for the Restricted Stock Incentive Plan and Audit Opinion of the Supervisory Committee of the Company." The Supervisory Committee opined that the grantees included in this incentive plan meet the scope and conditions of grantees stipulated in the "Management Measures," "Trial Measures," "Notice," and other laws, regulations, normative documents, and the "Incentive Plan (Draft)," and there are no circumstances that would disqualify them from being grantees. Their eligibility as grantees for this incentive plan is legal and valid. On August 23, 2021, Hangzhou Steam Turbine disclosed the "Independent Financial Advisor Report of China Securities Co., Ltd. on the 2021 Restricted Stock Incentive Plan (Draft) of Hangzhou Steam Turbine Co., Ltd."