Settlement on the implementation of share repurcha

Announcement of Hunan Oil Pump Co., Ltd. on the completion of share repurchase and share change

the board of directors and all directors of the company guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. 1、 The review and approval of the repurchase and the contents of the repurchase plan Hunan Oil Pump Co., Ltd. (in which the installed capacity of solar PV reaches 74 GW (about 46% from China)

the board of directors and all directors of the company guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and bear individual and joint liabilities for the authenticity, accuracy and integrity of its contents

I. repurchase approval and contents of the repurchase plan

Hunan Oil Pump Co., Ltd. (hereinafter referred to as "the company") held the ninth meeting of the ninth board of directors on October 11, 2018 and the second extraordinary general meeting of shareholders in 2018 on October 29, 2018. The proposal on the plan for share repurchase by centralized bidding transaction and related proposals were reviewed and passed item by item, On November 13, 2018, the company also disclosed the repurchase report on repurchasing the company's shares by means of centralized bidding transaction. For details, see the announcement (Announcement No.:,) disclosed by the company in China Securities News, Shanghai Securities News, securities times, securities and Shanghai Stock Exchange Station (). The main contents of this share repurchase plan are as follows:

(I) purpose of share repurchase

in view of the recent sharp fluctuations in the stock market, in order to effectively safeguard the interests of shareholders, enhance investor confidence, and promote the long-term development of the company, based on the confidence in the future development prospects of the company and the recognition of the company's value, and taking into account the company's financial situation and future profitability, According to the relevant regulations of China Securities Regulatory Commission and Shanghai Stock Exchange, the company plans to repurchase shares with its own funds to promote the matching of the company's share price with its intrinsic value. The repurchased shares of the company are intended to be used for cancellation and reduction of registered capital according to law or other purposes permitted by law

(II) types of shares to be repurchased

the types of shares repurchased this time are RMB common shares (A shares) issued by the company

(III) the way to repurchase shares

liquidation and cleaning: the way to repurchase shares this time is through the Shanghai Stock Exchange stock trading system in the form of centralized bidding trading or other ways recognized by laws and regulations

(IV) number or amount of shares to be repurchased

the total amount of repurchase funds this time is not less than RMB 30million, not more than RMB 50million, and the price of repurchased shares is not more than RMB 33.00 per share

(V) price of shares to be repurchased

the price of shares repurchased by the company this time shall not exceed 33.00 yuan/share. If the company has ex rights and ex interests matters such as dividend distribution, bonus shares and capital increase during the repurchase period, the upper limit of the repurchase price shall be adjusted accordingly from the ex rights and ex interests date of the share price

(VI) source of funds to be used for repurchase

the source of funds for this repurchase of shares is the company's own funds

(VII) term of share repurchase

the term of this share repurchase and the validity of the resolution are within six months from the date of deliberation and adoption by the general meeting of shareholders

(VIII) specific authorization for the board of directors to handle the repurchase of shares

in order to successfully implement the repurchase of shares, the general meeting of shareholders is hereby requested to authorize the board of directors to handle the repurchase of shares, including but not limited to:

(1) formulate and adjust specific implementation plans in accordance with relevant regulations, and handle other matters related to the repurchase of shares

(2) according to the actual situation and stock price performance of the company, it is decided to continue or terminate the implementation of this repurchase plan

(3) determine the specific purpose of the number of shares repurchased in accordance with relevant laws and regulations, including but not limited to cancellation to reduce the registered capital of the company

(4) formulate, supplement, modify, sign and declare the documents

(5) choose an opportunity to repurchase the company's shares according to the above requirements, including the specific share repurchase method, time, price, quantity, etc

(6) handle the industrial and commercial registration procedures related to the repurchase of shares, and perform the filing procedures required by laws and regulations and securities regulatory authorities

(7) notify the creditor, communicate with the creditor and reach a solution to the debt

(8) after the implementation of share repurchases, handle the amendment of the articles of association and the change of registered capital

the above authorization starts from the date of deliberation and approval of this general meeting of shareholders of the company and ends on the date when the authorization matters are completed by pouring and fixing the foot screw holes with high-strength cement mortar

II. Implementation of repurchase

(I) on December 20, 2018, the company implemented share repurchases for the first time, and on December 21, 2018, it disclosed the announcement on the first repurchase of shares by means of centralized bidding Trading (Announcement No.)

(II) on April 26, 2019, the company completed the repurchase, and has actually repurchased 1396800 shares of the company, accounting for 1.33% of the total share capital of the company. The maximum repurchase price is 25.00 yuan/share, and the minimum repurchase price is 18.00 yuan/share (this is the price after ex rights and ex dividend, and the resumption price is 23.77 yuan/share; if calculated according to the resumption price, the minimum repurchase price is 19.93 yuan/share), and the average repurchase price is 21.54 yuan/share, The total amount of funds used is 30.093 million yuan (excluding stamp duty, commission and other transaction fees), which meets the requirements that the total amount of funds for this repurchase is not less than 30 million yuan and not more than 50 million yuan

(III) there is no difference between the actual implementation of the repurchase plan and the originally disclosed repurchase plan, and the company has completed the repurchase according to the disclosed plan

(IV) the impact of the implementation of this share repurchase plan on the company

this repurchase will not have a significant impact on the company's business activities, financial status and future major development, will not affect the company's listing status, and will not lead to changes in the company's control

III. trading of shares by relevant subjects during the repurchase period

on October 12, 2018, the company disclosed the repurchase of shares for the first time. See the announcement of company number for details. As of the disclosure of this announcement, the directors, supervisors, senior managers, controlling shareholders and their persons acting in concert and actual controllers bought and sold the company's shares during the period from the date of the company's first disclosure of the share repurchase plan to the day before the announcement of the repurchase implementation results and share changes, and the reasons are as follows:

■

in addition, the directors, supervisors, senior managers, controlling shareholders and their persons acting in concert The actual controller did not buy or sell the company's shares from the date when the company disclosed the plan for share repurchase to the date when the repurchase results and share change announcement were issued

IV. where the repurchased shares have been repurchased, the catheter can be used to arrange the regeneration of the peripheral nervous system after injury.

the repurchased shares are currently deposited in the company's special securities account for share repurchases. Before the transfer or cancellation of shares, the repurchased shares do not enjoy the relevant rights such as profit distribution, conversion of provident fund into share capital, additional issuance of new shares and allotment of shares, pledge, voting rights at the general meeting of shareholders, etc

the shares repurchased this time will be used for legal cancellation, reduction of registered capital or other purposes permitted by law. The total share capital of the company will not change temporarily. If the subsequent cancellation of shares is involved, the company will timely perform the approval process and disclosure obligations

v. statement of changes in shares

the total number of share repurchases this time is 1396800 shares, accounting for 1.33% of the company's total share capital. Calculated according to the company's share capital structure as of April 28, 2019, the changes in the company's equity before and after the repurchase of shares are as follows:

■

note: according to the proposal on 2018 annual profit distribution plan approved by the company at the 2018 annual general meeting of shareholders held on March 22, 2019, The company takes the total share capital on the date of equity registration minus the number of shares repurchased in the special account for repurchase of 981500 shares as the base, that is, taking 79938500 shares as the base, the company will increase the share capital by 3 shares for every 10 shares with the capital reserve to all shareholders, a total of 23981550 shares. After this profit distribution, the total share capital of the company is 104901550 shares. For details, please refer to the announcement on the implementation of the 2018 annual equity distribution of Hunan Oil Pump Co., Ltd. (Announcement No.)

VI. handling arrangements of repurchased shares

the repurchased shares are currently deposited in the company's special account for share repurchases, which was disclosed by the company on April 9, 2019 in the China Securities Journal, Shanghai Securities News, securities times, securities and Shanghai Stock Exchange Station (), The company will use the repurchased shares in accordance with the disclosed plan and relevant regulations, and perform the decision-making procedures and information disclosure obligations as required

it is hereby announced

board of directors of Hunan Oil Pump Co., Ltd.

April 30, 2019