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[(Asset)12.1 ( Transfer)12.1 ( Agreement)12.1 ( II)12.1 ( will)12.1 ( have)12.1 ( no)12.1 ( implication)12.1 ( on)12.1 ( the)12.2 ( consolidated)12.1 ( financial)14.1 ( )]TJ
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(statements of the Company.)Tj
/T1_1 1 Tf
0.062 Tw 0 -2.462 Td
(REASONS FOR AND BENEFITS OF ENTERING INTO THE R&D PROJECTS )Tj
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[(AND)12.7 ( ASSETS)12.7 ( TRANSFER)12.7 ( AGREEMENT)]TJ
19.87 0 Td
[( I)12.7 ( AND)12.7 ( THE)12.7 ( R&D)12.7 ( PROJECTS)12.7 ( AND)14 ( )]TJ
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(ASSETS TRANSFER AGREEMENT II)Tj
/T1_0 1 Tf
0.069 Tc 0.07 Tw 0 -2.462 Td
[(In)12.7 ( line)12.7 ( with)12.8 ( the)12.7 ( enterprise)12.8 ( development)12.8 ( strategy,)12.7 ( Engineering)12.7 ( Research)12.7 ( Centre)44 ( )]TJ
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[(new)11 ( )0.5 (materials,)11 ( )0.5 (and)11 ( )0.5 (high-end)11 ( )0.6 (equipment,)11 ( )0.5 (coordinate)11 ( )0.5 (scientific)11 ( )0.5 (research)11 ( )0.5 (and)11 ( )0.5 (technical)11 ( )]TJ
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[(gas)12.1 ( turbines,)12.1 ( compressed)12.1 ( air)12.1 ( energy)12.1 ( storage,)12.1 ( and)12.1 ( smart)12.1 ( power)12.1 ( plants.)12.1 ( Therefore,)33 ( )]TJ
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(Engineering Research Centre intends to transfer the relevant R&D project\
s and assets )Tj
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(Projects and Assets II by Engineering Research Centre to Harbin Electric\
 Technology )Tj
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(Company)Tj
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(Company and the promotion of the smooth commencement of business in the \
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(fields.)Tj
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(Directors \(including the independent non-executive Directors\) )Tj
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[(contemplated under the R&D Projects and)-0.9 ( )]TJ
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(Assets Transfer Agreement I and the R&D Projects and Assets Transfer Agr\
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(and the terms thereof \(including the consideration\))Tj
( are fair and reasonable, on normal )Tj
0 Tw 0 -1.231 Td
(commercial terms and in the interest of the Company and the Shareholders\
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(Mr. C)Tj
(ao Zh)Tj
-0.025 Tw (i-a)Tj
(n, )Tj
0.013 Tw 7.187 0 Td
(Mr. H)Tj
(uang Wei and )Tj
(Mr. Z)Tj
(hang Yin)Tj
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0.013 Tw (ian, the executive Directors, are )Tj
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[(R&D)12.6 ( Projects)12.7 ( and)12.6 ( Assets)12.7 ( Transfer)12.7 ( Agreement)12.7 ( I)12.6 ( and)12.6 ( the)12.7 ( R&D)12.7 ( Projects)12.6 ( and)12.7 ( Assets)24 ( )]TJ
0.052 Tc 0 -1.231 Td
[(Transfer)12.7 ( Agreement)12.7 ( II)12.8 ( and)12.8 ( their)12.7 ( respective)12.8 ( transactions)12.7 ( contemplated)12.7 ( thereunder.)27 ( )]TJ
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(transactions or is required to abstain from voting on the relevant Board\
 resolutions for )Tj
0.032 Tc 0.076 Tw 0 -1.231 Td
[(the)7 ( )0.5 (purpose)7 ( )0.5 (of)7 ( )0.5 (considering)6.9 ( )0.6 (and)7 ( )0.5 (approving)7 ( )0.6 (the)7 ( )0.5 (entering)7 ( )0.5 (into)7 ( )0.5 (of)7 ( )0.5 (the)7 ( )0.5 (R&D)7 ( )0.5 (Projects)7 ( )0.5 (and)7 ( )]TJ
0.025 Tc 0.057 Tw 0 -1.231 Td
(Assets Transfer Agreement I and the R&D Projects and Assets Transfer Agr\
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0 Tw 0 -1.231 Td
(in accordance with the Listing Rules and/or the articles of association \
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ET

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(INFORMATION ON THE PARTIES TO THE TRANSACTIONS)Tj
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(equipment set and turnkey construction of power station projects, etc.)Tj
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[(Harbin)12.2 ( Electric)12.2 ( Corporation)12.2 ( is)12.2 ( a)12.2 ( controlling)12.2 ( shareholder)12.1 ( of)12.2 ( the)12.2 ( Company)12.2 ( and)52 ( )]TJ
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(for complete set of equipment in the PRC.)Tj
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(Research Centre, established under the support of the Company in January\
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[(r)0.5 (e)0.6 (s)0.6 (e)0.5 (a)0.6 (r)0.5 (c)0.6 (h)13 ( )0.6 (a)0.5 (c)0.6 (h)0.5 (i)0.6 (e)0.5 (v)0.6 (e)0.6 (m)0.5 (e)0.5 (n)0.6 (t)0.5 (s)13.1 ( )0.5 (i)0.6 (n)13 ( )0.6 (t)0.5 (h)0.6 (e)13 ( )0.6 (P)0.5 (R)0.6 (C)13 ( )0.6 (p)0.5 (o)0.5 (w)0.6 (e)0.6 (r)0.5 (-)0.6 (g)0.5 (e)0.6 (n)0.5 (e)0.6 (r)0.5 (a)0.6 (t)0.5 (i)0.6 (n)0.5 (g)13 ( )0.6 (e)0.6 (q)0.5 (u)0.5 (i)0.6 (p)0.5 (m)0.6 (e)0.5 (n)0.6 (t)13 ( )0.6 (m)0.5 (a)0.6 (n)0.5 (u)0.6 (f)0.5 (a)0.6 (c)0.5 (t)0.6 (u)0.5 (r)0.6 (i)0.5 (n)0.6 (g)47 ( )]TJ
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[(technology)12.6 ( on)12.6 ( complete)12.6 ( set)12.6 ( of)12.6 ( power-generating)12.7 ( equipment,)12.6 ( systematic)12.6 ( research)34.1 ( )]TJ
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0.036 Tc 0.072 Tw 0 -1.231 Td
[(development)11 ( )0.5 (of)11 ( )0.5 (power)11 ( )0.5 (generation,)11 ( )0.5 (environmental)11 ( )0.5 (protection,)11 ( )0.5 (energy)11 ( )0.5 (and)11 ( )0.5 (automation)11 ( )]TJ
0.035 Tc 0.073 Tw 0 -1.231 Td
[(control)10 ( )0.5 (equipment)10 ( )0.5 (and)10 ( )0.5 (supporting)10 ( )0.5 (products)10 ( )0.5 (therefor,)10 ( )0.5 (and)10 ( )0.5 (provision)10 ( )0.5 (of)10 ( )0.5 (corresponding)10 ( )]TJ
0.025 Tc 0 Tw 0 -1.231 Td
(technology transfer, technical consultation and technological services.)Tj
0.029 Tc -0.029 Tw 0 -2.462 Td
(Jiam)Tj
0.079 Tw [(usi)4.1 ( )0.5 (Electric,)4 ( )0.5 (a)4 ( )0.5 (subsidiary)4 ( )0.5 (of)4.1 ( )0.5 (Harbin)4 ( )0.5 (Electric)4 ( )0.5 (Corporation,)4 ( )0.6 (is)4 ( )0.5 (a)4 ( )0.5 (joint)4 ( )0.5 (stock)4.1 ( )0.5 (limited)4 ( )]TJ
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[(code:)12.6 ( 0)12.6 (0)12.6 (0)12.6 (9)12.6 (2)12.5 (2)12.6 (\).)12.6 ( It)12.5 ( is)12.6 ( principally)12.6 ( engaged)12.6 ( in)12.6 ( the)12.6 ( manufacturing)12.6 ( and)12.6 ( sales)12.6 ( of)12.6 ( electric)21 ( )]TJ
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[(motors,)5 ( )0.5 (and)5 ( )0.5 (its)5 ( )0.5 (main)5 ( )0.5 (products)5 ( )0.5 (include)5 ( )0.5 (explosion-proof)5 ( )0.5 (motors,)5 ( )0.5 (motors)5 ( )0.5 (for)5 ( )0.5 (lifting)5 ( )0.5 (and)5 ( )]TJ
0.025 Tc 0 Tw 0 -1.192 Td
(metallurgy, shielded motors, electric pumps and nuclear motors.)Tj
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[(Harbin)1 ( )0.5 (Electric)1 ( )0.5 (Technology)1 ( )0.5 (Company)1.1 ( )0.5 (is)1 ( )0.6 (a)1 ( )0.5 (wholly-owned)1 ( )0.5 (subsidiary)1 ( )0.5 (of)1 ( )0.5 (the)1 ( )0.5 (Company,)1 ( )]TJ
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[(and)12.7 ( is)12.7 ( principally)12.7 ( engaged)12.7 ( in)12.6 ( engineering)12.6 ( and)12.6 ( technical)12.6 ( research)12.6 ( and)12.6 ( experimental)21 ( )]TJ
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f
Q
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Q
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h
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h
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h
1.665 5.245 m
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h
22.32 -8.143 m
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[(Research)10 ( )0.5 (Centre)10 ( )0.5 (entered)10 ( )0.5 (into)10 ( )0.5 (the)10 ( )0.5 (R&D)10.1 ( )0.5 (Projects)10 ( )0.5 (and)9.9 ( )0.5 (Assets)10 ( )0.5 (Transfer)10 ( )0.5 (Agreement)10 ( )0.5 (II)10 ( )]TJ
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(with Harbin Electric Technology Company, pursuant to which Engineering R\
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[(Centre)12.5 ( has)12.5 ( agreed)12.5 ( to)12.5 ( sell,)12.4 ( and)12.5 ( Harbin)12.5 ( Electric)12.4 ( Technology)12.5 ( Company)12.4 ( has)12.5 ( agreed)24 ( )]TJ
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-0.02 Tw (7,325,000)Tj
0.001 Tw (\). The total transfer price )Tj
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(is RMB22,478,500 \(equivalent to approximately HK$)Tj
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