(a joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 1133)
RESULTS OF THE 2006 ANNUAL GENERAL MEETING

Harbin Power Equipment Company Limited hereby announces the results of the Annual General
Meeting for the year of 2006 which was held in the conference room on 17th Floor, Block B,
No. 39 Sandadongli Road, Xiangfang District, Harbin at 9:00 am 22nd June, 2007 (Friday). The
shareholders and their proxies who were present at the meeting held a total of 920,014,335
ordinary shares which represented approximately 66.82% of the entire issued share capital of
the Company. A total of 920,014,335 ordinary shares of the Company were held by the
shareholders who were entitled to attend and vote for or against the resolutions at the Meeting.
None of the shareholders were entitled to attend and vote only against the resolutions at the
Meeting. Mr. Shi Lei of Yuehua CPA Limited, the auditor of the Company, was appointed as the
scrutineer for the vote-taking at the meeting. Attorney Li Liping of Haiwen & Partners, the law
consultant of the Company, was present at the meeting. The meeting passed the following
resolutions:
As Ordinary Business:
1. To review and approve the report of the directors for the year ended 31st December,
2006;
2. To review and approve the report of the supervisory committee for the year ended 31st
December, 2006;
3. To receive and approve the audited accounts of the Company and the auditors’ report for
the year ended 31st December, 2006;
4. To approve a final dividend of RMB0.09 per share for the year 2006;
As Special Business:
5. To authorize the Board of Directors of the Company to appoint any person to fill in a
casual vacancy in the Board of Directors or as an additional director, whose term of
office shall expire at the conclusion of the next following annual general meeting of the
Company;
6. To authorize the Board of Directors to re-appoint auditors of the Company and to fix
their remuneration.
By order of the Board of Directors
Ma Sui
Company Secretary
22nd June, 2007
Harbin, PRC
At the date of this announcement, directors of the Company are:
Executive Directors: Mr. Gong Jing-Kun, Mr. Zhao Ke-fei,
Mr. Qu Da-zhuang, Mr. Duan Hong-yi,
Mr. Shang Zhong-fu and Mr. Wu Wei-zhang
Independent Non-executive Mr. Zhou Dao-jun, Ms. Ding Xue-mei,
Directors: Mr. Jia Cheng-bing, Ms. Li He-jun and
Mr. Jiang Kui
“Please also refer to the published version of this announcement in China Daily.”