Three Gorges Water Conservancy: Intending to list and transfer the equity and related debts of Guizhou Wuling Mining.

The Three Gorges Water Conservancy announced that its wholly-owned subsidiary, Wujiang Industry, plans to pre-list its controlling subsidiary, Wuling Mining's controlling rights and related debts on the Chongqing United Equity Exchange. Wuling Mining has a registered capital of 97.6942 million yuan, with Wujiang Industry holding 60% of the shares. As of the end of 2025, its revenue was 71.3893 million yuan, with a net loss of 39.0239 million yuan; by the end of February 2026, revenue was 10.8132 million yuan, with a net loss of 3.0573 million yuan. The pre-listing this time is only for information disclosure, and the specific content of the transaction is still uncertain. The impact on the company's financial situation for this year cannot be determined at this time.