Three Gorges Energy: Plans to invest 340 million yuan in establishing a joint venture, constituting a related party transaction.

The Three Gorges Energy announcement states that the company plans to jointly establish Three Gorges Group Qinghai Energy Investment Co., Ltd. in Qinghai with Yangtze Power and Three Gorges Investment, with a registered capital of 1 billion yuan. The company intends to subscribe to 340 million yuan, accounting for 34%, while the other two parties will each subscribe to 330 million yuan, each accounting for 33%. Yangtze Power and Three Gorges Investment are subsidiaries of the company's controlling shareholders. This transaction constitutes a related party transaction and does not constitute a significant asset reorganization. In the past 12 months, the company has conducted non-routine related party transactions with the same related party totaling 1.957 billion yuan, which accounts for 2.21% of the most recent audited net assets. The joint venture may face operational risks, and investment returns are uncertain.