Three Gorges Water Resources: Intended to publicly list and transfer all equity of the affiliated company Tian Tai Energy.

The Three Gorges Water Resources announcement aims to further improve asset operational efficiency, continuously optimize the company's strategic layout. The company's wholly-owned subsidiary, Changxing Power, plans to publicly list and transfer all of its 41.0071% equity in affiliated company, Tiantai Energy. The minimum price for this public listing transfer shall not be lower than the evaluation value of 641 million yuan, which is 123.60% higher than the evaluation value of Changxing Power's 41.0071% equity. After this equity transfer is completed, Changxing Power will no longer hold any equity in Tiantai Energy. This transaction will be conducted through a public listing, the target of the transaction has not yet been determined, and does not constitute a related party transaction at this time. This transaction does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies".