Three Gorges Water Conservancy: Intends to publicly list and transfer the equity of its subsidiary joint-stock companies.

Three Gorges Water Conservancy announced on the evening of July 11th that its wholly-owned subsidiary, Chongqing Liangjiang Changxing Power Co., Ltd., plans to publicly list and transfer its 41.0071% stake in Chongqing Tiantai Energy Group Co., Ltd. The minimum bidding price for this public listing and transfer shall not be lower than the appraisal value of 6.41 billion yuan as stated in the evaluation report by Zhongrui Asset Appraisal Group Co., Ltd., corresponding to the 41.0071% equity held by Changxing Power, with an appreciation rate of 123.60%. After the completion of this equity transfer, Changxing Power will no longer hold any shares in Tiantai Energy.