Chongqing Three Gorges Water Conservancy And Electric Power (600116.SH): Pre-listing transfer of 67% equity of Guizhou Wuling Manganese Industry Co., Ltd.

Chongqing Three Gorges Water Conservancy And Electric Power (600116.SH) announced that its wholly-owned subsidiary, Chongqing Wujiang Industry (Group) Co., Ltd. (referred to as "Wujiang Industry"), plans to transfer 67% equity of its wholly-owned subsidiary Guizhou Wuling Manganese Industry Co., Ltd. (referred to as "Wuling Manganese Industry") through pre-listing on the Chongqing United Property Exchange. This equity transfer listing is beneficial for the company to further focus on its main responsibilities and core businesses, enhance its core industry's operational development capabilities, stabilize the company's operational performance, and comply with regulations on state-owned asset supervision and management, and meet the company's strategic development needs. As the evaluation work is still ongoing, the impact on the company's financial situation for the current year cannot be determined at this time.