On December 1, Three Gorges Energy announced that the company intends to transfer 90% of its holding subsidiary Caixia Yingshang New Energy Co., Ltd. (Caixia Company) to its holding subsidiary Three Gorges (Anhui) Energy Investment Co., Ltd. (Anhui Energy Investment) at a price of 264 million yuan.
The announcement shows that the business scope of Caixia Yingshang New Energy Co., Ltd. covers power generation, transmission and power supply business; solar power generation technology services; sales of new energy motive equipment; research and development of emerging energy technologies, etc. After
this equity transfer, the indirect shareholding ratio of Three Gorges Capital Holding Co., Ltd. (Hereinafter referred to as Three Gorges Capital), the shareholder of Anhui Energy Investment, to Caixia Company has increased. Three Gorges Capital is a related legal person of the company. Based on the principle of prudence, this transaction is recognized as a related transaction.
Three Gorges Energy said that this transaction is a transfer of shares between the company and its holding subsidiaries, which can strengthen the strategic cooperation between the company and its brothers, bring into play the business synergy effect, promote the regional development of the company in Anhui Province, further expand the demonstration effect and influence of industrial investment in Anhui Province, and scale up the development of new energy business. In line with the company's long-term development plan.