Hunan Development: Intends to purchase equity in multiple hydroelectric power companies to form a major asset restructuring.

The development announcement of Hunan Province states that the company intends to acquire 90% of the equity of Tongwan Hydroelectric Power, 90% of the equity of Qingshuitang Hydroelectric Power, 88% of the equity of Xiaoxi Hydroelectric Power, and 85% of the equity of Gaotan Hydroelectric Power through the issuance of shares and payment of cash. At the same time, the company plans to issue shares to raise matching funds from up to 35 qualified specific investors. The final transaction amount for this transaction is determined by the two parties to be 1.512 billion yuan. This transaction constitutes a major asset restructuring. The target companies of this restructuring are all engaged in hydropower generation. This restructuring is a merger within the same industry. By acquiring high-quality hydropower assets, the company's hydropower installed capacity and power generation will significantly increase, which is conducive to the company's further focus on its core business.