Three Gorges Base Development Co., Ltd. announced that it will raise CNY 2,000,000,000 in an equity round of funding on February 8, 2021. The transaction will involve participation from returning investors, China Three Gorges Corporation for CNY 945,000,000, China Three Gorges Projects Development Co., Ltd. for CNY 157,000,000 and China Yangtze Power Co.,Ltd. for CNY 600,000,000. Post the closing, the registered capital of the company will increase to CNY 3,575,000,000. Upon closing, China Three Gorges Corporation will continue to hold 60%, China Three Gorges Projects Development Co., Ltd. will continue to hold 10% and China Yangtze Power Co.,Ltd. will retain its 30% stake in the company. The transaction has been reviewed and approved by the sixth audit committee of the fifth session of China Yangtze Power Co.,Ltd., and agreed to be submitted to the China Yangtze Power Co.,Ltd.’s board of directors for deliberation. The 21st meeting of the fifth board of directors of the China Yangtze Power Co.,Ltd. reviewed and approved the proposal on participating in the capital increase of the company and agreed to the China Yangtze Power Co.,Ltd.'s participation in this transaction.