Hubei Province Changjiang Industry Investment Group Co., Ltd. signed the share transfer agreement to acquire 15.6% stake in Changjiang Securities Company Limited (SZSE:000783) from Hubei Energy Group Co., Ltd. (SZSE:000883) and Three Gorges Capital Holdings Co., Ltd. for CNY 7.07 billion on December 24, 2023. consideration was paid in the form of cash CNY 8.20 per share. As on March 29, 2024, Hubei Province Changjiang Industry Investment Group Co., Ltd. signed the share transfer agreement with Hubei Energy Group Co., Ltd. and Three Gorges Capital Holdings Co., Ltd. Transaction was already approved by Hubei Province Changjiang Industry Investment Group and Hubei Energy Group Co., Ltd. and Three Gorges Capital Holdings's board of director's. Transaction is subject to approval from Hubei Energy Group's shareholders.

Transaction is subject to approval from state-owned assets supervision and administration authority, State Administration for Market Regulation,China Securities Regulatory Commission, Confirmation letter of this share transfer to be issued by the Shenzhen Stock Exchange and ·Completion of share registration procedures in China Securities Depository and Clearing Co., Ltd. Shenzhen branch.