Stock code: 600116 Stock abbreviation: Three Gorges Water Conservancy Number: Lin 2026-005
Chongqing Three Gorges Water Conservancy and Electric Power (Group) Co., Ltd.
Announcement on the progress of the 2025 guarantee plan
The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
Within the 2025 annual guarantee plan of Chongqing Three Gorges Water Conservancy and Electric Power (Group) Co., Ltd. (hereinafter referred to as the "Company"), there will be no new guarantees in January 2026.
As of January 31, 2026, the cumulative guarantee balance of the company and its subsidiaries was RMB 1,157,847,400, and the total guarantees of the company and its subsidiaries were RMB 3,120,069,400 [including the unused quota of RMB 1,950 million in the 2025 guarantee plan and the company's Its wholly-owned subsidiary Chongqing Fuling Julong Electric Power Co., Ltd. (hereinafter referred to as "Julong Electric Power") has an unused amount of 1,222.20 out of the total guarantee provided by its joint-stock company Chongqing Kolkeke New Materials Co., Ltd. (hereinafter referred to as "Kolkeke Company") with a 31.5% stake. million], accounting for 28.29% of the company’s audited net assets attributable to shareholders of listed companies in 2024. As of the disclosure date of this announcement, the company has no overdue guarantees.
Other explanations: The guarantee balance, amount incurred, total amount and repayment amount in this announcement are
Inconsistencies in the mantissas of the items are due to rounding.
1. Overview of Guarantee
(1) Overview of the 2025 Guarantee Plan
The company held the 29th meeting of the 10th board of directors and the 2024 annual shareholders' meeting on April 23 and June 27, 2025, respectively, and reviewed and approved the "Proposal on the Company's 2025 Guarantee Plan". The meeting agreed that the company's total new guarantees for the 2025 guarantee plan would not exceed 1.95 billion yuan, and agreed to authorize the general manager's office meeting to be specifically responsible for handling the above guarantee matters. The applicable period is from the date of approval by the shareholders' meeting to the re-evaluation of the guarantee limit at the next shareholders' meeting. The guaranteed parties in the company's 2025 annual guarantee plan are the company's wholly-owned subsidiaries and holding subsidiaries, including 5 wholly-owned subsidiaries, with a guarantee amount of 750 million yuan; and 1 holding subsidiary, with a guarantee amount of 200 million yuan; when conducting bill pool business, the cumulative amount of mutual guarantees between the company and its subsidiaries and subsidiaries does not exceed 1 billion yuan. For details of the above, please refer to the "Announcement on the Resolution of the Twenty-ninth Meeting of the Tenth Board of Directors" (Lin No. 2025-014), the "Announcement on the Guarantee Plan for 2025" (Lin No. 2025-018), and the "Announcement on the Resolution of the 2024 Annual General Meeting of Shareholders" (Lin No. 2025-027) disclosed by the company on the Shanghai Stock Exchange website on April 25 and June 28, 2025 respectively.
(2) Progress of the guarantee plan
Within the 2025 annual guarantee plan, the company and its subsidiaries did not add or release guarantees in January 2026.
In addition to the above-mentioned annual guarantee plan, in the same month, the company's wholly-owned subsidiary Julong Electric Power Co., Ltd.'s joint-stock company Kolcok Company repaid a loan of 13.81 million yuan to Shanghai Pudong Development Bank Chongqing Branch, thereby releasing Julong Power's guarantee liability of 4.3502 million yuan based on the shareholding ratio.
2. Necessity and Reasonability of Guarantee
The company's 2025 annual guarantee plan is a reasonable estimate based on actual operating needs and funding arrangements to meet the funding needs of some of its affiliated companies. All guaranteed entities are wholly-owned and controlled subsidiaries of the company. The company has sufficient control and can effectively monitor and manage its production and operations. The overall guarantee risk is controllable and will not have an adverse impact on the company's normal operations, financial status and operating results.
3. Opinions of the Board of Directors
The 29th meeting of the company's 10th board of directors reviewed and approved the "Proposal on the Company's 2025 Guarantee Plan". The board of directors believes that all guaranteed entities in the 2025 guarantee plan are wholly-owned and controlled subsidiaries of the company, their operating conditions are stable, and they have the ability to perform guarantees. The company has sufficient control over its wholly-owned and controlled subsidiaries and can effectively monitor and manage its production and operations. The overall guarantee risk is controllable and will not have an adverse impact on the company's normal operations, financial status and operating results. In order to meet the capital needs for the development of some of the company's subsidiaries and enable them to develop healthily and sustainably, based on the actual operating needs and capital arrangements of the company and its subsidiaries, the meeting agreed on the company's 2025 annual guarantee plan, with an additional guarantee limit of 1.95 billion yuan, and agreed to request the general meeting of shareholders to authorize the General Manager's Office to be specifically responsible for handling the above guarantee matters. The applicable period is from the date of approval by the 2024 annual shareholders' meeting to the re-evaluation of the guarantee limit at the next shareholders' meeting.
4. Cumulative number of guarantees and number of overdue guarantees
As of January 31, 2026, the total guarantee amount of the company and its subsidiaries was 3.1200694 million yuan (including the unused quota of 1.95 billion yuan in the 2025 guarantee plan and the company's wholly-owned subsidiary Julong Electric Among the total guarantees provided by Colcock Company, which holds 31.5% of its shares, the unused amount is 12.222 million yuan), accounting for 28.29% of the company's audited net assets attributable to shareholders of listed companies in 2024. The company's current guarantees are all guarantees for wholly-owned subsidiaries, joint ventures and subsidiaries. There are no guarantees for controlling shareholders, actual controllers and their related parties. There are guarantees for other external units. The company and its subsidiaries have no overdue external guarantees.
Announcement is hereby made.
Chongqing Three Gorges Water Conservancy and Electric Power (Group) Co., Ltd.
Board of Directors
February 13, 2026
