Core Viewpoint - Guangxi Energy Co., Ltd. plans to publicly transfer five small hydropower stations to optimize resource allocation and reduce management costs, with a minimum transfer price set at 36.5004 million RMB based on asset evaluation [1][6][22]. Group 1: Meeting Resolutions - The board of directors approved the proposal to publicly transfer five small hydropower stations with unanimous support [1][8]. - The board also approved the implementation measures for strengthening decision-making supervision in affiliated enterprises [2]. - A risk assessment report for the year 2025 was also approved to enhance the company's risk management mechanisms [3][4]. Group 2: Asset Transfer Details - The five hydropower stations include Shiren Cave, Xiaxian, Sencong, Fanglin, and Danzhu, with a total assessed value of 36.5004 million RMB [7][22]. - The transfer will be conducted through a public listing, and the final transaction price will be determined by the chosen property trading method [6][22]. - The small hydropower stations have been operating at low profitability, contributing minimally to the company's overall financial performance [22]. Group 3: Financial Overview of Hydropower Stations - As of March 31, 2025, the financial status of the hydropower stations shows varying levels of assets and liabilities, with some stations reporting negative equity [15][16][19]. - The total installed capacity of the five stations is 13,800 kW, representing approximately 0.6% of the company's total installed capacity of 2,287,600 kW [22]. - The management costs associated with these small hydropower stations are considered high due to their age and remote locations [22].

Core Viewpoint - Guangxi Energy (600310.SH) announced plans to publicly transfer five small hydropower stations to optimize resource allocation and reduce management costs, focusing on high-quality energy project construction [1] Group 1: Company Actions - The company intends to transfer the following hydropower stations: Shiren Cave Hydropower Station, Xiaxian Hydropower Station, Sencong Hydropower Station, Fanglin Hydropower Station, and Danzhu Hydropower Station [1] - The transfer price will not be less than the assessed value of 36.5004 million yuan, determined by Shenzhen Pengxin Asset Appraisal Co., Ltd [1] - The actual transfer price will be based on the final transaction price generated by the selected property transaction method [1]