China Central Automobile Co., Ltd. (“CRRC”) issued on 28 March 2024 the 2023 Independent Director's Report, written by Mr. Wei Mingde, the Independent Director. In the report, Mr. Weiming detailed his seniority status in 2023, including the number of board and shareholder meetings he attended, the work of the Nominating Committee and Audit and Risk Management Committee, and his review of the company's internal controls and financial reporting. Mr. Wei stressed his independence and objectivity in the performance of his duties as an independent director, and mentioned his communication with the company's internal audit institutions and accounting firms. HE ALSO MENTIONED ON-SITE SURVEYS OF COMPANIES, AS WELL AS COMMUNICATION WITH SMALL AND MEDIUM-SIZED SHAREHOLDERS. Mr. Wei confirmed that he...Show More

China Central Automobile Co., Ltd. (“CRRC”) issued on 28 March 2024 the 2023 Independent Director's Report, written by Mr. Wei Mingde, the Independent Director. In the report, Mr. Weiming detailed his seniority status in 2023, including the number of board and shareholder meetings he attended, the work of the Nominating Committee and Audit and Risk Management Committee, and his review of the company's internal controls and financial reporting. Mr. Wei stressed his independence and objectivity in the performance of his duties as an independent director, and mentioned his communication with the company's internal audit institutions and accounting firms. HE ALSO MENTIONED ON-SITE SURVEYS OF COMPANIES, AS WELL AS COMMUNICATION WITH SMALL AND MEDIUM-SIZED SHAREHOLDERS. Mr. Wei confirmed that he complied with the independence requirements of independent directors and that there was no impact on independence. At the end of the report, Mr. Weiming gave a positive assessment of the Company's 2022 profit allocation plan and internal control execution and pledged to continue as an independent non-executive director of the company in 2024, fulfilling his duties.