China Central Automobile Co., Ltd. (CRRC) published its 2023 Internal Control Evaluation Report on March 28, 2024. The report shows that as of December 31, 2023, the internal control of the company's financial statements has not been identified, and effective internal control of financial reporting is maintained in all significant respects. At the same time, the company also did not find significant flaws in the internal controls of non-financial reporting. The evaluation covers the company's headquarters and 30 Tier 1 subsidiaries and covers the main aspects of the company's business management. During the reporting period, the Company has taken corrective action to address the general defects found and there are no significant or significant internal controls that have not been completed. The Board...Show More

China Central Automobile Co., Ltd. (CRRC) published its 2023 Internal Control Evaluation Report on March 28, 2024. The report shows that as of December 31, 2023, the internal control of the company's financial statements has not been identified, and effective internal control of financial reporting is maintained in all significant respects. At the same time, the company also did not find significant flaws in the internal controls of non-financial reporting. The evaluation covers the company's headquarters and 30 Tier 1 subsidiaries and covers the main aspects of the company's business management. During the reporting period, the Company has taken corrective action to address the general defects found and there are no significant or significant internal controls that have not been completed. The Board of Directors, the Supervisory Board and senior management are legally responsible for the veracity, accuracy and completeness of the content of the report. IN THE FUTURE, CRRC WILL CONTINUOUSLY OPTIMIZE ITS INTERNAL CONTROL, RISK AND COMPLIANCE MANAGEMENT SYSTEM TO STRENGTHEN INTERNAL CONTROL INSPECTION AND OVERSIGHT IN KEY AREAS SUCH AS OVERSEAS BUSINESS AND NEW INDUSTRIES.