Summary by Futu AI
CHINA CENTRAL CAR CO., LTD. HELD THE 24TH MEETING OF THE THIRD BOARD OF DIRECTORS ON 29 APRIL 2024. THE MEETING WAS CHAIRED BY MR. SUN YONGCHAI, CHAIRMAN, AND ALL DIRECTORS ATTENDED. The meeting passed several motions including the 2024 first quarter report. AMONG THEM, THE COMPANY AGREED TO ITS FIRST QUARTER 2024 REPORT AND DECIDED TO JOINTLY INVEST WITH BRAZILIAN COMPANY COMPORTE TO ESTABLISH A PPP PROJECT ON THE NORTHERN AXIS OF THE SAN PAULO INTERCITY RAILWAY IN BRAZIL, WITH A REGISTERED CAPITAL OF 21.28 BILLION REAIS, AND THE HONG KONG COMPANY INVESTED APPROXIMATELY RMB 12.29 BILLION AND A 40% STAKE. In addition, the meeting also approved a motion by a Hong Kong company to provide a guarantee of performance for the PPP project with a guarantee of performance of no more than approximately RMB 4.09 billion. Finally, the conference approved the transaction related to the transfer of the 49% shareholding of Tsura Industrial Park Company to the Mid-Range Technology Park. All resolutions are subject to the unanimous consent of the attending directors.