Summary by Futu AI
CRRC Corporation (CRRC) announced an overseas regulatory announcement on August 23, 2024, which details the updates to the rules and regulations for the management of directors, supervisors, and senior executives' shareholding and its changes. These regulations are based on relevant laws and regulations in China and Hong Kong, aiming to strengthen the management of shareholding changes by senior management and clarify procedures such as share management, information reporting and disclosure, and share lock-up and unlock. The announcement points out that senior executives are not allowed to transfer shares under certain circumstances and sets limits on the proportion of share transfers. In addition, senior executives must comply with laws and regulations such as insider trading and seek the opinions of the board of directors before buying or selling stocks. These regulations will take effect from the date of approval by the board of directors, replacing the old version of the regulations from 2018.