On December 23, 2024, CRRC Corporation held the 30th meeting of the third Board of Directors, during which an important equity transfer proposal was approved. The meeting was chaired by Chairman Sun Yongcai, with 6 directors present and 1 director authorized to vote by proxy.According to the meeting's resolution, the Board of Directors unanimously agreed to transfer 80% of the equity held by the wholly-owned subsidiary CRRC Asset Management Co., Ltd. in Beijing North China Railway Transportation Equipment Co., Ltd. (referred to as 'the Equipment Company') to CRRC Corporation without compensation. After the completion of this equity transfer, the Equipment Company will become a first-level subsidiary of CRRC Corporation, directly controlled by the parent company. This decision reflects the company's strategic adjustment of its business structure, possibly aimed at optimizing resource allocation and enhancing management efficiency.

On December 23, 2024, CRRC Corporation held the 30th meeting of the third Board of Directors, during which an important equity transfer proposal was approved. The meeting was chaired by Chairman Sun Yongcai, with 6 directors present and 1 director authorized to vote by proxy.According to the meeting's resolution, the Board of Directors unanimously agreed to transfer 80% of the equity held by the wholly-owned subsidiary CRRC Asset Management Co., Ltd. in Beijing North China Railway Transportation Equipment Co., Ltd. (referred to as 'the Equipment Company') to CRRC Corporation without compensation. After the completion of this equity transfer, the Equipment Company will become a first-level subsidiary of CRRC Corporation, directly controlled by the parent company. This decision reflects the company's strategic adjustment of its business structure, possibly aimed at optimizing resource allocation and enhancing management efficiency.