CRRC Corporation Co., Ltd. announces that as of the announcement date, all members of its Board of Directors are male, which does not meet the diversity standards required by Article 13.92 of the Hong Kong Stock Exchange listing rules. The company is committed to appointing suitable female candidates as directors by March 31, 2025, to comply with relevant regulations.The company has stated that it has made every effort to identify suitable female candidates, but due to the appointment process requiring approval from the Board of Directors and shareholders' meetings, and considering multiple factors by the controlling shareholder, CRRC Group Co., Ltd. when evaluating director candidates, the review period has been lengthened. CRRC is actively communicating with CRRC Group and will hold relevant...Show More

CRRC Corporation Co., Ltd. announces that as of the announcement date, all members of its Board of Directors are male, which does not meet the diversity standards required by Article 13.92 of the Hong Kong Stock Exchange listing rules. The company is committed to appointing suitable female candidates as directors by March 31, 2025, to comply with relevant regulations.The company has stated that it has made every effort to identify suitable female candidates, but due to the appointment process requiring approval from the Board of Directors and shareholders' meetings, and considering multiple factors by the controlling shareholder, CRRC Group Co., Ltd. when evaluating director candidates, the review period has been lengthened. CRRC is actively communicating with CRRC Group and will hold relevant meetings as soon as practicable to complete the appointment of female directors within the stipulated timeframe.The company emphasizes that when selecting director candidates, various factors will be considered, including professional knowledge, industry experience, personal integrity, honesty, skills, and time commitment, to ensure the overall quality and diversity of the Board of Directors. This initiative aims to enhance corporate governance standards and meet the requirements for board diversity for listed companies set by the Hong Kong Stock Exchange.