According to the announcement released by Crec Heavy Industry (688425.SH), the company recently received a notice from the office of the State-owned Assets Supervision and Administration Commission of the State Council (hereinafter referred to as the 'SASAC') on the assessment results of the 'science and technology reform action' and 'double hundred actions' of central enterprises in 2023 (SASAC Office Document [2024] No. 151). The SASAC assessed the reform progress and effectiveness of 349 'science and technology reform' enterprises and 303 'double hundred' enterprises of central enterprises in 2023, and the assessment results were classified as benchmark, excellent, good, qualified, and unqualified. The company was rated as a benchmark enterprise in the 2023 'science and technology reform' assessment.