On December 6, 2024, crrc corporation held the 29th meeting of the 3rd board of directors, reviewing and approving multiple important proposals. The meeting approved the revision of the investment management measures for domestic and foreign investments and agreed for its wholly-owned subsidiary, crrc Zhuzhou Electrical Locomotive Research Institute Co., Ltd., to implement the construction project of the Baise Tianlin Nabi and Tianlin Lizhou Wind Farm, with a total investment of about 2.456 billion yuan. Looking ahead, the company will continue to promote relevant projects.The meeting also approved crrc Qingdao Sifang Locomotive and crrc Qingdao Sifang Research Institute to implement the crrc Sifang Smart Port project, involving related transactions with the crrc Technology Park, with a transaction amount of approximately 0.868 billion yuan. Directors...Show More

On December 6, 2024, crrc corporation held the 29th meeting of the 3rd board of directors, reviewing and approving multiple important proposals. The meeting approved the revision of the investment management measures for domestic and foreign investments and agreed for its wholly-owned subsidiary, crrc Zhuzhou Electrical Locomotive Research Institute Co., Ltd., to implement the construction project of the Baise Tianlin Nabi and Tianlin Lizhou Wind Farm, with a total investment of about 2.456 billion yuan. Looking ahead, the company will continue to promote relevant projects.The meeting also approved crrc Qingdao Sifang Locomotive and crrc Qingdao Sifang Research Institute to implement the crrc Sifang Smart Port project, involving related transactions with the crrc Technology Park, with a transaction amount of approximately 0.868 billion yuan. Directors Sun Yongcai, Ma Yunshuang, and Wang Yuan abstained from voting due to their involvement in related transactions. These projects have been reviewed and approved by the company’s Audit and Risk Management Committee and an independent director-specific meeting.In addition, the meeting agreed for China CRRC (Hong Kong) Limited to form a consortium with Hong Kong Rail Australia to participate in the bidding for the Sydney Metro West project in Australia, and approved Zhuzhou CRRC Times Electric Co., Ltd. to repurchase no more than 54.2632 million shares of H shares, with a repurchase amount not exceeding 1.702 billion yuan.