Zhuzhou CRRC Electric outlines dividend plan, board changes

Zhuzhou CRRC Times Electric (HKEX: 3898) has announced its dividend distribution plan for shareholders covering the next three years (2025-2027), aiming for a consistent and stable mechanism that rewards investors and safeguards their rights. The plan outlines methods of profit distribution, prioritizing cash dividends when conditions are met, and potentially including stock dividends alongside cash payouts. The Board will comprehensively consider industry characteristics, development stage, business model, and capital expenditure arrangements to propose differentiated cash dividend policies. The annual cash dividends shall account for no less than 35% of the distributable profits realized in that year, and over a three-year period, the cumulative cash dividends shall be no less than 105% of the annual average distributable profits realized in the most recent three years.