Zhuzhou CRRC Times Electric proposes supervisory committee abolition

** Zhuzhou CRRC Times Electric (HKEX: 3898) has announced plans to abolish its Supervisory Committee, a move intended to modernize its corporate governance structure. Subject to shareholder approval at the Annual General Meeting (AGM), the Board will assume the powers and functions previously held by the Supervisory Committee, with the audit committee playing a key role. This decision is based on the new Company Law of the People's Republic of China and other regulatory guidelines. In addition to the committee changes, the company proposes several amendments to its Articles of Association and Rules of Procedures, also subject to shareholder approval. Further, the company is seeking authorization for the Board to determine interim profit distribution for 2025, up to the net profit attributable to shareholders of the listed company. Details of the proposed changes are available in Appendices I, II, and III to the announcement, and a circular with further information will be published on the company's and HKEX's websites. The Company's registered capital is listed as RMB1,357,276,912.