CRRC to abolish board of supervisors, proposes dividend, re-elects directors

CRRC Corporation Limited will hold its 2025 Second Extraordinary General Meeting on Monday, September 22, 2025, to consider several key resolutions. Among the significant proposals is the abolishment of the board of supervisors, with its functions and powers to be transferred to the audit and risk management committee of the board. This change necessitates amendments to the company's articles of association and its rules of procedure for general meetings and the board.

Shareholders will also vote on a 2025 interim profit distribution plan. The company proposes a cash dividend of RMB1.1 per 10 shares, totaling RMB3.157 bn, based on a net profit attributable to the parent company of RMB7.246 bn in the first half of 2025. This dividend accounts for 43.57% of the interim net profit.

Additionally, the EGM includes resolutions for the re-election and appointment of non-independent and independent non-executive directors for the fourth session of the board, with cumulative voting to be adopted for these elections.