CRSC proposes governance overhaul, adjusts fundraising projects

China Railway Signal & Communication Corporation Limited will hold its 2025 first extraordinary general meeting on November 21, 2025, to vote on several key resolutions. These include abolishing the supervisory committee, with its functions transferred to the board's audit and risk management committee, and corresponding amendments to the articles of association and rules of procedure for general meetings and the board. This restructuring aims to streamline corporate governance in alignment with updated regulatory requirements.

The company also plans to adjust its fundraising projects. 247.465 million yuan from the advanced and intelligent manufacturing base project on the Sci-Tech Innovation Board will be reallocated to new digital transformation and intelligent manufacturing initiatives. Additionally, 568 million yuan in unutilized H-share proceeds, originally intended for railway transportation PPP projects, will be redirected to general working capital replenishment by December 31, 2025, due to policy changes.

Further resolutions include amending management rules for A-share related party transactions, approving related party transaction estimations for 2026–2028, and renewing a financial services framework agreement between CRSC Group Finance Limited and China CRSC Group for 2026–2028.