Zhuzhou CRRC Times Electric delays circular on connected transactions

Zhuzhou CRRC Times Electric Co., Ltd. announced a delay in dispatching a circular pertaining to its continuing connected transactions with CRRC Group. The circular, originally slated for release by November 20, 2025, will now be dispatched to shareholders by December 1, 2025. This postponement is due to additional time required to prepare and finalize certain information.

The circular is expected to contain details of the 2026-2028 CRRC Group mutual supply agreement and new CRRC Group caps. It will also include advice from VBG Capital to the independent board committee and independent shareholders regarding these agreements, along with the independent board committee's recommendations.

This announcement follows an earlier notification by the company on October 30, 2025. The company's board includes chairman and executive director Li Donglin, vice chairman and executive director Shang Jing, executive director Xu Shaolong, and independent non-executive directors Li Kaiguo, Zhong Ninghua, Lam Siu Fung, and Feng Xiaoyun.