Summary by Moomoo AI
CRRC Corporation's Times Electric Co., Ltd. (Times Electric) held its 2023 shareholder annual meeting and 2024 first H-share category shareholder meeting on June 27, 2024, and announced the meeting results. At the meeting, all proposed resolutions were passed, including approval of the 2023 annual report, financial statement report, board of directors and supervisory committee work report, as well as the 2023 profit distribution plan. In addition, the meeting also approved the amount of related party transaction between CRRC Corporation and Times Electric for the lease of housing, ancillary facilities and equipment from 2025 to 2027, and revised multiple corporate governance documents such as the company's articles of association. With regard to changes in the board of directors, Ms. Feng Xiaoyun was elected as an independent non-executive director, while Mr. Xu Shaolong was elected as an executive director and appointed as chairman of the board of directors' technology innovation committee. The shareholder meeting also announced the distribution of cash dividends of RMB 0.78 per share to eligible shareholders, which is expected to be distributed on August 8, 2024.
