【Responsible Corporate Governance】All CRRC-Affiliated Listed Companies Receive the Highest Rating in Annual Information Disclosure Assessment

  Recently, the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) released the results of the 2024–2025 annual information disclosure assessment for listed companies. All four CRRC-affiliated listed companies—CRRC Corporation Limited (601766.SH), Zhuzhou Times New Material Technology (600458.SH), CRRC Times Electric (688187.SH), and Vontron Technology (000920.SZ)—received the highest rating of Grade A.

  Among them: CRRC Corporation Limited has received the top rating for ten consecutive years since its establishment. Zhuzhou Times New Material Technology received an A rating for the second consecutive year. CRRC Times Electric has been rated A each year since the SSE STAR Market launched its disclosure assessment in 2023. Vontron Technology received an A rating for the first time since its IPO.

  The results reflect the exchanges’ strong recognition of CRRC-affiliated listed companies for their compliance performance in the capital market—particularly in standardized operations, information disclosure, investor relations, and market value management.

  The annual information disclosure assessment evaluates the overall quality of listed companies’ disclosure practices. Key areas include the compliance and effectiveness of information disclosure, investor relations management, shareholder return practices, and social responsibility performance.

  2,263 companies in the SSE participated in the evaluation, with only 430 receiving an A rating; in the SZSE, 2,841 companies participated, with only 523 achieving an A rating. The fact that all four CRRC-affiliated listed companies achieved the top rating highlights the group’s long-standing commitment to standardized governance and compliance excellence:

1. Strengthening corporate governance systems, ensuring clearly defined and transparent responsibilities, coordinated operations, effective checks and balances, and governance practices that are both well-designed and efficient.
2. Enhancing information disclosure governance by developing a professional disclosure team and strengthening systems, personnel, and processes to ensure that disclosure work is conducted lawfully, in compliance, and in an orderly manner.
3. Expanding investor communication channels, engaging investors through earnings briefings, roadshows, onsite visits, reverse roadshows, SSE E-Interaction, SZSE Interaction Easy IR, investor hotlines, and IR email.
4. Prioritizing shareholder returns by exploring diversified return mechanisms and fulfilling listed companies’ responsibilities to investors.

  CRRC Group and its listed subsidiaries will continue to implement the requirements of the State Council’s updated “New Nine Rules,” uphold sound and standardized corporate governance, improve information disclosure quality, safeguard investors’ lawful rights and interests, and support the group’s high-quality development—continuing to strengthen CRRC’s reputation as a leading corporate brand.