Zhuzhou CRRC Times Electric Co (HK:3898) has released an update.
Zhuzhou CRRC Times Electric Co. has confirmed that its mutual supply transactions with CRRC Group Co., Ltd. are consistent with corporate governance standards and in the best interest of its shareholders. These transactions, reviewed quarterly by independent non-executive directors, adhere to established commercial terms and the company’s pricing policies. Shareholder interests have been safeguarded through corporate oversight and adherence to the annual cap amounts for 2024.
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