Zhuzhou CRRC Times Electric Co (HK:3898) has released an update.
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Zhuzhou CRRC Times Electric Co., Ltd. has confirmed that its mutual supply transactions with CRRC Group of Companies for the second quarter ended June 30, 2024, were conducted fairly and within set annual limits. These transactions, essential for the company’s operations, meet the governance standards and the independent directors have ensured they align with the company’s and shareholders’ interests. The review is a part of the company’s commitment to maintain transparency and uphold strong corporate governance practices.
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