Times Electric unveils 2025 payout plan, seeks RMB35.60 billion credit lines and new Board slate ahead of 26 June AGM

Times Electric (Zhuzhou CRRC Times Electric Co., Ltd.) will ask shareholders to endorse a RMB0.68 cash dividend per share for FY 2025 at the annual general meeting scheduled for 26 June 2026 in Zhuzhou.

Key AGM resolutions

• Dividend: The proposed final dividend amounts to RMB923.21 million (tax inclusive) on 1.36 billion shares eligible on the record date, lifting full-year cash distributions (including the interim payout already made) to RMB1.52 billion, or 37.12% of 2025 attributable profit.

• Profit authorisation: The Board seeks authority to declare interim dividends for 2026 within the limits of that year’s interim net profit.

• Bank facilities: Management plans to secure composite credit lines totalling RMB35.60 billion from 18 domestic and offshore banks, led by China Construction Bank (RMB8.00 billion) and Bank of China (RMB6.62 billion).

• Share mandates: – Issue mandate—authority to issue up to 20% of each of the Company’s A- and H-share classes via shares or equity-linked instruments. – Repurchase mandate—authority to buy back up to 10% of the H-share float during the mandate period.

• Auditors: Re-appointment of KPMG Huazhen LLP, with 2026 audit fees expected to remain at the 2025 level of RMB5.60 million.

• Board remuneration: Independent directors to receive annual allowances of RMB0.10 million, except Lam Siu Fung who will receive RMB0.244 million; executive directors will not receive director fees.

• Governance updates: Adoption of a new remuneration management system for directors and senior management, and authority for the Board to handle interim profit distribution and other administrative matters.

Board renewal

Shareholders will vote on the eighth-session Board: – Executive directors: Li Donglin (current chairman), Shang Jing (vice-chairman) and Xu Shaolong (general manager). – Independent non-executive directors: Li Kaiguo, Zhong Ninghua, Lam Siu Fung and Feng Xiaoyun.

Meeting logistics

The AGM, A- and H-share class meetings will be held sequentially on 26 June 2026. The share register closes 23–26 June for voting rights and 3–8 July for the dividend entitlement.

Times Electric’s share capital stood at 1.36 billion shares as of 28 February 2026, comprising 868.91 million A shares and 488.76 million H shares after deducting 283,900 treasury shares.

Approval of the resolutions will grant the Board wide flexibility over capital management, financing and governance as the company pursues further growth following its 2025 net profit of RMB4.10 billion.