公告日期：2026-03-28

ZHUZHOU CRRC TIMES ELECTRIC ＣＯ.,LTD.
CORPORATE VALUE AND RETURN ENHANCEMENT

ACTION PLAN 2026

INTRODUCTION

This Action Plan is formulated with a view to upholding the development concept of “investors rst” as a listed company,
actively responding to the practice requirements on corporate value and return enhancement of the Shanghai Stock
Exchange, and safeguarding the interests of all shareholders of Zhuzhou CRRC Times Electric Co., Ltd. (the “Company” or
“Times Electric”).

In 2025, based on the con dence in its future prospects and business value, the Company published the Corporate Value
and Return Enhancement Action Plan 2025 of Zhuzhou CRRC Times Electric Co., Ltd. (the “Action Plan”) on 29 March 2025,
and published the Interim Evaluation Report on the Corporate Value and Return Enhancement Action Plan 2025 on 23
August 2025. In accordance with the Action Plan, the Company actively carried out and completed various tasks in 2025,
achieving sound results in high-quality operation, technological innovation and improving shareholder returns.

Year 2026 marks a start of the 15th Five-Year Plan of China. In light of its philosophy of “high-quality operation and
ef cient management” and the strategy of “concentric diversi cation”, the Company will deeply cultivate the rail transit
industry with “smart technologies”, and ride on tailwinds from the “carbon peak and neutrality” strategy to innovatively
develop emerging strategic businesses. Upholding a market-oriented approach, the Company leverages its advantages in
vertical integration of industry chain and cross-disciplinary technical expertise to promote the complementary
coordination and innovative integration of systems. Through digital transformation, the Company further deepens re ned
management, continuously optimises resource allocation, improves ef ciency and bene ts, creates sustainable value for
shareholders and achieves sound development, in an effort to become……
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