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On November 27, CRRC made an announcement regarding its strategic move to facilitate the listing of its subsidiary, CRRC Qishuyan Locomotive and Rolling Stock Technology Research Institute Co., Ltd., on the ChiNext market—a segment of the Shenzhen Stock Exchange dedicated to innovative and high-growth enterprises. This spin-off initiative is designed in a manner that preserves the existing equity structure of the parent company, with CRRC retaining its controlling stake in the subsidiary. The execution of this spin-off is contingent upon the fulfillment of several prerequisites, notably including the formal endorsement by the shareholders' meeting. Additionally, it necessitates adherence to the prescribed listing procedures set forth by the stock exchange and the China Securities Regulatory Commission, along with compliance with all other legal and regulatory requirements.
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