CRRC Times Electric unit forms Beijing IGCT semiconductor JV, invests CNY 192.07 million

• Zhuzhou CRRC Times Electric will form an IGCT-focused semiconductor joint venture in Beijing’s Huairou district with Huairou Laboratory partners.
• Subsidiary CRRC Times Semiconductor will invest CNY 192.07 million for a 67% stake in the venture, which will be consolidated.
• Total registered capital set at CNY 286.67 million; Huairou Laboratory contributes CNY 64.5 million in intangible assets for 22.5%.
• Other investors contribute the remaining 10.5%, largely via intangible assets; capital to be funded in a single tranche within 120 days.
• Venture targets deeper IGCT product development, broader applications, stronger semiconductor competitiveness.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhuzhou CRRC Times Electric Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260731-12264392), on July 31, 2026, and is solely responsible for the information contained therein.