CRRC appoints Qu Xiaoli as CFO

CRRC appoints Qu Xiaoli as CFO

CRRC Appoints Qu Xiaoli as Chief Financial Officer

On March 1, 2026, China CNR Corporation Limited (CRRC, stock codes: 601766.A and 1766.H) announced the appointment of Qu Xiaoli as its new Chief Financial Officer and Chief Accountant. The decision was approved by CRRC's Fourth Board of Directors during a meeting held on February 28, 2026, where all eight directors voted in favor of the appointment. Qu Xiaoli's tenure will last until the conclusion of the Fourth Board's term.

Qu Xiaoli brings extensive experience in financial leadership, having previously served as a member of the Standing Committee and Deputy General Manager at China National Building Material Group Corporation. Her appointment follows a series of leadership adjustments within central enterprises overseen by China's State-owned Assets Supervision and Administration Commission (SASAC).

The announcement highlights CRRC's ongoing efforts to strengthen financial governance amid its strategic expansion. As CFO, Qu will oversee financial operations, accounting, and related corporate functions, aligning with the company's focus on operational efficiency and compliance. CRRC, a leading manufacturer of rail transit equipment, has emphasized the importance of robust financial management to support its global growth initiatives and technological innovation.

This leadership change is part of broader personnel updates across 14 central enterprises, reflecting SASAC's ongoing restructuring efforts to enhance corporate governance and accountability. Investors may monitor how Qu's leadership impacts CRRC's financial strategies, particularly as the company navigates challenges in the rail equipment sector, including supply chain dynamics and evolving regulatory requirements.

For further details, refer to CRRC's official announcement dated February 28, 2026.

(https://reportify.cc/companies/SH:601766/documents): Information sourced from CRRC's official announcements and related personnel updates.