Zheng Quan Ri Bao Zhi Sheng·2025-09-30 11:08Core Viewpoint - The announcement by Times New Materials indicates a planned equity transfer from its controlling shareholder, CRRC Zhuzhou Electric Locomotive Research Institute, to China CRRC, which will not change the company's control structure or operational activities [1] Group 1: Equity Transfer Details - The equity transfer is part of the State-owned Assets Supervision and Administration Commission's initiative to streamline ownership structures [1] - After the transfer, China CRRC will become the controlling shareholder, but the overall equity percentage held by China CRRC will remain unchanged [1] - The actual controller of the company will still be the State-owned Assets Supervision and Administration Commission, ensuring continuity in control [1] Group 2: Impact on Operations - The equity transfer is not expected to affect the normal production and operations of the company [1]