On December 11, 2019, China Railway Materials International Group Corporation (hereafter referred to CRM International) and RTTE held the signing ceremony of strategic cooperation.

CRM International is wholly owned by China Railway Materials Group Corporation, which is directly controlled by the State-Owned Assets Supervision and Administration Commission of the State Council. It is also one of the pioneer enterprises to "go global" in China's rail transit industry. Its railway equipment export business has extended over the entire globe.  CRM International and RTTE have their respective advantages in the field of rail transit and have a good foundation for cooperation.

Based on the respective development plans and business expansion needs, the two parties will strengthen overseas business layout in the field of international rail transit, and contribute to the implementation of the "Belt and Road" initiative.