Stock code: 688187 (A shares) Stock abbreviation: Times Electric (A shares) Announcement No.: 2024-046

Stock code: 3898 (H shares) Stock abbreviation: Times Electric (H shares)

Zhuzhou CRRC Times Electric Co., Ltd

Regarding voluntary disclosure, subsidiaries were selected as national-level specialized, refined, and new

Announcement of the list of "Little Giant" enterprises

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

First, the basic situation

According to the "Announcement on the List of the Sixth Batch of Specialized, Specialized and New "Little Giant" Enterprises and the Third Batch of Specialized and Special New "Little Giant" Enterprises (Chongqing)" issued by the Chongqing Municipal Commission of Economy and Information Technology, Chongqing CRRC Times Electric Technology Co., Ltd. (hereinafter referred to as "Chongqing CRRC Times"), a holding subsidiary of Zhuzhou CRRC Times Electric Co., Ltd. (hereinafter referred to as the "Company"), was selected into the "Sixth Batch of National Specialized, Specialized and New 'Little Giant' Enterprises Publicity List".

According to the "Announcement on the List of the Sixth Batch of Specialized, Specialized and New "Little Giant" Enterprises in Shanghai and the Third Batch of Specialized and Special New "Little Giant" Enterprises in Shanghai" issued by the Shanghai Municipal Commission of Economy and Information Technology, the company's wholly-owned subsidiary, Shanghai CRRC Aisendi Marine Equipment Co., Ltd. (hereinafter referred to as "Shanghai CRRC Aisendi") was selected into the "Sixth Batch of National Specialized and Special New 'Little Giant' Enterprise Publicity List".

2. Impact on the company

The state-level specialized and new "little giant" enterprise is the Ministry of Industry and Information Technology to implement the "Guiding Opinions on Promoting the Healthy Development of Small and Medium-sized Enterprises" issued by the General Office of the CPC Central Committee and the General Office of the State Council, the Ministry of Finance and industry

and the relevant requirements of the Ministry of Information Technology's "Notice on Supporting the High-quality Development of "Specialized, Specialized and New" Small and Medium-sized Enterprises (Cai Jian [2021] No. 2), the provincial competent departments of small and medium-sized enterprises in conjunction with the financial departments organized the submission and expert review and other processes, and selected the vanguard enterprises focusing on market segments, strong innovation ability, high market share, mastering core key technologies, and excellent quality and efficiency.

Chongqing CRRC Times and Shanghai CRRC Assendi were selected into the "Sixth Batch of National Specialized and New 'Little Giant' Enterprise Publicity List", which is the recognition of the above-mentioned subsidiaries by relevant government departments in terms of continuous innovation ability, professional development strategy, market competitive advantage, brand influence, etc., which is conducive to improving the visibility and market competitiveness of the company and its related subsidiaries, and will have a positive impact on the company's future development.

3. Risk Warning

This time, Chongqing CRRC Times and Shanghai CRRC Essendi were recognized as national specialized and new "little giant" enterprises, which will not have a significant impact on the company's current operating performance.

Fourth, the documents for reference

1. Announcement on the List of the Sixth Batch of Specialized, Specialized and New "Little Giant" Enterprises and the Third Batch of Specialized and Special New "Little Giants" (Chongqing)

2. Announcement on the List of the Sixth Batch of Specialized, Specialized and New "Little Giant" Enterprises in Shanghai and the Third Batch of Specialized and Special New "Little Giant" Enterprises

The announcement is hereby made.

Board of Directors of Zhuzhou CRRC Times Electric Co., Ltd

September 30, 2024