Stock code: 688187(A shares) Stock abbreviation: Times Electric (A shares) Announcement No.: 2023-016

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

ZHUZHOU CRRC TIME ELECTRIC CO., LTD

About the holding subsidiary Zhuzhou CRRC Times Semiconductor Co.

Division was selected as a "green factory" announcement.

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

1. basic information

Zhuzhou CRRC Times Semiconductor Co., Ltd. (hereinafter referred to as "CRRC Times Semiconductor"), a holding subsidiary of Zhuzhou CRRC Times Electric Co., Ltd. (hereinafter referred to as "the Company"), recently received a notice from the General Office of the Ministry of Industry and Information Technology on the announcement of the 2022 green manufacturing list (Section letter [2023] No. 64), CRRC Times Semiconductor was selected into the list of "green factories.

In order to implement the "14th Five-Year Plan for Industrial Green Development" and the "Implementation Plan for Carbon Peak in the Industrial Sector" and continuously improve the green manufacturing system, the 2022 green manufacturing list has been determined through procedures such as self-evaluation by the reporting unit, evaluation by third-party institutions, evaluation and confirmation by the provincial competent department of industry and information technology, and expert argumentation and publicity. CRRC Times Semiconductor was successfully selected into the list of "green factories.

The impact of 2. on the company and risk tips.

The company's holding subsidiary CRRC Times Semiconductor will accelerate the promotion of green manufacturing and in-depth implementation of green manufacturing projects in accordance with the work deployment of the Ministry of Industry and Information Technology. The inclusion of CRRC Times Semiconductor in the "Green Factory" list will not have a significant impact on the company's current operating performance. Investors are kindly requested to pay attention to investment risks.

It is hereby announced.

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

10 April 2023