Stock code: 688187(A shares) Stock abbreviation: Times Electric (A shares) Announcement No.: 2024-025

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

ZHUZHOU CRRC TIME ELECTRIC CO., LTD

About Vice Chairman, Executive Director, General Manager and Related Directors

Announcement of Change in Members of the Special Committee of the Board of Directors

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.

Resignation of Vice Chairman and Executive Director of 1. Company

The Board of Directors of Zhuzhou CRRC Times Electric Co., Ltd. (hereinafter referred to as the "Company") in June 2024

Mr. Liu Kean's resignation letter was received on the 12th. Mr. Liu Kean resigned as vice chairman, executive director, member of strategy and ESG committee, chairman and member of risk control committee, science and technology innovation committee

The office of the committee. The above resignation shall take effect from June 12, 2024.

Mr. Liu has confirmed that he has no differences of opinion with the board of directors, and does not have any other information related to his resignation to be made known to the shareholders of the company, the stock exchange of Hong Kong Limited or the Shanghai Stock Exchange.

The board of directors of the company would like to express its heartfelt thanks to Mr. Liu Kean for his important contribution to the development of the company during his tenure.

Changes in the election of vice chairman and executive director, appointment of general manager and members of relevant special committees of the board of directors in 2.

In accordance with the relevant provisions of the Company Law, the Rules of the General Meeting of Shareholders of Listed Companies and the Articles of Association of the Company, shareholders who individually or collectively hold more than 3% of the shares of the company may be held within ten days of the annual general meeting of shareholders.

temporary proposal.

On June 11, 2024, the board of directors of the company received an interim proposal from CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd. (holding about 41.87 per cent of the company's shares) to nominate Mr. Xu Shaolong as a candidate for executive director of the seventh board of directors of the company. to submit it to the annual shareholders' meeting for consideration.

In accordance with the Company Law and the Articles of Association, the Nomination Committee and the Remuneration Committee of the Board of Directors of the Company

The company held the ninth meeting of the seventh board of directors on June 12, 2024.

Consent:

1. Mr. Shang Jing was elected as the vice chairman of the company and served as the chairman of the risk control committee of the company's board of directors.

Member, continued to serve as a member of the Strategy and ESG Committee, and a member of the Science, Technology and Innovation Committee, on June 27, 2024.

He will no longer serve as chairman of the Science and Technology Innovation Committee. The term of office of the above-mentioned positions shall be from the date of deliberation and approval at the ninth meeting of the seventh board of directors to the date of expiration of the term of office of the seventh board of directors.

2. Agree that Mr. Xu Shaolong is a candidate for executive director of the company's seventh board of directors, and serves as the chairman and member of the Science and Technology Innovation Committee of the board of directors, and a member of the Strategy and ESG Committee. After being elected as a director of the company by the company's 2023 annual general meeting of shareholders, the term of office will expire on the date of expiration of the seventh board of directors.

3. Mr. Xu Shaolong is appointed as the general manager of the company, and the term of office is from the date of deliberation and approval at the ninth meeting of the seventh board of directors to the date of expiration of the seventh board of directors.

As of the disclosure date of this announcement, Mr. Xu Shaolong did not hold shares of the company. In terms of qualifications, Mr. Xu Shaolong has the ability and conditions to perform the duties of directors and senior managers, and complies with the "Company Law" and other laws, regulations and the "Articles of Association" related to the qualifications of directors and senior managers, and can be competent for the corresponding Responsibilities, there are no circumstances in which the Company Law and other laws and regulations, as well as the prohibition of employment as stipulated by the China Securities Regulatory Commission, the Shanghai Stock Exchange and the Hong Kong Stock Exchange, are prohibited or punished in the market and have not yet been lifted.

Mr. Xu Shaolong's curriculum vitae is attached.

It is hereby announced.

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

June 12, 2024

Attachments:

Personal Resume

Mr. Xu Shaolong, born in September 1984, is of Chinese nationality and has no right of permanent residence abroad. Graduated in 2006

Bachelor's degree in automation, Zhejiang University; graduated from Zhejiang University in 2016 with a master's degree in electrical engineering; graduated from Central South University in 2023 with a doctorate in transportation engineering; professor-level senior engineer

Cheng Shi. From August 2006 to April 2013, he worked as an engineer in the company's technical center. May 2013 to 2014

In April 2002, he was an engineer of the Research Institute of Zhuzhou Institute of CRRC. Company Technology from April 2014 to June 2017

System Technology Application Engineer, System Technology Team Leader and Transmission Control Minister of the Central Transmission Control Department. 2017

From June to October 2020, he served as Deputy Director and Director of the Company's Rail Transit Technology Center. November 2020

Deputy General Manager of the Company until January 2022. From January 2022 to June 2022, he served as the general manager of CRRC Zhuzhou Institute.

Assistant Manager and General Manager of the Industrial Development Division. From July 2022 to February 2023, he served as the general manager of CRRC Zhuzhou Institute.

Assistant Manager and General Manager of the Integrated Energy Division. From March 2023 to June 2024, he served as Vice President of Zhuzhou Institute of China Motor Corporation.

Manager and General Manager of Integrated Energy Division. From September 2023 to June 2024, he also served as the board of directors of CRRC Zhuzhou Institute.

Secretary. He has been the general manager of the company since June 2024.