The board of directors of China High Speed Transmission Equipment Group Co., Ltd. announce that with effect from 23 August 2019, Mr. Hu Yueming has ceased to be the chairman of the nomination committee of the company but will remain as an executive Director and Mr. Hu Jichun, the chairman of the Board, an executive Director and the chief executive officer of the company has been appointed as the chairman of the Nomination Committee. Mr. Hu Jichun, aged 40, is the Chairman, an executive Director and the CEO.