CRRC : ANNOUNCEMENT ON DISTRIBUTION OF DIVIDEND FOR 2019 TO THE HOLDERS OF A SHARES

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國中車股份有限公司

CRRC CORPORATION LIMITED

(a joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1766)

ANNOUNCEMENT ON DISTRIBUTION

OF DIVIDEND FOR 2019 TO THE HOLDERS OF A SHARES

Reference is made to the announcement (the "Announcement") of the poll results of the 2019 annual general meeting (the "AGM") of CRRC Corporation Limited (the "Company") dated 18 June 2020. The 2019 profit distribution plan of the Company has been approved at the AGM. Unless otherwise defined in this announcement, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Company has disclosed in the Announcement the arrangement in relation to the distribution of the 2019 Final Dividend to the holders of H Shares of the Company. As stated in the Announcement, the Company sets out matters in relation to the distribution of the 2019 Final Dividend to the holders of A Shares of the Company as follows:

1. The A Share dividend distribution plan

1. Payment year: 2019
2. Record date: Thursday, 13 August 2020
3. Ex-dividenddate: Friday, 14 August 2020
4. Cash dividend payment date: Friday, 14 August 2020
5. Recipients: all holders of A Shares whose names appear on the register of members of the Company, as maintained by China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as at the close of trading hours of the Shanghai Stock Exchange in the afternoon of 13 August 2020.
6. Amount to be paid: each Share shall be entitled to a cash dividend of RMB0.15 (tax inclusive) totalling RMB4,304,829,613.20 (tax inclusive).

1

2. Matters in relation to profit distribution to investors of Northbound Trading in the Hong Kong market

For investors of The Stock Exchange of Hong Kong Limited (including enterprises and individuals) investing in the A Shares of the Company through northbound trading under the Shanghai-Hong Kong Stock Connect (the "Northbound Trading Investors"), their dividends will be distributed by the Company in RMB to the accounts of the nominal holders of such Shares through China Securities Depository and Clearing Corporation Limited, Shanghai Branch and their taxes will

be withheld pursuant to the Notice of MOF, SAT and CSRC on the Tax Policies Related to the Pilot Program of the Shanghai-HongKong Stock Connect (財政部、 國家稅務總局、證監會關於滬港股票市場交易互聯互通機制試點有關稅收政策 的通知) (Cai Shui [2014] No. 81). The Company will withhold their income taxes at the rate of 10% and the actual cash dividend after tax to be distributed will be RMB0.135 per Share. For the Northbound Trading Investors who are tax residents of other countries and whose country of domicile is a country which has entered into a tax treaty with the PRC stipulating a dividend tax rate of lower than 10%, those enterprises and individuals may, or may entrust a withholding agent to, apply to the competent tax authority of the Company for the entitlement of the applicable tax rate under such tax treaty. Upon approval by the competent tax authority, the paid amount in excess of the tax payable based on the tax rate according to such tax treaty will be refunded.

Timetable arrangements such as the record date, the ex-dividend date and the cash dividend payment date for Northbound Trading Investors will be the same as those for the holders of A Shares of the Company.

By order of the Board

CRRC Corporation Limited

Liu Hualong

Chairman

Beijing, the PRC

6 August 2020

As at the date of this announcement, the executive Directors of the Company are Mr. Liu Hualong, Mr. Sun Yongcai and Mr. Lou Qiliang; and the independent non- executive Directors are Mr. Li Guo'an, Mr. Sun Patrick, Mr. Shi Jianzhong and Mr. Zhu Yuanchao.

2