On 15 September 2023, the board of China Railway Signal & Communication Corporation Limited has considered and approved to engage Mr. LOU Qiliang as the president of the company with effect from 15 September 2023. Mr. LOU Qiliang has undertaken that during his concurrent services as the president of the company and the general manager of China Railway Signal and Communication (Group) Corporation Limited, the controlling shareholder of the company, he will perform his duties diligently and devotedly and deal well with the relationship between the company and its controlling shareholder, and will not impair the interests of the company and its minority shareholders due to such concurrent position.