The board of directors of CRCC High-Tech Equipment Corporation Limited announced that Mr. Ma Changhua has resigned as the joint company secretary of the Company. The Board also announced that Mr. Li Wanqing has been appointed as the Joint Company Secretary with effect from 18 December 2023. Mr. Li will hold the position of company secretary together with Mr. Law Chun Biu, another current Joint Company Secretary.

Biographical details of Mr. Li are set out below: Mr. Li Wanqing, aged 53, currently serves as secretary of the Board of the Company. He obtained a master's degree in international economic and trade relations jointly set up by Nankai University and Flinders University, Australia in September 2016, and has 31 years of experience in the field of railway maintenance machinery manufacturing and repair. From January 2009 to October 2022, he successively served as the deputy director of technological transformation office, head of development planning department, deputy chief economist, office director of the Board, director of equipment management platform and director of test center of the research and design institute, deputy head of strategic investment department, head of equipment department and director of test center of the research and design institute, vice president of the research and design institute and president of the research institute for simulation and engineering testing of the Company.

From October 2022 to November 2023, he successively served as a researcher of special grade, general manager of asset management department, deputy director of large railway track maintenance machinery research and development center, president of the research institute for simulation and engineering testing and senior engineer of the Company. Biographical details of Mr. Law are set out below: Mr. Law Chun Biu, aged 50, serves as one of the Joint Company Secretaries of the Company. He joined the Company and was appointed as the Joint Company Secretary in November 2015.

From March 2000 to December 2002, Mr. Law worked for Harbor Ring Management Limited as an assistant accounting manager. From March 2003 to October 2006, he was a senior accountant of Tonic Electronics Ltd. From October 2006 to April 2007, he was a finance manager of Fuji Kon Industrial Co. Ltd. Since December 2007, he has been a joint company secretary of China Railway Construction Corporation Limited.

Mr. Law is a member of Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. Mr. Law obtained a bachelor's degree from Hong Kong University of Science and Technology in 1997, majoring in business administration. He obtained a master's degree from Hong Kong Polytechnic University in 2006, majoring in information systems.