CRRC : ANNOUNCEMENT - APPOINTMENT OF VICE PRESIDENT

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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

APPOINTMENT OF VICE PRESIDENT

The board of directors (the "Board") of CRRC Corporation Limited (the "Company") announced that on the twenty-second meeting of the second session of the Board held on 28 August 2020, the resolution in relation to the Appointment of the Vice President of CRRC Corporation Limited was considered and approved and Mr. Wei Yan was appointed as the Company's Vice President with a term commencing from the date of consideration and approval by the Board until the date of expiry of the term of the second session of the Board. The Company's independent non-executive directors have issued their independent opinions on the candidate for the Vice President and considered that Mr. Wei Yan has fulfilled the qualification requirements for the position and agreed on his appointment as the Vice President of the Company.

The biographical details of Mr. Wei Yan are set out as below:

Mr. Wei Yan, born in 1963, a Chinese national with no right of abode overseas, is a holder of postgraduate degree, a professorate senior engineer, a standing member of the Party Committee of CRRC Group Co., Ltd. and a standing member of the Party Committee of CRRC Corporation Limited. Mr. Wei served as the deputy general manager of China CNR Qiqihar Railway Vehicle (Group) Co., Ltd., the chairman, general manager and deputy party secretary of China CNR Qiqihar Railway Vehicle (Group) Co., Ltd., the chairman, general manager and deputy party secretary of China CNR Qiqihar Railway Vehicle (Group) Co., Ltd. and the chairman and general manager of Qiqihar Railway Rolling Stock Co., Ltd., the assistant to president of China CNR Corporation Limited and general manager of the freight wagon business division, the chairman and party secretary of Qiqihar Railway Rolling Stock Co., Ltd., the assistant

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to president of China CNR Corporation Limited and the chairman, general manager and deputy party secretary of Qiqihar Railway Rolling Stock Co., Ltd., the standing member of the Party Committee of China Northern Locomotive & Rolling Stock Industry (Group) Corporation, the standing member of the Party Committee and vice president of China CNR Corporation Limited and the standing member of the Party Committee and deputy general manager of CRRC Group Co., Ltd. He has been serving as a standing member of the Party Committee of CRRC Group Co., Ltd. and a standing member of the Party Committee of CRRC Corporation Limited since August 2020.

By order of the Board

CRRC Corporation Limited

Liu Hualong

Chairman

Beijing, the PRC

28 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.

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