The board of Directors of CRRC Corporation Limited announced that on 27 August 2021, the Board received the resignation report from Mr. Sun Yongcai, the president of the Company. Due to work adjustment, Mr. Sun resigned as the president of the Company and the authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Mr. Sun will remain as the chairman and executive director of the Company upon resignation. The Board further announces that at the thirty-second meeting of the second session of the Board held on 27 August 2021, the Board resolved to appoint Mr. Lou Qiliang as the president of the Company and the authorized representative of the Company under Rule 3.05 of the Hong Kong Listing Rules for a term commencing from the date of approval by the Board meeting until the date of expiry of the term of office of the second session of the Board.