The board of directors of CRRC Corporation Limited announced that on 12 September 2023, the Board received the resignation report from Mr. Lou Qiliang, an executive director and president of the Company. Due to work adjustment, Mr. Lou Qiliang resigned as an executive director, president, member of the strategy committee of the Board, member of the nomination committee of the Board and 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. Lou Qiliang will not hold any position in the Company and its controlled subsidiaries upon resignation.