The board of directors (the ‘Board’) of CRRC Corporation Limited (the ‘Company’) announced that at the 27th meeting of the second session of the Board held on 30 March 2021, the Board agreed to elect Mr. Sun Yongcai (‘Mr. Sun’), the executive director of the Company, as the chairman of the second session of the Board of the Company, and the term of office shall commence from the date of approval by the Board meeting and end on the date of expiry of the term of office of the second session of the Board of the Company. According to the rules and regulations of the Company such as the Articles of Association of CRRC Corporation Limited, Mr. Sun will also serve as the legal representative of the Company and the chairman of the Strategy Committee of the Board of the Company. Mr. Sun Yongcai currently serves as the Party Secretary of the Party Committee, an executive Director and the President of the Company, and also serves as the Party Secretary of the Party Committee, the chairman and the general manager of CRRC GROUP Co. Ltd.