CRRC : POSTPONEMENT OF THE 2019 FIRST EXTRAORDINARY GENERAL MEETING AND EXTENSION OF THE PERIOD FOR CLOSURE OF REGISTER OF MEMBERS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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)

POSTPONEMENT OF THE 2019

FIRST EXTRAORDINARY GENERAL MEETING

AND

EXTENSION OF THE PERIOD FOR CLOSURE OF

REGISTER OF MEMBERS

Reference is made to the circular and notice of the 2019 first extraordinary general meeting (the "EGM") of CRRC Corporation Limited (the "Company") dated 8 November 2019 and the supplemental circular and supplemental notice of the EGM dated 9 December 2019, which set out the time and venue of the EGM and the resolutions to be submitted at the EGM for shareholders' approval.

POSTPONEMENT OF THE EGM

As the relevant directors temporarily have other important work arrangements at the time of the originally scheduled EGM, the EGM which is originally scheduled to be held at 2:00 p.m. (registration will begin at 1:30 p.m.) on Tuesday, 24 December 2019 will be postponed to 2:00 p.m. (registration will begin at 1:30 p.m.) on Friday, 27 December 2019. The venue of the EGM will remain unchanged at Meeting Room IX, 2nd floor, Empark Grand Hotel, No. 69 Banjing Road, Haidian District, Beijing, the PRC.

- 1 -

EXTENSION OF THE PERIOD FOR CLOSURE OF REGISTER OF MEMBERS

In order to determine the entitlement for the shareholders to attend and vote at the EGM, the period for closure of the register of members for the EGM originally lasts from Saturday, 23 November 2019 to Tuesday, 24 December 2019 (both days inclusive). Due to the postponement of the EGM, the last date for closure of the register of members of the Company will be extended from Tuesday, 24 December 2019 to Friday, 27 December 2019 (the last day inclusive). Accordingly, during the period from Saturday, 23 November 2019 to Friday, 27 December 2019 (both days inclusive), no transfer of shares will be registered. Shareholders of H shares whose names appear on the H share register of members of the Company as at the close of business on Friday, 22 November 2019 are entitled to attend the EGM.

REVISED PROXY FORM AND PROXY FROM

Reference is made to the supplemental circular and supplemental notice of the EGM of the Company dated 9 December 2019. The Company has issued the revised proxy form in respect of the ordinary resolution contained in the supplemental notice to the shareholders on the same date. In order to be valid, for shareholder who intends to appoint a proxy to attend the EGM, the revised proxy form enclosed in the supplemental notice shall be completed in accordance with the instructions printed thereon and delivered to the H Share Registrar of the Company, Computershare Hong Kong Investor Services Limited at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, 24 hours before the time appointed for the convention of the postponed EGM. For the avoidance of doubt, if the shareholder has validly appointed a proxy to attend the EGM but has not completed and returned the revised proxy form, the proxy of the shareholder shall have the right to vote at his/her discretion on the ordinary resolution contained in the supplemental notice on behalf of the shareholder. Completion and return of the revised proxy form shall not affect the shareholder from the right to attend and vote at the EGM.

The originally scheduled lodge time of the proxy from issued on 8 November 2019 by the Company, together with a notarially certified power of attorney or other authorisation documents delivered from the shareholders of H Shares to the H Share Registrar of Company, Computershare Hong Kong Investor Services Limited, which is 24 hours before the time appointed for the convention of the EGM (i.e. not later than 2:00 p.m. on Monday, 23 December 2019), is also postponed to not later than 2:00 p.m. on Thursday, 26 December 2019.

- 2 -

REPLY SLIP

Saved for the above-mentioned changes, the reply slip of the EGM issued by the Company on 8 November 2019 will remain unchanged and valid for the postponed EGM. For the avoidance of doubt, if any shareholder has completed and returned the reply slip in accordance with the instructions printed thereon, such reply slip will remain valid for the postponed EGM and the shareholder is not required to submit the reply slip again.

By order of the Board

CRRC Corporation Limited

Liu Hualong

Chairman

Beijing, the PRC

16 December 2019

As at the date of this announcement, the executive Directors of the Company are Mr. Liu Hualong and Mr. Sun Yongcai; the non-executive Director is Mr. Liu Zhiyong; and the independent non-executive Directors are Mr. Li Guo'an, Mr. Wu Zhuo and Mr. Sun Patrick.

- 3 -