Zhuzhou CRRC Times Electric Co., Ltd. announced Mr. Zhong Ninghua and Mr. Lam Siu Fung were elected as independent non-executive directors of the seventh session of the board of directors of the Company, for a term of three years with effect from the date of approval at the AGM. seventh session of the Board; and (3) the members of the Board committees under the seventh session of the Board are as follows: Strategy committee: It comprises six Directors, namely Mr. Li Donglin, Mr. Liu Ke'an, Mr. Shang Jing, Mr. Zhang Xinning, Mr. Li Kaiguo and Mr. Zhong Ninghua, among which, Mr. Li Donglin is the chairman of the strategy committee. Audit committee: It comprises four Directors, namely Mr. Lam Siu Fung, Mr. Gao Feng, Mr. Li Kaiguo and Mr. Zhong Ninghua, among which, Mr. Lam Siu Fung is the chairman of the audit committee.

Risk control committee: It comprises three Directors, namely Mr. Liu Ke'an, Mr. Zhong Ninghua and Mr. Lam Siu Fung, among which, Mr. Liu Ke'an is the chairman of the risk control committee. Remuneration committee: It comprises three Directors, namely Mr. Gao Feng, Mr. Li Kaiguo and Mr. Lam Siu Fung, among which, Mr. Gao Feng is the chairman of the remuneration committee. Nomination committee: It comprises three Directors, namely Mr. Li Kaiguo, Mr. Li Donglin and Mr. Gao Feng, among which, Mr. Li Kaiguo is the chairman of the nomination committee.

The Supervisory Committee announced that through democratic election by the employees of the Company, Mr. Shen Zhulin and Mr. Liu Shaojie have been elected as employee representative Supervisors for a term of three years from the date of consideration and approval at the meeting of the Supervisory Committee to the date of expiry of the term of office of the seventh session of the Supervisory Committee. Mr. Shen Zhulin, born in 1973, a Chinese citizen without permanent residency abroad. Mr. Shen graduated from Xi'an University of Technology in July 1995 with a bachelor's degree in automation, and graduated from Hunan Normal University in June 2014 with a master's degree in business administration.

He is a senior engineer. He joined CRRC ZELRI in August 1995 and successively served as assistant engineer, engineer and project manager. From September 2005 to January 2011, he successively served as project manager, deputy head and head of the technical development department of the safety equipment division of the Company.

From January 2011 to May 2013, he served as the technical director of the safety equipment division of the Company. From May 2013 to July 2016, he served as the deputy general manager of the communication signal division of the Company. From July 2016 to November 2019, he served as the secretary of the general party branch and deputy general manager of Hunan CRRC Times Signal & Communication Co., Ltd. From November 2019 to March 2020, he served as the head of the office of the discipline committee of the Company.

He has been the deputy secretary of the discipline committee and the head of the office of the discipline committee of the Company since March 2020. He has been the employee representative Supervisor of the Company since June 2023. Mr. Liu Shaojie, born in 1985, a Chinese citizen without permanent residency abroad.

Mr. Liu graduated from Hunan Railway Professional Technology College in June 2006, majoring in electrical machine and equipment, and graduated from Hunan University in June 2014, majoring in human resources management. He is a high speed rail craftsman. He joined the Company in August 2006 and successively served as a manufacturing team leader in the power and electronics division, the leader and supervisor of the chip line in the IGBT division.

He served as the supervisor of lean production of Zhuzhou CRRC Times Semiconductor Co., Ltd. from October 2019 to April 2021 and has been the head of module manufacturing department I of Zhuzhou CRRC Times Semiconductor Co., Ltd. since April 2021. He has been the employee representative Supervisor of the Company since June 2023. Mr. Pang Yiming and Mr. Zhou Guifa, the employee representative Supervisors, ceased to serve as the employee representative Supervisors of the Company upon expiry of term of office.

Mr. Li Lüe and Mr. Geng Jianxin, the above-mentioned shareholder representative Supervisors, together with Mr. Shen Zhulin and Mr. Liu Shaojie, the employee representative Supervisors, constitute the seventh session of the Supervisory Committee of the Company. The Supervisory Committee announced that upon consideration and approval at the first meeting of the seventh session of the Supervisory Committee held after the AGM, Mr. Li Lüe was elected as the chairman of the seventh session of the Supervisory Committee for a term commencing from the date of consideration and approval at the meeting of the Supervisory Committee to the date of expiry of the term of office of the seventh session of the Supervisory Committee. The Board announced that upon consideration and approval at the first meeting of the seventh session of the Board held after the AGM, Mr. Shang Jing, an executive Director of the Company, was appointed as the general manager of the Company for a term commencing from the date of consideration and approval at the Board meeting to the date of expiry of the term of office of the seventh session of the Board.

On 27 June 2023, Mr. Tang Tuong Hock, Gabriel ceased to serve as (i) the company secretary of the Company; (ii) the authorized representative of the Company under Rule 3.05 of the Listing Rules; and (iii) the authorized representative for acceptance of service of process and notices on behalf of the Company in Hong Kong (the "Process Agent") under Rule 19A.13(2) of the Listing Rules and Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) due to the expiry of his term of office.