The Board of Zhuzhou CSR Times Electric Co., Ltd. announced that each of Mr. Deng Huijin (Mr. Deng) and Mr. Yan Wu (Mr. Yan) has been redesignated from a non-executive Director to an executive Director with effect from March 25, 2014. Mr. Deng Huijin, aged 57, has been appointed as a non-executive Director of the Company since August 2009 and has been the Vice Chairman of the Board since April 2010. Mr. Deng joined CSR ZELRI in 1982 and has held various positions as assistant engineer, engineer and senior engineer.

He served as deputy director of CSR ZELRI from November 1995 to December 2005, deputy Party secretary, secretary of Party discipline inspection commission and chairman of the labour union of CSR ZELRI from December 2005 to November 2008, and has been Party secretary and deputy general manager of CSR ZELRI and a director of Times New Materials since December 2008. Mr. Yan Wu, aged 47, has been appointed as a non-executive Director of the Company since December 2010. Mr. Yan is a senior engineer.

He joined CSR ZELRI in 1992. Mr. Yan was appointed as the secretary to the Board of the Company in December 2007 and the vice general manager of the Company in June 2012.