The board of directors of Zhuzhou CRRC Times Electric Co., Ltd. announced that with effect from 12 June 2024: Mr. Liu Ke'an resigned from the positions of the vice chairman of the Board and an executive director of the Company; Mr. Shang Jing, an executive director of the Company, was re-designated as the vice chairman of the Board. Due to the adjustment in work allocation, Mr. Liu resigned from the positions of the vice chairman of the Board and an executive director of the Company with effect from 12 June 2024. Mr. Liu has confirmed that he does not have any disagreement with the Board and that there are no matters relating to his resignation which need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.

Upon the resignation of Mr. Liu, Mr. Shang, an executive director of the Company, was re-designated as the vice chairman of the Board with effect from 12 June 2024. CHANGES OF COMPOSITION OF BOARD COMMITTEES: In connection with the changes of directors as disclosed in this announcement, the Board announces that with effect from 12 June 2024: Mr. Liu ceased to be the chairman and a member of the risk control committee, a member of the strategy and ESG committee and a member of the science and technology innovation committee of the Board; and Mr. Shang was appointed as the chairman and a member of the risk control committee, continued to serve as a member of the strategy and ESG committee and a member of the science and technology innovation committee, and will cease to be the chairman of the science and technology innovation committee of the Board with effect from 27 June 2024.