The board of directors of CRRC Corporation Limited announced that on 23 December 2021, Mr. TANG Tuong Hock ("Mr. TANG") resigned from the positions of (i) the joint company secretary; (ii) the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and (iii) the agent for service of process and notices on behalf of the Company (the "Process Agent") in Hong Kong under the requirements of Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), all of which were effective from 23 December 2021. Mr. TANG confirmed that he had no disagreement with the Board, and no other matters relating to his resignation were required to be brought to the attention of the shareholders of the Company. The Board would like to take this opportunity to express its appreciation on Mr. TANG's contribution to the Company during his tenure of service. The Board was pleased to announce that a meeting was convened on 23 December 2021 by the Board and relevant resolutions were passed to give consent on appointing Mr. Xiao Shaoping ("Mr. Xiao") to be (i) the joint company secretary; (ii) the Authorised Representative; and (iii) the Process Agent, the respective terms of office of which all commence from the date of passing of the Board resolutions and end on the date of expiry of the term of the third session of the Board. The deputy general manager and the chief financial officer of CRRC (Hong Kong) Co. Limited and CRRC Hong Kong Capital Management from October 2019 to October 2021. He has also been serving as a member of the Party Working Committee, the deputy general manager and the chief financial officer of CRRC Hong Kong Capital Management since November 2021.