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)

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)

ANNOUNCEMENT

CHANGE OF SENIOR MANAGEMENT

The board of directors (the “Board”) of CRRC Corporation Limited (the “Company”) announces that the Board received the resignation reports of Ms. Zhan Yanjing and Mr. Lou Qiliang on 30 October 2019. Ms. Zhan Yanjing resigned as the Vice President and Chief Financial Officer of the Company due to work reason. Upon her resignation, she will no longer hold any position in the Company. Mr. Lou Qiliang resigned as the Vice President of the Company due to work reason. According to the relevant provisions of the Company Law of the People’s Republic of China and the Articles of Association of CRRC Corporation Limited, the resignations of Ms. Zhan Yanjing and Mr. Lou Qiliang came into effect upon the resignation reports were delivered to the Board.

Ms. Zhan Yanjing and Mr. Lou Qiliang confirmed that they have no disagreements with the Board and there is nothing relating to their resignations that need to be brought to the attention of the shareholders and creditors of the Company. The Company would like to take this opportunity to express its sincere gratitude to Ms. Zhan Yanjing and Mr. Lou Qiliang for their contributions to the development of the Company during their tenure of office.

On the fourteenth meeting of the second session of Board of the Company held on 30 October 2019, the resolution in relation to the Appointment of the Chief Financial Officer (Chief Accountant) and Vice President of CRRC Corporation Limited was considered and approved, it was agreed to appoint Ms. Li Zheng as the Chief Financial Officer (Chief Accountant) of the Company, Mr. Ma Yunshuang and Mr. Wang Gongcheng as the Vice Presidents of the Company. The term of office of such senior management members shall commence from the date of consideration and approval by the Board until the date of expiry of the term of the second session of the Board.

— 1 — The biographical details of Ms. Li Zheng are as follows:

Ms. Li Zheng, born in 1972, a Chinese national with no right of abode overseas, is a holder of bachelor’s degree, Master of Accounting, professorate senior Accountant, a member of the standing committee of the Company’s Party Committee. She also acts as the member of the standing committee of the Party Committee of CRRC GROUP Co., Ltd. Ms. Li previously served as Deputy General Manager of China Engineering and Agriculture Machinery Import and Export Co., Ltd., Deputy Chief Accountant of Sinohydro International Engineering Co., Ltd., Assistant General Manager of Sinohydro International Engineering Co., Ltd., Chief Accountant, Chairman of the labor union of Sinohydro Overseas Investment Co., Ltd., Deputy General Manager, Chief Accountant of Powerchina Resources Ltd.. Since October 2019, she has served as a member of the standing committee of the Party Committee of the Company.

The biographical details of Mr. Ma Yunshuang are as follows:

Mr. Ma Yunshuang, born in 1970, a Chinese national with no right of abode overseas, is a holder of Ph.D. degree, professor-level Senior Engineer, a member of the standing committee of the Party Committee of the Company. Mr. Ma previously served as the Deputy General Manager of CSR Sifang Locomotive & Rolling Stock Co., Ltd., the Vice Chairman, General Manager and Deputy Secretary of the Party Committee of CSR Qingdao Sifang Locomotive & Rolling Stock Co., Ltd., the Vice Chairman and General Manager and Deputy Secretary of the Party Committee of CSR Qingdao Sifang Locomotive & Rolling Stock Co., Ltd., as well as the Chairman of CSR Chengdu Locomotive & Rolling Stock Co., Ltd., Director, General Manager, Deputy Secretary of the Party Committee of CSR Qingdao Sifang Locomotive & Rolling Stock Co., Ltd. as well as the Chairman of CRRC Chengdu Locomotive & Rolling Stock Co., Ltd., Director, General Manager and Deputy Secretary of the Party Committee of CSR Qingdao Sifang Locomotive & Rolling Stock Co., Ltd. Since October 2019, he has served as a member of the standing committee of the Party Committee of the Company.

— 2 — The biographical details of Mr. Wang Gongcheng are as follows:

Mr. Wang Gongcheng, born in 1972, a Chinese national with no right of abode overseas, is a holder of bachelor’s degree, Senior Engineer, a member of the standing committee of the Party Committee of the Company. Mr. Wang previously served as the Deputy General Manager of CSR Zhuzhou Electric Locomotive Co., Ltd., Director of Office (Party Committee Office) of CSR Group, Deputy Chief Economist and Director of the Board Office of CSR Corporation Limited, Deputy Chief Economist and Director of the Board Office of CSR Corporation Limited, and Director of the Propaganda Department of the Party Committee (Corporate Culture Department), Deputy Chief Economist and Director of the Board Office of CSR Corporation Limited, Executive Director, General Manager and Deputy Secretary of the Party Committee of CSR Luoyang Locomotive Co., Ltd., Director of Safety Production of CSR Corporation Limited, Assistant General Manager of CSR Group, Assistant General Manager of CRRC Group Co., Ltd., Assistant General Manager of CRRC Group Co., Ltd. and Chairman, General Manager and Deputy Secretary of the Party Committee of CRRC Industrial Investment Co., Ltd., Assistant General Manager of CRRC Group Co., Ltd. and Chairman, Secretary of the Party Committee and Secretary of the Disciplinary Committee of CRRC Industrial Investment Co., Ltd., Assistant General Manager of CRRC Group Co., Ltd. and Chairman and Party Secretary of CRRC Industrial Investment Co., Ltd., Assistant General Manager of CRRC Group Co., Ltd. and Director of CRRC Industrial Investment Co., Ltd.. Since October 2019, he has served as a member of the standing committee of the Party Committee of the Company.

By order of the Board CRRC Corporation Limited Liu Hualong Chairman

Beijing, the PRC 30 October 2019

As at the date of this announcement, the executive directors of the Company are Mr. Liu Hualong, Mr. Sun Yongcai and Mr. Xu Zongxiang; 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 —