The board of directors of BII Railway Transportation Technology Holdings Company Limited announced that with effect from 21 March 2023, Ms. Xuan Jing (Ms. Xuan) has resigned as an executive Director and the chief executive officer of the Company (the Chief Executive Officer) in order to devote more time on her other commitments. As a result of her resignation, Ms. Xuan ceased to be (i) an authorised representative of the Company
(Authorised Representative) for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Listing Rules); and (ii) a member of the environmental, social and governance committee of the Board (the ESG Committee). Following the resignation of Ms. Xuan, Mr. Liu Yu (Mr. Liu), an executive Director, has been appointed as (i) the Chief Executive Officer; (ii) an Authorised Representative; and (iii) a member of the ESG Committee with effect from 21 March 2023. Mr. Liu Yu, aged 48, obtained a master's degree in transportation planning and management from Beijing University of Technology in June 2008 and was qualified as a senior engineer. He joined the Group in May 2013 and has been appointed as the vice president of the Group since July 2014. From July 2005 to May 2013, Mr. Liu served as a manager of the Traffic Control Centre (TCC) project department, head of TCC technical workshop, deputy director of technical engineering department, manager of information centre project department and deputy chief engineer of Beijing Metro Network Administration Co. Ltd. He also served as a director and vice general manager of BII Zhongfu Technology Company Limited (a direct wholly-owned subsidiary of the Company) from August 2019 to February 2021, the general manager of BII Transportation Technology (Beijing) Co. Ltd. ("BII-TTBJ") (an indirect wholly-owned subsidiary of the Company) from October 2014 to November 2021 and the chairman of the board of directors of Litmus Technologies (Beijing) Co. Ltd. (an indirect non-wholly owned subsidiary of the Company) from December 2019 to December 2021. He has served as (i) the vice general manager of BII Technology Development Co. Ltd. (an indirect wholly-owned subsidiary of the Company) since March 2021; (ii) the chairman of the board of directors of BII-TTBJ since February 2019; and (iii) a director of BII Transit Systems (HK) Co. Ltd. (an indirect wholly-owned subsidiary of the Company) since April 2021.