CRCC High-Tech Equipment Corporation Limited announced that the supervisory committee of the Company received the resignation letter from Mr. Zhang Zhumin, a supervisor of the Company, on 25 August 2017. Due to other work commitments, Mr. Zhang has tendered his resignation as a supervisor of the first session of the Supervisory Committee. The resignation of Mr. Zhang will become effective immediately upon the approval for appointment of a new representative supervisor of the shareholders of the Company at the general meeting of the Company. The Board announced that China Railway Construction Corporation Limited, the controlling Shareholder of the Company, recommends the Supervisory Committee to nominate Mr. Wang Shuchuan as a representative supervisor of Shareholders of the Company. Mr. Wang has been nominated as a representative supervisor of Shareholders of the first session of the Supervisory Committee at the Supervisory Committee meeting held on 30 August 2017. The proposed appointment of Mr. Wang Shuchuan as a representative supervisor of Shareholders is conditional upon the approval at the extraordinary general meeting of the Company, with a term of office from the date on which such proposed appointment is approved at the extraordinary general meeting of the Company to the date of expiration of the term of the first session of the Supervisory Committee. Mr. Wang Shuchuan is currently the general manager of China Railway Special Equipment Engineering Co. Ltd.