The board of directors of Zhuzhou CRRC Times Electric Co., Ltd. announced that with effect from 28 September 2020, Mr. YANG Shouyi resigned from the positions of the vice chairman of the Board and an executive director of the Company; Mr. LIU Ke'an, an executive director of the Company, was redesignated as the vice chairman of the Board; and Mr. SHANG Jing was appointed as an executive director and the general manager of the Company. Upon the resignation of Mr. Yang, Mr. Liu, an executive director of the Company, was redesignated as the vice chairman of the Board with effect from 28 September 2020. Mr. Shang was appointed as an executive director and the general manager of the Company with effect from 28 September 2020. The biographical details of Mr. Shang are as follows. Mr. Shang, a vice general manager and chief engineer. Mr. Shang is an executive director of (Zhuzhou CRRC Times Semiconductor Co., Ltd.*) and a director of (China Railway Approved Zhuzhou Traction Electric Equipment Inspection Station Company Limited).