Zhuzhou CSR Times Electric Co., Ltd. announced that the board of the company announced that Mr. Li has resigned from the positions of the general manager, an executive director and a member of the strategy committee of the company with effect from 12 January 2016. The board of the company also announced that Mr. Liu Ke'an has been appointed as an executive director of the company to fill the vacancy of Mr. Li, and will take over the posts of the general manager and a member of the strategy committee of the company with effect from 12 January 2016. Mr. Liu Ke'an, aged 44, has been the vice general manager and chief engineer of the company since June 2012.

Mr. Liu is a director of Dynex Power Inc. He is also the chairman of the board of directors of Hunan CSR-Wabtec Railway Transportation Technology Co., Ltd.