The board of directors of Zhuzhou CSR Times Electric Co., Ltd. announced that Mr. Li Donglin, an executive director, a member of the strategy committee and the general manager of the company, intends to resign as the general manager of the Company due to his appointment as the general manager and deputy Party secretary of the controlling shareholder of the company, and the company will seek a suitable replacement for such post as soon as possible. Mr. Li will tender his resignation as the general manager of the company when the company has identified a suitable candidate for replacement. Mr. Li will remain as an executive director and a member of the strategy committee of the company.