China Railway Group Limited board of directors announced the resignation of Mr. Zhang Zongyan has as an executive director, the Chairman and the legal representative of the Company. Upon his resignation, Mr. Zhang Zongyan will not hold any position in the Company. The Board announces that on 22 December 2020, the Board has resolved to elect Mr. Chen Yun, currently being an executive director of the Company, as the Chairman of the Company, the term of office of which will commence from the date of the relevant Board resolution (i.e. 22 August 2020) until the expiry of the term of office of the fourth session of the Board. The Board announces that Mr. Chen Yun will cease to act as the President of the Company with effect from 22 December 2020 due to change of work duties. On 22 August 2020, the Board has resolved to appoint Mr. Chen Wenjian as the President of the Company, the term of office of which will commence from the date of the relevant Board resolution (i.e. 22 December 2020) until the expiry of the term of office of the fourth session of the Board. The Board announces that on 22 December 2020, the Board has approved the change in composition of the strategy committee (" Strategy Committee ") and nomination committee ("Nomination Committee") under the Board. Details of which are as follows: 1. The Strategy Committee consists of 3 members, namely Mr. Chen Yun, Mr. Wang Shiqi and Mr. Guo Peizhang, Mr. Chen Yun serving as the Chairman. 2. The Nomination Committee consists of 4 members, namely Mr. Chen Yun, Mr. Guo Peizhang, Mr. Wen Baoman and Mr. Zheng Qingzhi, Mr. Chen Yun serving as the Chairman. Mr. Chen Yun, (no other former name/alias), aged 57, Chinese nationality, holding no overseas residence, a member of the Communist Party of China, senior economist, is currently the Secretary to the Communist Party Committee and the Chairman of the Company, and is the Secretary to the Communist Party Committee and the Chairman of China Railway Engineering Group Company Limited ("CREC"). . Mr. Chen Yun joined the Company in 2019 and served as the Deputy Secretary to the Communist Party Committee of the Company and the Deputy Secretary to the Communist Party Committee of CREC from June 2019 to August 2019; the President and the Deputy Secretary to the Communist Party Committee of the Company and the General Manager and a director and the Deputy Secretary to the Communist Party Committee of CREC from August 2019 to October 2019; the President, an executive director and the Deputy Secretary to the Communist Party Committee of the Company and the General Manager, a director and the Deputy Secretary to the Communist Party Committee of CREC from October 2019 to November 2020; the President, an executive director and the Deputy Secretary to the Communist Party Committee of the Company and the Secretary to the Communist Party Committee and the Chairman of CREC from November 2020 to December 2020. He has been serving as the Secretary to the Communist Party Committee, an executive director and the Chairman of the Company and the Secretary to the Communist Party Committee and the Chairman of CREC since December 2020. Mr. Chen Yun graduated from East China Institute of Water Conservancy, and obtained a bachelor's degree of port and waterway engineering and subsequently a master's degree of business administration from Tsinghua University. Mr. Chen Wenjian (no other former name/alias), aged 48, Chinese nationality, holding no overseas residence, a senior engineer, is currently the President and Deputy Secretary to the Communist Party Committee of the Company, and the General Manager, a director and the Deputy Secretary to the Communist Party Committee of CREC. Mr. Chen Wenjian joined China State Construction Engineering Corporation Limited in 1996, served as the Project Lead Engineer, the Business Manager of the Technical Centre, the Project Manager, the Deputy General Manager and General Manager of the Management Department; the Deputy General Manager and Executive Deputy General Manager of the Algeria branch of CSCEC ("CSCEC Algeria") from August 2002 to January 2007; the General Manager and Secretary of the Communist Party Committee of CSCEC Algeria from January 2007 to September 2014; the General Manager of the Overseas Business Department of China State Construction Engineering Corporation Limited (" CSCEC ") from September 2014 to August 2016; the General Manager and the Secretary to the Community Party Working Committee of the Overseas Business Department of CSCEC from August 2016 to December 2017; the General Manager and the Secretary to the Community Party Working Committee of the Overseas Business Department of CSCEC and the General Manager of the Overseas Department of CSCEC from December 2017 to June 2018; the General Manager of the Overseas Department of CSCEC and the Chairman and the Secretary to the Communist Party Committee of the China State Construction Engineering Corporation International Operations from June 2018 to October 2018; the General Manager of the Overseas Department of CSCEC, the Chairman and the Secretary to the Communist Party Committee of CSCEC International Operations and the Chairman of China Construction (South Pacific) Development Co Pte Ltd. from October 2018 to March 2020; the Secretary to the Communist Party Committee and the Chairman of the China Construction Third Engineering Bureau Co. Ltd. from March 2020 to November 2020.