The board of Zhuzhou CRRC Times Electric Co., Ltd. announced that Mr. Shang Jing has resigned as the general manager of the Company due to a shift in his work arrangements, with effect from 14 May 2024. Following his resignation, Mr. Shang will continue to serve as an executive Director, a member of the Strategy and ESG Committee and chairman and member of the Science and Technology Innovation Committee of the Board. Mr. Shang has confirmed that he has no disagreement with the Board and is not aware of other matters about his resignation as the general manager of the Company that need to be brought to the attention of the shareholders of the Company.