China Central Automobile Co., Ltd. (CRRC) issued an Overseas Regulatory Notice on March 28, 2024, announcing the report of its Audit and Risk Management Committee on the performance of its accounting firm's supervisory responsibilities in 2023. The report noted that Bimau Weihua Chun Accounting Firm was renewed as the company's financial reporting and internal control audit body for 2023. The Audit and Risk Management Committee has rigorously reviewed the professional qualifications, business capacity and independence of Bimawaihua and considers that it complies with the requirements of the company's audit work. In its audit work in 2023, BMW has demonstrated good professional conduct and business quality, and its audit reports are considered objective, complete, clear and timely. THE AUDIT AND RISK MANAGEMENT COMMITTEE WILL CONTINUE TO STRENGTHEN ITS OVERSIGHT AND COMMUNICATION WITH ACCOUNTANCY FIRMS TO ENSURE THE QUALITY OF AUDIT REPORTS AND SAFEGUARD THE INTERESTS OF THE COMPANY AND SHAREHOLDERS.

China Central Automobile Co., Ltd. (CRRC) issued an Overseas Regulatory Notice on March 28, 2024, announcing the report of its Audit and Risk Management Committee on the performance of its accounting firm's supervisory responsibilities in 2023. The report noted that Bimau Weihua Chun Accounting Firm was renewed as the company's financial reporting and internal control audit body for 2023. The Audit and Risk Management Committee has rigorously reviewed the professional qualifications, business capacity and independence of Bimawaihua and considers that it complies with the requirements of the company's audit work. In its audit work in 2023, BMW has demonstrated good professional conduct and business quality, and its audit reports are considered objective, complete, clear and timely. THE AUDIT AND RISK MANAGEMENT COMMITTEE WILL CONTINUE TO STRENGTHEN ITS OVERSIGHT AND COMMUNICATION WITH ACCOUNTANCY FIRMS TO ENSURE THE QUALITY OF AUDIT REPORTS AND SAFEGUARD THE INTERESTS OF THE COMPANY AND SHAREHOLDERS.