On December 6, 2024, crrc corporation held the fifteenth meeting of the third supervisory board in Peking. The meeting was chaired by Mr. Zhao Hu, Chairman of the Supervisory Board, with three supervisors expected and three actual, in compliance with relevant laws and the company's articles of association. The meeting reviewed and approved the proposal regarding the crrc Sifang Zhihui Port project and the associated trade involving asset acquisition. The project is implemented by crrc Qingdao Sifang Locomotive and Rolling Stock Co., Ltd. and crrc Qingdao Sifang Vehicle Research Institute Co., Ltd., involving related trade with crrc Technology Park (Qingdao) Co., Ltd., a wholly-owned subsidiary of crrc group. The transaction amount is approximately 868.27 million yuan. The voting results were three in favor, with no opposing or abstaining votes. The announcement of the resolution of this meeting has been published on the Shanghai Stock Exchange website, and the Supervisory Board and all supervisors guarantee the authenticity, accuracy, and completeness of its content.

On December 6, 2024, crrc corporation held the fifteenth meeting of the third supervisory board in Peking. The meeting was chaired by Mr. Zhao Hu, Chairman of the Supervisory Board, with three supervisors expected and three actual, in compliance with relevant laws and the company's articles of association. The meeting reviewed and approved the proposal regarding the crrc Sifang Zhihui Port project and the associated trade involving asset acquisition. The project is implemented by crrc Qingdao Sifang Locomotive and Rolling Stock Co., Ltd. and crrc Qingdao Sifang Vehicle Research Institute Co., Ltd., involving related trade with crrc Technology Park (Qingdao) Co., Ltd., a wholly-owned subsidiary of crrc group. The transaction amount is approximately 868.27 million yuan. The voting results were three in favor, with no opposing or abstaining votes. The announcement of the resolution of this meeting has been published on the Shanghai Stock Exchange website, and the Supervisory Board and all supervisors guarantee the authenticity, accuracy, and completeness of its content.