Stock code: 688187 (A shares) Stock abbreviation: Times Electric (A shares) Announcement No.: 2024-056

Stock abbreviation: 3898 (H shares) Stock abbreviation: Times Electric (H shares)

Zhuzhou CRRC Times Electric Co., Ltd

Announcement of the resolution of the first extraordinary shareholders' meeting in 2024

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of the announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

Important Content Notes:

Is there a rejected resolution at this meeting: None

1. Convening and attendance of meetings

(1) Time of the shareholders' meeting: December 13, 2024

(2) The place where the shareholders' meeting was held: Room 301, Times Hotel, Shifeng District, Zhuzhou City

(3) Shareholders of ordinary shares, shareholders with special voting rights, shareholders of preferred shares with restored voting rights and the number of voting rights held by them attending the meeting:

1. Number of shareholders and proxies attending the meeting 309

Number of common shareholders 309

Among them: 308 shareholders of A shares

Number of shareholders of foreign shares (H shares) listed overseas 1

2. The number of voting rights held by shareholders attending the meeting 1,017,730,380

The number of voting rights held by ordinary shareholders is 1,017,730,380

Among them: the number of voting rights held by shareholders of A shares is 712,875,842

The number of voting rights held by shareholders of foreign shares listed overseas was 304,854,538

3. The ratio of the number of voting rights held by shareholders attending the meeting to the number of voting rights of the company is 72.100706

Example(%)

Ratio of the number of voting rights held by ordinary shareholders to the number of voting rights of the company (%) 72.100706

Among them: the number of voting rights held by shareholders of A shares accounts for the number of voting rights of the company

50.503407

Proportion (%)

The number of voting rights held by shareholders of foreign shares listed overseas accounts for the company's table

21.597299

Proportion of the number of votes (%)

(4) Whether the voting method complies with the provisions of the Company Law and the articles of association of the company, and whether the meeting is presided over.

The meeting was convened by the board of directors of the company, presided over by Mr. Li Donglin, chairman of the board of directors, the conference used a combination of on-site voting and online voting to vote, the convening and convening procedures of the meeting and the voting methods and voting procedures are in line with the provisions of the "Company Law" and the "Articles of Association of Zhuzhou CRRC Times Electric Co., Ltd.", the meeting is legal and valid.

(5) Attendance of the company's directors, supervisors and secretary of the board of directors

1. There are 7 directors in the company and 7 people in attendance;

2. There are 4 supervisors in the company and 4 people attended;

3. Ms. Long Furong, secretary of the board of directors of the company, attended the meeting; Some senior executives of the company attended the meeting; 4. The witness lawyer hired by the company, the scrutineers of Computershare Hong Kong Investor Services Co., Ltd. and other relevant personnel attended the meeting.

2. Deliberation of the bill

(1) Non-cumulative voting motions

1. Name of the proposal: Proposal on changing the type of company

Result: Adopted

Vote:

Shareholders agree against abstention

Type Votes Proportion (%) Votes Proportion (%) Votes Proportion (%)

A shares 712,695,930 99.974763 135,954 0.019071 43,958 0.006166

H shares 303,511,139 99.559331 1,343,399 0.440669 0 0.000000

ordinary

Shares 1,016,207,069 99.850323 1,479,353 0.145358 43,958 0.004319

plan

2. Name of the proposal: Proposal on the signing of the "Financial Services Framework Agreement from 2024 to 2027" between the Company and CRRC Finance Co., Ltd. and the expected daily related party transactions

Result: Adopted

Vote:

Shareholders agree against abstention

Type Votes Proportion (%) Votes Proportion (%) Votes Proportion (%)

A shares 101,728,217 99.252505 736,366 0.718446 29,774 0.029049

H shares 214,773,415 89.715253 24,621,123 10.284747 0 0.000000

ordinary

Shares 316,501,632 92.574411 25,357,489 7.416880 29,774 0.008709

plan

(2) When major matters are involved, the voting situation of less than 5% of shareholders shall be explained

Agree Oppose Abstain

The name of the bill

Ordinal Proportion of Votes (%) Proportion of Votes (%) Proportion of Votes (%)

number

2 About Ben 101,728,217 99.252505 736,366 0.718446 29,774 0.029049

Company with

CRRC Finance

Limited

Company sign

Order "2024

Year to age

In 2027

Financial services

Service Framework

Agreement

Closed every day

Trading

Estimated

motion

(3) An explanation of the relevant circumstances regarding the voting on the bill

The proposals deliberated at this shareholders' meeting are all ordinary resolutions, which have been deliberated and approved by more than half of the shareholders and shareholder representatives attending the meeting holding valid voting rights. The second proposal involves a connected transaction, in which the related A-share shareholders CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., CRRC Zhuzhou Electric Locomotive Co., Ltd., CRRC Asset Management Co., Ltd., and the related H-share shareholder CRRC Hong Kong Capital Management Co., Ltd. have abstained from voting. 3. Lawyer's witness

1. The law firm witnessed at the shareholders' meeting: Grandall Law Firm (Hangzhou).

Lawyers: Wu Gang, Shen Hui

2. The lawyer witnesses the concluding comments:

The convening and convening procedures of the shareholders' meeting of Zhuzhou CRRC Times Electric Co., Ltd., the qualifications of the persons participating in the shareholders' meeting, the qualifications of the convener, the voting procedures and voting results of the meeting are in accordance with the provisions of the "Company Law", "Rules for the General Meeting of Shareholders of Listed Companies", "Code of Governance for Listed Companies", "Self-Regulatory Guidelines for Listed Companies on the Science and Technology Innovation Board of the Shanghai Stock Exchange No. 1 - Standardized Operation" and other laws, administrative regulations, normative documents and the Articles of Association, and the voting results passed by the shareholders' meeting are legal and valid.

The announcement is hereby made.

Board of Directors of Zhuzhou CRRC Times Electric Co., Ltd

December 14, 2024