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Internal control audit report

KPMG Hua Zhen Shen Zi No. 2508227

All shareholders of Zhuzhou CRRC Times Electric Co., Ltd.:

In accordance with the relevant requirements of the Guidelines for the Audit of Internal Control of Enterprises and the Practice Standards of the Chinese Certified Public Accountants, we conducted the audit

The effectiveness of the internal control over the financial reporting of CRRC Times Electric Co., Ltd. (hereinafter referred to as "your company") as of December 31, 2024.

1. The responsibility of the enterprise for internal control

In accordance with the "Basic Standards for Enterprise Internal Control", "Guidelines for the Application of Enterprise Internal Control", and "Enterprise Internal Control Evaluation Guidelines".

It is the responsibility of your board of directors to establish, sound and effectively implement internal controls and evaluate their effectiveness.

2. Responsibilities of Certified Public Accountants

Our responsibility is to express an audit opinion on the effectiveness of internal controls over financial reporting on the basis of the audit work.

and disclose material deficiencies in internal control over non-financial reporting that have been noted.

III. Inherent Limitations of Internal Controls

Internal controls are inherently limited, and there is the potential that misstatements cannot be prevented and detected. In addition, due to the change in circumstances

It may lead to inappropriate internal controls or a reduction in compliance with control policies and procedures, and there is a risk that the effectiveness of future internal controls will be inferred based on the results of internal control audits.

KPMG Huazhen LLP, a People's Republic of China KPMG Huazhen (Special General Partnership) — China Partnership Accounting

partners hi p and a member firm of the KPMG global firm, is a joint venture with KPMG International Limited (a British private guarantee limited company).

organi s ati on of independent member firms affiliated with Division).

KPMG International Limited, a private English company Page 1 of 2

limited by guarantee.