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About Zhuzhou CRRC Times Electric Co., Ltd

Special description of the 2024 summary table of deposits, loans and other financial businesses involving related party transactions of financial companies

KPMG Huazhen No. 2501730

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

We have been entrusted to audit the financial statements of Zhuzhou CRRC Times Electric Co., Ltd. (hereinafter referred to as "CRRC Times Electric") for 2024 in accordance with the auditing standards of the Chinese Certified Public Accountants, including the consolidated and parent company's balance sheet as of December 31, 2024, the consolidated and parent company's income statement, the consolidated and parent company's cash flow statement, and the consolidated and parent shareholders' shareholders for 2024

Statement of changes in equity and related notes to the financial statements, and a standard unqualified audit report was issued on March 28, 2025

Tell.

According to the "Self-Regulatory Guidelines for Listed Companies on the Shanghai Stock Exchange No. 5 - Trading and Customs" issued by the Shanghai Stock Exchange

joint transactions", CRRC Times Electric has compiled a summary table of deposits, loans and other financial businesses involving related party transactions of financial companies in 2024 (hereinafter referred to as the "summary table") attached to this special statement.

It is the responsibility of CRRC Times Electric to compile and disclose the summary table to the outside world, and to ensure its authenticity, legitimacy and integrity. We have reconciled the item amounts in the summary statement on a sample basis with the accounting information provided by CRRC Times Electric and the audited financial statements when we audited the 2024 financial statements of CRRC Times Electric, and found no inconsistencies in all material respects.

In addition to the audit of CRRC Times Electric's 2024 annual financial statements and the items contained in the summary table attached to this special note

The amount is checked against the accounting information provided by CRRC Times Electric and the relevant contents of the audited financial statements when we audit the 2024 annual financial statements of CRRC Times Electric, and we have not performed any additional procedures on the summary table attached to this special note.

In order to better understand CRRC Times Electric's 2024 financial business involving related party transactions of financial companies, such as deposits and loans

The summary statements should be read in conjunction with the audited financial statements.

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

partnership and a member firm of the KPMG global firm, which is a partnership with KPMG International Limited (a British private guarantee limited company).

organisation of independent member firms affiliated with Division).

KPMG International Limited, a private English company

limited by guarantee.

annex

Zhuzhou CRRC Times Electric Co., Ltd

Summary table of financial business such as deposits and loans involving related party transactions of financial companies in 2024

CRRC Finance Co., Ltd. and the Company are both controlled by CRRC Co., Ltd., and are both corporate group finance companies with which the Company has an affiliated relationship. The following table shows the amount and balance of deposits, loans and other financial businesses between the Company and its subsidiaries and CRRC Finance Co., Ltd. in 2024.

Unit: RMB

1. Deposit business

The maximum daily deposit rate range is the amount incurred in the current period

Related Party Related Relationship Deposit Limit Perimeter Opening Balance Total Deposit Amount Total Interest Total Withdrawal Amount Closing Balance

forehead

CRRC Finance Co., Ltd. is the same as the Group 2,000,000,000.00 0.39%~2.10% 294,302,867.17 2,974,625,766.36 6,801,942.85 1,299,287,556.42 1,976,443,019.96

The company is controlled by the ultimate controlling party

2. Loan business

Related Party Related Relationship Loan Limit Loan Interest Rate Range Opening Balance Current Amount Closing Balance

Total Loan Amount Total repayment amount

not

Notes:1. The above disclosed amount includes the relevant amount of Zhuzhou CRRC Times Electric Co., Ltd. and its subsidiaries.

2. In August 2023, Zhuzhou CRRC Times Electric Co., Ltd. signed the Financial Services Framework Agreement for 2023 to 2024 with CRRC Finance Co., Ltd. for a period of 1 year and is valid

Valid until August 31, 2024.

3. In August 2024, Zhuzhou CRRC Times Electric Co., Ltd. signed the Financial Services Framework Agreement for 2024 to 2025 (the "Original Agreement") with CRRC Finance Co., Ltd. for a period of time

Limited to 1 year and valid until 31 August 2025.

4. Due to the needs of business development, Zhuzhou CRRC Times Electric Co., Ltd. signed the Financial Services Framework Agreement for 2024-2027 with CRRC Finance Co., Ltd. in October 2024

(the "New Agreement"), which replaces the Original Agreement for a period of 3 years and is valid until October 31, 2027, upon approval by the Shareholders' Meeting.