China Railway Signal & Communication Corporation Limited received the resignation reports from Mr. ZHOU Zhiliang ("Mr. ZHOU") and Mr. GUO Yonghong ("Mr. GUO"). Mr. ZHOU has resigned as the chairman of the Board, an executive director, the chairman of the Strategy and Investment Committee of the Board and the chairman of the Nomination Committee of the Board of the Company as he has reached the statutory retirement age. Mr. GUO has resigned as a non-executive director, a member of the Audit and Risk Management Committee of the Board and a member of the Quality and Safety Committee of the Board of the Company due to work adjustment.

The resignation of each of Mr. ZHOU and Mr. GUO will both be effective from 18 January 2024. Upon their resignations, both Mr. ZHOU and Mr. GUO will no longer hold any position in the Company. Both Mr. ZHOU and Mr. GUO have confirmed that they have no disagreement with the Company and the Board in any respect and there is no other matter relating to their resignations that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

Mr. ZHOU worked diligently, dutifully and responsibly during his tenure as the chairman of the Board and an executive director of the Company and made significant contributions to the development of the Company. Mr. GUO made significant contributions to the development of the Company through performance of his duties devotedly and responsibly during his tenure as a non-executive director of the Company. The Company would like to express its sincere appreciation to Mr. ZHOU and Mr. GUO for their contributions to the Company during their tenure of service.