CRCC High Tech Equipment : ANNOUNCEMENT PROPOSED ELECTION OF SHAREHOLDER REPRESENTATIVE SUPERVISOR OF THE SECOND SESSION OF THE SUPERVISORY COMMITTEE

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(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1786)

ANNOUNCEMENT

PROPOSED ELECTION OF

SHAREHOLDER REPRESENTATIVE SUPERVISOR OF

THE SECOND SESSION OF THE SUPERVISORY COMMITTEE

Reference is made to the announcement issued by CRCC High-Tech Equipment Corporation Limited (the "Company") on 7 May 2020 in relation to resignation of supervisor. Due to other work commitments, Mr. Wang Shuchuan, a shareholder representative supervisor of the second session of the supervisory committee of the Company (the "Supervisory Committee"), has tendered his resignation as a supervisor of the Company (the "Supervisor"). The Supervisory Committee will nominate the candidate for new shareholder representative Supervisor in due course. The above resignation will become effective immediately upon the approval for the appointment of a new shareholder representative Supervisor at the general meeting of the Company.

According to the nomination by China Railway Construction Corporation Limited, the controlling shareholder of the Company, the Company proposed to elect Mr. Zhong Xiangjun as a shareholder representative Supervisor of the second session of the Supervisory Committee. According to the Articles of Association of CRCC High-Tech Equipment Corporation Limited, the appointment of Supervisor is subject to approval by the shareholders of the Company (the "Shareholders") at the 2020 second extraordinary general meeting of the Company (the "EGM"). A circular containing, among others, details of the candidate of Supervisor will be despatched to the Shareholders in due course.

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Biographical details of Mr. Zhong Xiangjun are as follows:

Zhong Xiangjun (鍾祥軍), aged 41, currently serves as the office director of the committee for

discipline inspection and deputy director of the inspection office of the Communist Party committee of China Railway Construction Heavy Industry Co., Ltd. (中國鐵建重工集團股份有限公司). He is a

senior political engineer and has 17 years of work experience in corporate management and disciplinary inspection and supervision. From September 1999 to July 2003, he studies in the School of Humanities and Social Sciences of Southwest Jiaotong University, majoring in political science and public administration, and graduated with a bachelor's degree in July 2003. From July 2003 to July 2009, he

served as a trainee, secretary, office director and assistant political engineer of the project department of China Railway 17th Bureau Yuantong Engineering Co., Ltd. (中鐵十七局遠通工程有限公司). From July

2009 to November 2009, he served as the deputy secretary of party working committee, office director

and assistant political engineer of the fundamental project department of China Railway 17th Bureau 6th Engineering Co., Ltd. (中鐵十七局六公司). From November 2009 to March 2012, he served as the

secretary of party working committee, deputy manager and political engineer of the project department of Section II of Phase 1 of Civil Engineering Work of Line II of Changsha Rail Transit (長沙軌道交通II號線 一期土建工程II標段項目部) of China Railway 17th Bureau 6th Engineering Co., Ltd. From March 2012

to July 2012, he served as the deputy head (in charge of relevant works) and political engineering of the human resource department of China Railway 17th Bureau 6th Engineering Co., Ltd. From July 2012 to September 2015, he served as the principal staff member and political engineer of the working department under the Communist Party committee of China Railway Construction Heavy Industry Co., Ltd. From September 2015 to October 2018, he served as the deputy secretary of the Communist Party committee,

chairman of labour union and senior political engineer of China Railway Construction Heavy Industry Co., Ltd., Xinjiang Branch (中國鐵建重工集團有限公司新疆公司). From October 2018 to May 2019, he

served as the deputy office director of the committee for discipline inspection and senior political engineer of China Railway Construction Heavy Industry Co., Ltd. Since 2019, he served as the office director of the committee for discipline inspection, deputy director of the inspection office of the Communist Party committee and senior political engineer of China Railway Construction Heavy Industry Co., Ltd.

Mr. Zhong Xiangjun has no and is not deemed to have any interest or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)).

Save as disclosed above, Mr. Zhong Xiangjun did not hold any other positions in the Company or any of its subsidiaries, or any directorships in other listed public companies in the last three years. Mr. Zhong Xiangjun does not have any relationship with any directors, senior management or substantial or controlling Shareholders of the Company. There is no information relating to Mr. Zhong Xiangjun that is required to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Save as disclosed above, there is no other matter in relation to the appointment of Mr. Zhong Xiangjun that needs to be brought to the attention of the Shareholders.

Upon the appointment of Mr. Zhong Xiangjun being approved by the Shareholders, the Company will enter into a service contract with such Supervisor. The term of office of Mr. Zhong Xiangjun as a Supervisor will start from the date of being elected at the EGM to the date of expiration of the term of office of the second session of the Supervisory Committee.

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The remuneration of Mr. Zhong Xiangjun as a Supervisor will be determined based on the Company's remuneration policy for Supervisors and subject to the approval at a general meeting of the Company.

By Order of the Board

CRCC High-Tech Equipment Corporation Limited

Liu Feixiang

Chairman

Kunming, the People's Republic of China, 11 August 2020

As at the date of this announcement, the Board of the Company comprises Mr. Liu Feixiang, Mr. Tong Pujiang and Mr. Chen Yongxiang, as executive directors; Mr. Zhao Hui and Mr. Sha Mingyuan, as non-executive directors; and Mr. Sun Linfu, Mr. Yu Jiahe and Mr. Wong Hin Wing, as independent non-executive directors.

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