CRCC High Tech Equipment : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONTINUING CONNECTED TRANSACTIONS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

(Stock Code: 1786)

DELAY IN DESPATCH OF CIRCULAR IN RELATION TO

CONTINUING CONNECTED TRANSACTIONS

References are made to the announcements of CRCC High-Tech Equipment Corporation Limited (the "Company") dated 31 July 2020 and 3 August 2020 (the "Announcements") in relation to (i) the continuing connected transaction under the Financial Services Framework Agreement; and (ii) the continuing connected transaction under the Products and Services Procurement Framework Agreement. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements unless the context requires otherwise.

As set out in the Announcements, a circular (the "Circular") containing, among other things, (i) details of the Financial Services Framework Agreement and the proposed maximum daily balance of the deposits;

1. details of the Products and Services Procurement Framework Agreement and the proposed maximum transaction amounts; (iii) the opinion and recommendation from the Independent Board Committee; and (iv) the opinion and recommendation from the Independent Financial Adviser, was expected to be issued by the Company and despatched to the Shareholders no later than 4 September 2020.

As additional time is required to prepare and finalise certain information to be included in the Circular, the Company expects that the despatch of the Circular will be postponed to a date on or before 9 September 2020.

By Order of the Board

CRCC High-Tech Equipment Corporation Limited

Liu Feixiang

Chairman

Kunming, the People's Republic of China, 31 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.