CRCC High Tech Equipment : NOTICE OF THE 2020 ANNUAL GENERAL MEETING

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

(Stock Code: 1786)

NOTICE OF THE 2020 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 2020 annual general meeting (the "AGM") of CRCC High-Tech Equipment Corporation Limited (the "Company") will be held at the office building of the Company at No. 384, Yangfangwang, Jinma Town, Kunming City, Yunnan Province, the PRC at 9:00 a.m. on Monday,

28 June 2021 for the purposes of considering, and if thought fit, passing the following resolutions:

ORDINARY RESOLUTIONS

1. To consider and approve the 2020 annual report and annual results for the year ended 31 December 2020 of the Company.
2. To consider and approve the report of the board (the "Board") of directors of the Company ("Directors") for the year ended 31 December 2020. (Please refer to the "Directors' Report" in the 2020 annual report of the Company for details.)
3. To consider and approve the report of the supervisory committee of the Company for the year ended 31 December 2020. (Please refer to the "Supervisory Committee's Report" in the 2020 annual report of the Company for details.)
4. To consider and approve the audited financial statements of the Company for the year ended 31 December 2020. (Please refer to the audited financial statements in the 2020 annual report of the Company for details.)
5. To consider and approve the proposed non-distribution of final dividend of the Company for the year ended 31 December 2020.
6. To consider and approve the remuneration standards of the directors and supervisors of the Company for 2020. (Please refer to the "Notes to Financial Statements" in the 2020 annual report of the Company for details.)
7. To consider and approve the payment of audit fees for 2020.

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8. To consider and approve the proposed change of international auditor of the Company from Deloitte Touche Tohmatsu to Deloitte Touche Tohmatsu Certified Public Accountants LLP which will hold office until the conclusion of the next annual general meeting, and to authorize the Board to fix its remuneration.

SPECIAL RESOLUTION

1. To consider and approve the proposed amendments to the Articles of Association (please refer to Appendix I for details of amendments to the Articles of Association).

By Order of the Board

CRCC High-Tech Equipment Corporation Limited

Liu Feixiang

Chairman

Kunming, the PRC, 13 May 2021

As at the date of this notice, 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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APPENDIX I

Details of proposed amendments to the Articles of Association are set out as follows:

Original Article	Amended Article
Article 224 The Company shall prepare its	Article 224 The Company shall prepare its
financial statements in accordance with the PRC	financial statements in accordance with the PRC
accounting standards and regulations	as well as	accounting standards and regulations.
the international accounting standards or the
accounting standards of the place where the
Company's shares are listed overseas. In case
of any material difference between the financial
statements respectively in accordance with the
two accounting standards, explanations shall be
made in the notes to the financial statements.
Distribution of the profit after tax for the
relevant fiscal year shall be based on the lesser
of the profit after tax as shown in the two sets of
financial statements.
Article 225 The interim results or financial	Article 225 The interim results or financial
information announced or disclosed by the	information announced or disclosed by the
Company shall be prepared in accordance with the	Company shall be prepared in accordance with the
PRC accounting standards and regulations	as well	PRC accounting standards and regulations.
as the international accounting standards or
the accounting standards of the place where the
Company's shares are listed overseas.

Notes:

1. Unless otherwise specified, details of the resolutions will be set out in the circular to be despatched to the shareholders of the Company in due course.
2. The H Share register of members of the Company will be closed from Friday, 28 May 2021 to Monday, 28 June 2021 (both days inclusive), during which period no transfer of H Shares of the Company will be registered. In order to attend the AGM, all share transfers, accompanied by the relevant share certificates, must be lodged for registration with the Company's H Share registrar, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Hong Kong for registration not later than 4:30 p.m. on Thursday, 27 May 2021. Any holders of H Shares and Domestic Shares, whose names appear on the Company's register of members on Thursday, 27 May 2021 are entitled to attend and vote at the AGM after completing the registration procedures for attending the AGM.
   The address of the H Share registrar of the Company, Computershare Hong Kong Investor Services Limited is as follows:
   Shops 1712-1716 17th Floor Hopewell Centre
   183 Queen's Road East Wanchai
   Hong Kong

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1. Holders of H shares and domestic shares of the Company, who intend to attend the AGM, must complete the reply slip for attending the AGM and return the same to the office of the Board not later than 20 days before the date of the AGM, i.e. on or prior to Monday, 7 June 2021.
   Details of the office of the Board are as follows:
   No. 384, Yangfangwang Jinma Town, Kunming City Yunnan Province
   PRC
   Postal code: 650215
   Fax: [phone]
2. Each holder of H shares of the Company who has the right to attend and vote at the AGM is entitled to appoint in writing one or more proxies, whether a shareholder or not, to attend and vote on his behalf at the AGM.
3. The instrument appointing a proxy by the shareholders must be signed by the person appointing the proxy or an attorney duly authorized by such person in writing. If the instrument is signed by an attorney of the person appointing the proxy, the power of attorney authorising the attorney to sign, or other documents of authorization, shall be notarially certified.
4. To be valid, for holder of H shares of the Company, the form of proxy, and if the form of proxy is signed by a person under a power of attorney or other authority on behalf of the appointer, a notarially certified copy of that power of attorney or other authorization documents, must be delivered to the Company's H Share registrar, Computershare Hong Kong Investor Services Limited at the 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, not less than 24 hours before the time fixed for holding the AGM (i.e. 9:00 a.m. on Sunday, 27 June 2021) or any adjournment thereof.
5. Each holder of domestic shares of the Company is entitled to appoint in writing one or more proxies, whether a shareholder or not, to attend and vote on his behalf at the AGM. Note (c) also apply to holder of Domestic Shares, only that the form of proxy or other documents of authorization must be delivered to the office of the Board, the address of which is set out in Note (c) above, not less than 24 hours before the time fixed for holding the AGM (i.e. 9:00 a.m. on Sunday, 27 June 2021) or any adjournment thereof in order for such documents to be valid.
6. If a proxy attends the AGM on behalf of a shareholder, he shall produce his identification document and the instrument or document signed by the appointer or his legal representative specifying the date of its issuance. If a legal person shareholder appoints a corporate representative to attend the AGM, such representative shall produce his identification document and the notarised copy of the resolution passed by the board of directors or other authority or other notarised copy of the license issued by such legal person shareholder.
7. Shareholders attending the AGM are responsible for their own transportation and accommodation expenses.

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