On August 28, 2021, the board of directors of CRRC Corporation Limited issued an announcement that the former president of the company resigned and the new president took office. details as follows:

On August 27, 2021, the board of directors of CRRC Corporation Limited (hereinafter referred to as the "Company") received a resignation report from the president, Mr. Sun Yongcai. Mr. Sun Yongcai resigned as the company’s president and authorized representative of the company under Article 3.05 of the Securities Listing Rules of The Stock Exchange of Hong Kong Limited due to work adjustments. After resignation, he will continue to serve as the company’s chairman and executive director. According to the "Company Law of the People's Republic of China" and the "Articles of Association of CRRC Co., Ltd.", Mr. Sun Yongcai's resignation took effect when the resignation report was delivered to the board of directors. Mr. Sun Yongcai confirmed that there is no disagreement with the company's board of directors, and there is no matter related to his resignation that needs to be brought to the attention of the company's shareholders and creditors.

The company held the 32nd meeting of the second board of directors on August 27, 2021. The meeting agreed to appoint Mr. Lou Qiliang as the company’s president and the authorized representative of the company under Article 3.05 of the Securities Listing Rules of The Stock Exchange of Hong Kong Limited. , The term of office is from the date of review and approval of this board of directors to the end of the term of the second board of directors.

CRRC Corporation (Chinese abbreviation "CRRC", English abbreviation "CRRC") was approved by the State Council and approved by the State-owned Assets Supervision and Administration Commission of the State Council, and was merged by China North Locomotive Co., Ltd. and China South Locomotive Co., Ltd. in accordance with the principle of reciprocity. A+H-share listed company established. With the approval of the China Securities Regulatory Commission, CRRC was successfully listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on June 8, 2015. There are 46 wholly-owned and holding subsidiaries with more than 170,000 employees. Headquartered in Beijing.

CRRC has inherited all the businesses and assets of China CNR and China South Locomotive Co., Ltd., and is a world-leading rail transportation equipment supplier with a complete range of products and first-class technology. Main business: R&D, design, manufacturing, repair, sales, leasing and technical services of railway rolling stock, EMUs, urban rail transit vehicles, construction machinery, various electromechanical equipment, electronic equipment and parts, electronic appliances and environmental protection equipment products ; Information consulting; industrial investment and management; asset management; import and export business.

CRRC adheres to independent innovation, open innovation and collaborative innovation, continues to improve its technological innovation system, continuously improves its technological innovation capabilities, and builds a world-leading technology platform and manufacturing base for rail transit equipment products. The series of products represented by trucks and urban rail vehicles have fully reached the world's advanced level and can adapt to various complex geographic environments and meet diversified market needs. The series of high-speed EMUs manufactured by CRRC has become an important business card for China to show its development achievements to the world. The products have been exported to nearly 100 countries and regions in six continents, and gradually transformed from product export to technology export, capital export and global operation.

Mr. Sun Yongcai, born in 1964, Chinese nationality, no right of abode abroad, doctoral degree, senior engineer, party secretary and chairman of the group company, and also served as party secretary, chairman and executive director of CRRC. Mr. Sun used to serve as director, deputy general manager, party secretary, deputy chairman, and deputy general manager of Dalian Locomotive and Rolling Stock Co., Ltd.; chief engineer of CNR and member of the Standing Committee of the Party Committee of CNR Group; member of the Standing Committee of the Party Committee and vice president of CNR; CRRC Vice President of Shares; Director, General Manager and Deputy Secretary of the Party Committee of CRRC. Mr. Sun enjoys the special government allowance issued by the State Council. He has won the first prize of National Science and Technology Progress Award, National Innovation Award, Special Award of China Railway Society, and first prize. In 2018, he was awarded the 40th Anniversary of Reform and Opening up by the Party Central Committee and the State Council as a "Reform Pioneer" He was awarded the title of “Fuxing” high-speed train development host. In 2019, he was awarded the title of “Most Beautiful Struggler” on the 70th anniversary of the founding of the People’s Republic of China by nine ministries and commissions including the Central Propaganda Department and the Central Organization Department.

Keywords: engineering construction, engineering news, engineering construction information

Mr. Lou Qiliang, born in 1963, Chinese nationality, no right of abode, university degree, senior engineer, currently deputy secretary, executive director and president of the company manager. Mr. Lou used to be the deputy factory director, factory director and deputy party secretary of Nanjing Puzhen Vehicle Plant of China South Locomotive Group Corporation, executive director, general manager and deputy party secretary of CSR Nanjing Puzhen Vehicle Co., Ltd., and member of the Standing Committee of the Party Committee of China South Locomotive Group Corporation. From October 2012 to May 2015, he served as Vice President and Member of the Standing Committee of the Party Committee of China South Locomotive Co., Ltd. He has served as a member of the Standing Committee of the Party Committee of the company from May 2015, and served as the vice president of the company from June 2015 to October 2019. He has served as deputy secretary of the company’s party committee in October 2019, executive director of the company in December 2019, and president of the company in August 2021.

I wish CRRC a better development! Editor/Sang Xiaomei