China Railway Signal & Communication Corporation Limited announced that, Mr. YANG Yongsheng resigned as executive director of the Company due to change in work arrangements with effect from 8 August 2022. The Board announced that, on 8 August 2022, the Board has considered and approved to nominate Mr. ZHANG Quan as a candidate for executive director of the fourth session of the Board of the Company. Mr. ZHANG Quan will serve for a term commencing from the date of approval at the election of the general meeting of the Company until the date of expiration of the fourth session of the Board.

Subject to the requirements of the Articles of Association, Mr. ZHANG Quan is eligible for re-election upon completion of his term. In the event that Mr. ZHANG Quan is elected as the executive director of the fourth session of the Board of the Company, he will enter into a service contract with the Company. The remuneration of Mr. ZHANG Quan includes post-based salaries, performance-based salaries, social insurance paid by the Company for individuals and annuity.

The Company will disclose the details after his remunerations are determined.