The board of directors of BII Railway Transportation Technology Holdings Company Limited announced that with effect from December 14, 2018, Mr. Zhang Yanyou has been appointed as a non-executive Director. He has also been appointed as the chairman of the Board and the chairman of the nomination committee of the company with effect from December 14, 2018. Mr. Zhang Yanyou, aged 55, has been working as the chairman of the board of directors in (Beijing Infrastructure Investment Co. Ltd.) (BII), the controlling shareholder of the Company, since April 2018. Prior to joining BII, Mr. Zhang Yanyou worked at (Beijing Municipal Commission of Development and Reform) from November 2003 to July 2011 and successively served as a director of industry department and the deputy director. The Board announced that with effect from 14 December 2018, Mr. Hao Weiya has resigned as a non-executive Director. The Board also announced that Mr. Guan Jifa, a non-executive Director, has resigned as the Chairman and the chairman of the Nomination Committee with effect from 14 December 2018. Mr. Guan Jifa remained as a non-executive Director.