The board of directors of CRCC High-Tech Equipment Corporation Limited announced that on 31 May 2024, the Board received the resignation reports from Mr. Zhao Hui (?Mr. Zhao?), an executive director and the chairman of the Company, and Mr. Bai Yunfei (?Mr. Bai?), a non-executive director of the Company, pursuant to which Mr. Zhao resigned as an executive director, the chairman of the Board, the chairman of the strategy and investment committee, the chairman of the nomination committee, and a member of the remuneration and evaluation committee of the Company and Mr. Bai resigned as a non-executive director of the Company due to change in work arrangements, with effect from 31 May 2024. The Board also announced that due to work adjustment, Mr. Tong Pujiang (?Mr. Tong?) was re-designated from a non-executive director to an executive director of the Company, and was appointed as the chairman of the Board, the chairman of the strategy and investment committee, the chairman of the nomination committee and a member of the remuneration and evaluation committee of the Company for a term commencing from 31 May 2024 until the expiry of the term of the current session of the Board. Mr. Tong Pujiang, aged 46, has been a non-executive director of the Company since September 2023.

He graduated from Southwest Jiaotong University in 1999, majoring in machinery engineering and automation, and graduated from the Party School of the CPC Central Committee in June 2014 with a master's degree in economic management. He is a senior engineer who has 24 years of experience in manufacturing and repair of railway large track maintenance machinery. From January 2010 to January 2015, he successively served as director of the office, head of human resources department, and assistant to general manager and manager of the general manufacturing factory of the Company.

From January 2015 to April 2022, he successively served as deputy general manager and general manager of the Company. He was an executive director of the Company from September 2017 to September 2023. He served as the general manager and a director of China Railway Construction Heavy Industry Corporation Limited from September 2023 to April 2024.