CRRC 2026 ACTION PLAN FOR “ENHANCING QUALITY, INCREASING EFFICIENCY AND EMPHASIZING RETURNS”

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CRRC CORPORATION LIMITED

2026 ACTION PLAN FOR “ENHANCING QUALITY, INCREASING

EFFICIENCY AND EMPHASIZING RETURNS”

CRRC Corporation Limited (hereinafter referred to as “CRRC” or the “Company”)

has actively responded to the Shanghai Stock Exchange’s initiative on the “Enhancing

Quality, Increasing Efficiency and Emphasizing Returns” 2.0 campaign among

Shanghai-listed companies. In order to earnestly fulfil its responsibilities of “Improving

the Quality of the Company while Enhancing the Returns and the Sense of Gain for the

Investors”, the Company has therefore formulated the 2026 Action Plan for “Enhancing

Quality, Increasing Efficiency and Emphasizing Returns” (hereafter referred to as the

“Action Plan”). The details are as follows:

I. OVERVIEW OF THE COMPANY’S OPERATIONS

CRRC is the world’s leading and diverse rolling stock supplier and system

solutions provider with advanced technology. It is also one of the key enterprises

in China’s new energy equipment sector. Its business scope includes railway

equipment, urban rail transit vehicles and urban infrastructure, new industry and

modern service. Revenue from the Company’s rail transit equipment business has

ranked first in the world, and wind power equipment, energy storage equipment

and polymer composite materials and other businesses have entered the forefront

in China.

During the “14th Five-Year Plan” period, the Company deeply promoted high-

quality development and achieved breakthrough progress in various tasks.

First, the continuous surge in its comprehensive strength. The Company’s key

economic and technical indicators remained at the forefront of international peers

and its “one profit and five ratios” metrics were comprehensively optimized

and improved. Its brand value continued to lead China’s machinery equipment

manufacturing industry. Second, the continuous upgrade in industry development.

The Company has actively established a pattern of industrial development of

“Two Tracks and Two Clusters”. Its rail transportation equipment portfolio has

undergone iterative upgrades, while the industries of wind energy, photovoltaic

energy, hydrogen energy and energy storage have continued to be strengthened,

thereby facilitating the promotion of value-oriented “Product+” and “System+”

business models, with products and services reaching more than 110 countries and

regions worldwide.…