Announcement - Change in Supervisor

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(a joint stock company incorporated in the People's Republic of China with limited liability)

The Board announces that due to other work commitments, Mr. Zhang Zhumin has tendered his resignation as a supervisor of the first session of the Supervisory Committee. The resignation of Mr. Zhang Zhumin will become effective immediately upon the approval for appointment of a new representative supervisor of Shareholders at the general meeting of the Company.

The Board is pleased to announce that Mr. Wang Shuchuan has been nominated as a representative supervisor of Shareholders of the first session of the Supervisory Committee at the Supervisory Committee meeting held on 30 August 2017. The proposed appointment of Mr. Wang as a representative supervisor of Shareholders is conditional upon the approval at the extraordinary general meeting of the Company, with a term of office from the date on which such proposed appointment is approved at the extraordinary general meeting of the Company to the date of expiration of the term of the first session of the Supervisory Committee.

The board (the "Board") of directors (the "Directors") of CRCC High-Tech Equipment Corporation Limited (the "Company") announces that the supervisory committee of the Company (the "Supervisory Committee") received the resignation letter from Mr. Zhang Zhumin ("Mr. Zhang"), a supervisor of the Company, on 25 August 2017. Due to other work commitments, Mr. Zhang has tendered his resignation as a supervisor of the first session of the Supervisory Committee. The resignation of Mr. Zhang will become effective immediately upon the approval for appointment of a new representative supervisor of the shareholders of the Company (the "Shareholders") at the general meeting of the Company.

Mr. Zhang confirmed that he had no disagreement with the Board, the Supervisory Committee and the Company and there were no other matters in respect of his resignation that need to be brought to the attention of the Shareholders of the Company.

The Board hereby extends its sincere appreciation for the contributions made by Mr. Zhang to the Company during his term of office.

The Board is pleased to announce that China Railway Construction Corporation Limited, the controlling Shareholder of the Company, recommends the Supervisory Committee to nominate Mr. Wang Shuchuan ("Mr. Wang") as a representative supervisor of Shareholders of the Company. Mr. Wang has been nominated as a representative supervisor of Shareholders of the first session of the Supervisory Committee at the Supervisory Committee meeting held on 30 August 2017. The proposed appointment of Mr. Wang Shuchuan as a representative supervisor of Shareholders is conditional upon the approval at the extraordinary general meeting of the Company, with a term of office from the date on which such proposed appointment is approved at the extraordinary general meeting of the Company to the date of expiration of the term of the first session of the Supervisory Committee.

The biographical details of Mr. Wang are as follows:

China Railway Construction Heavy Industry Group Co., Ltd., and a senior economist. Mr. Wang has 22 years of experience in accounting and financial management. From July 1995 to August 2001, he worked as a trainee of cross-sleeper workshop and trainee of planning department of Zhuzhou Bridge Factory* (株洲橋樑工廠 ) under the Ministry of Railways and was an assistant economist of planning department. From August 2001 to March 2004, he was the economist of finance department of Zhuzhou Bridge Factory of China Railway Construction 11th Bureau Group. From March 2004 to July 2005, he served as the head of risk management department of Zhuzhou Jinqiao Small-to-medium Enterprise Guarantee Co., Ltd.* (株洲金橋中小企業擔保 有限公司) and was an economist. From July 2005 to January 2006, he was the head of finance department of Zhuzhou Tianhua Real Estate Co., Ltd. (株洲天華房地產有限公司) and was an economist. From January 2006 to October 2006, he was the deputy head of finance department of China Railway Zhuzhou Bridge Co., Ltd.* (中鐵株洲橋樑有限公司) and was an economist. From October 2006 to December 2007, he worked in turnout construction team of China Railway Construction 11th Bureau Group and was an economist. From December 2007 to January 2013, he served as the deputy head of financial asset department of China Railway Track System Group Co., Ltd., the vice chief accountant and head of finance department of branch office of Express Turnout Company* (高速道岔分公司), the chief accountant of China Railway Zhuzhou Bridge Co., Ltd. and the chief accountant of switch company and was an economist. From January 2013 to June 2015, he served as the head of finance department of China Railway Construction Heavy Industry Group Co., Ltd. and was an economist and senior economist. From June 2015 to March 2016, he served as the chief financial officer of research, development and marketing service center and head of finance department of China Railway Construction Heavy Industry Group Co., Ltd. and was a senior economist. From March 2016 to January 2017, he was the head of finance department and deputy director of project reporting platform of China Railway Construction Heavy Industry Group Co., Ltd. and was a senior economist. From January 2017 to July 2017, he served as the general manager of China Railway Special Equipment Engineering Co., Ltd., the deputy director of project reporting platform of China Railway Construction Heavy Industry Group Co., Ltd. and was a senior economist. Mr. Wang graduated from Business and Administration Department of Hunan University of Finance and Economics (professional in enterprise management) and obtained a bachelor's degree in economics in July 1995. The remuneration of Mr. Wang will be determined in accordance with the remuneration policies developed by the Company for supervisor.

As at the date of this announcement, save as disclosed above, Mr. Wang confirms for himself that: (i) during last three years, he has not held any directorships in any public companies, the securities of which are listed on any securities market in Hong Kong and/or overseas, nor held any other major appointment or professional qualification; (ii) he does not hold any other position with the Company or its subsidiaries; (iii) he does not have any interests in the shares or securities of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (iv) he does not have any other relationship with other current Directors, senior management of the Company or substantial or Controlling Shareholders.

There is no other matter in relation to the proposed appointment of Mr. Wang as a representative supervisor of Shareholders of the Company that needs to be brought to the attention of the Shareholders, nor other information in relation to the proposed appointment of Mr. Wang as a representative supervisor of Shareholders of the Company that needs to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

By Order of the Board

Executive Director

Kunming, the People's Republic of China, 30 August 2017

As at the date of this announcement, the Board comprises Mr. Chen Yongxiang, as executive director; Mr. Li Xuefu and Mr. Wu Zhixu, as non-executive directors; and Mr. Sun Linfu, Mr. Yu Jiahe and Mr. Wong Hin Wing, as independent non-executive directors.

* For Identification Purposes Only