Ding Rongjun born in 1961, the Chairman of the Board and an executive Director. Mr. Ding joined the Parent Group in August 1984 and held the positions of deputy director and project manager of the scientific research division of CSR ZELRI from 1999 to 2000, and the positions of deputy director, deputy chief engineer and chief engineer of CSR ZELRI between 2000 and 2005. Mr. Ding graduated from Southwest Jiaotong University with a bachelor degree in Electric Locomotive in 1984 and from Changsha Railway Institute with a master degree in Traffic Information and Control in 1998. He later graduated from Hunan University with a master degree in Management Science and Engineering in 1999 and later graduated from Central South University with a doctor degree in Intelligent Control and Pattern Recognition in 2008. Mr. Ding served as the president of the Company from September 2005 to December 2007, and then joined CSR ZELRI as the secretary of the Party and deputy director in December 2007. He had been the secretary of the Party and vice general manager of CSR ZELRI from January 2008 to December 2008, general manager and vice secretary of the Party of CSR ZELRI from December 2008 to July 2009. He has been an executive director, general manager and vice secretary of the Party of CSR ZELRI since July 2009. Mr. Ding has been a director of Times New Materials since December 2008. Mr. Ding has been an executive Director of the Company since September 2005, and has been the Chairman of the Board since December 2007.

Deng Huijin born in 1957, the Vice Chairman of the Board and a non-executive Director. Mr. Deng joined CSR ZELRI in 1982 and has held various positions as assistant engineer, engineer and senior engineer. He served as deputy director of CSR ZELRI from November 1995 to December 2005, deputy Party secretary, secretary of Party discipline inspection commission and chairman of the labour union of CSR ZELRI from December 2005 to November 2008, and has been Party secretary and deputy general manager of CSR ZELRI and a director of Times New Materials since December 2008. Mr. Deng graduated from Dalian Railway Institute with a bachelor degree in Engineering in 1982. Mr. Deng was appointed as a non-executive Director of the Company in August 2009 and has been the Vice Chairman of the Board since April 2010.

Li Donglin born in 1967, an executive Director and the general manager of the Company. Mr. Li joined CSR ZELRI in July 1989 and had been a deputy chief engineer, deputy general manager of the rail transport department, director of the manufacturing centre, deputy general manager of the sales and marketing centre of CSR ZELRI. Mr. Li graduated from Southwest Jiaotong University with a bachelor degree in Electric Traction and Drive Control in 1989. Mr. Li had served as the chief marketing officer from September 2005 to December 2007. He was the vice president and secretary of the Party of the Company from December 2007 to December 2009, and has been the general manager of the Company since January 2010. Mr. Li was appointed as an executive Director of the Company in April 2010.

Yan Wu born in 1967, a non-executive Director and the secretary of the Board . Mr. Yan is a senior engineer. Mr. Yan joined CSR ZELRI in 1992. Mr. Yan graduated from Northwestern Polytechnical University with a bachelor degree in Electro-Technology in 1989 and a master degree in Aircraft Navigation and Control in 1992. Mr. Yan served as head of technical standards department of the Company from September 2005 to December 2007, and was appointed as head of the investor relations department of the Company in January 2007. Mr. Yan was appointed as the general secretary of the National Electric Traction Equipment and System Standardization Technical Committee since September 2005. Mr. Yan was appointed as the secretary to the Board of the Company in December 2007 and a non-executive Director since 28 December 2010.

.Ma Yunkun born in 1954, a non-executive Director. Mr. Ma has more than 10 years of experience in business management and was the chairman of the board of directors and general manager of Kunming China Railway from 2004 to December 2009 and has been the chairman of the board and secretary to the Party committee of Kunming China Railway from January 2010. Mr. Ma has been the deputy director of Kunming Machine Factory from 1994 to 2003 and the director and general manager of Kunming China Railway from 2003 to 2004. Mr. Ma was appointed as a non-executive Director of the Company in September 2005.

Gao Yucai born in 1941, an independent non-executive Director. Mr. Gao is a senior engineer and has more than 20 years of experience in the urban rail transportation industry. Mr. Gao was deputy director of the Beijing Public Utility Bureau from 1983 to 1990 and general manager of Beijing Metro Corporation from 1990 to 2001. Mr. Gao is a commissioner of the China Communication and Transportation Association (“CCTA”) and deputy director of the urban rail transportation committee of CCTA. Mr. Gao graduated from the PLA Engineering Academy (one of the predecessors of PLA University of Science and Technology) in 1966. Mr. Gao was appointed as an independent non-executive Director of the Company in November 2006.

Chan Kam Wing, Clement born in 1958, an independent non-executive Director. Mr. Chan is a certified public accountant in Hong Kong, a member of the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England and Wales. Mr. Chan possesses the appropriate financial management expertise as required by the Listing Rules. Mr. Chan has been the Asia Pacific regional director of Horwath International and the managing director of Horwath Hong Kong CPA Limited since 1996. Prior to that, Mr. Chan operated his own accounting firm. Mr. Chen was elected as a council member of the Hong Kong Institute of Certified Public Accountants (“HKICPA”) since 2007 and is actively involved in the work and matters of the technical and industry monitoring committees of HKICPA. Since January 2010, Mr. Chen has been appointed as the chairman of the Financial Reporting Standards Committee of the HKICPA and is responsible for the research, editing and promulgation of the Hong Kong Financial Reporting Standards. Mr. Chen is also the vice-chairman of the Registration and Practicing Committee of the HKICPA. Mr. Chen obtained a bachelor degree in Accounting and a master degree in Commerce from the United Kingdom and Australia, respectively. Mr. Chen has been an independent non-executive Director of the Company since September 2005.

Pao Ping Wing born in 1947, an independent non-executive Director. Mr. Pao was a fellow of the Hong Kong Institute of Directors. Mr. Pao is an independent non-executive director of Oriental Press Group Limited, UDL Holdings Limited, Sing Lee Software (Group) Limited, Maoye International Holdings Limited, Hembly International Holdings Limited, and Soundwill Holdings Limited. Mr. Pao was appointed as a Justice of Peace since 1987. Mr. Pao was appointed by The Government of the Hong Kong Special Administrative Region as a member of the Town Planning Board, the Advisory Council on the Environment, the Hong Kong Housing Authority and the Land Development Corporation. Mr. Pao obtained a master degree in Science of Human Settlement Planning and Development. Mr. Pao was appointed as an independent non-executive Director of the Company in September 2005.

Liu Chunru born in 1971, an independent non-executive Director. Ms. Liu is a certified asset valuer. Ms. Liu was the vice president of Beijing China Enterprise Appraisal Co., Ltd. and had been a deputy general manager of Zhongfa International Appraisal Co., Ltd. from 2003 to March 2008. She has been general manager of Zhongfa International Appraisal Co., Ltd. since March 2008. Ms. Liu graduated from Chongqing University with a bachelor degree in Engineering in 1994 and graduated from Tsinghua University with a master degree in Business Administration in 2008. Ms. Liu was a supervisor of the Company from September 2005 to April 2008. Ms. Liu was appointed as an independent non-executive Director of the Company in June 2008.