By virtue of high quality services and specialization in railway sector,CRM (Hong Kong) Holdings Co., Ltd. (“CRM Hong Kong”), a subsidiary of CRMInternational successfully won the bid for the supply of 13+6 units of battery electric locomotive project called by MTR Corporation Limited ("MTR") in Hong Kong. This project is another new breakthrough achieved by CRM Hong Kong in serving the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and is also the manifestation of the effect of CRM International in building a regional long-term developmentmechanism. It is of great significance to CRM International and CRM Hong Kong to develop specialized railway trade and promote high-quality development in future.

　　Hong Kong is one of the world’s freesteconomy areas. Over decades, CRM Hong Konghascontinuouslycarriedout business innovationsand service upgrading todeeply develop the potential of theendmarket. In this bidding, CRM Hong Kong made good preparations in advance and cooperatedwith CRRC Zhuzhou Electric Locomotive Co., Ltd.to become a powerful associationto make unremitting efforts. With excellent productsquality, professional project operation experiencesand high-quality after-sales service, CRM Hong Konghad defeated many competitors from developed countries such as the United States, the United Kingdom andGermany, andonce again received positive recognition from MTR. This winning representsa further and longer cooperation between CRM Hong Kong and the MTR. At the same time, the existing cooperation between CRM International and CRRC in overseas markets has been consolidated and deepened further.

　　“Well begun is half done”. The award of this bid isa good start for the new year of 2020, which is a critical period for CRM International to achieve a sustainable development.