CRRC Corporation Limited — Proxy Solicitation & Information Statement 2009

Jun 21, 2009

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this notice.

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(Stock Code: 1766)

NOTICE OF EXTRAORDINARY GENERAL MEETING

NOTICE IS HEREBY GIVEN that the extraordinary general meeting (the “ EGM ”) of China South Locomotive & Rolling Stock Corporation Limited (the “ Company ”) will be held at Empark Grand Hotel, No. 69 Banjing Road, Haidian District, Beijing, the PRC at 9:30 a.m. on Friday, 7 August 2009 (registration will begin at 8:30 a.m.) for the purpose of considering and approving, if appropriate, the following resolution (Unless otherwise indicated, capitalized terms used in this notice shall have the same meanings as those defined in the circular of the Company dated 22 June 2009):

SPECIAL RESOLUTION

1. To consider and approve the following resolution in relation to the proposed issue of Medium-term Notes (“ Medium-term Notes ”) of the Company:

“ THAT :

• (a) subject to the conditions of the PRC bond market, the Company be authorized to issue Medium-term Notes on the following major terms:

(1) Size of issue

The aggregate principal amount of the proposed issue of Medium-term Notes will not exceed RMB4 billion. The Medium-term Notes will be registered all at once and will be issued in one or multiple tranches according to actual capital requirements.

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(2) Term of issue

Three years.

(3) Interest rate

The interest rate for the issue of Medium-term Notes will be determined with reference to the prevailing market conditions at the time of the issue and upon negotiations with the lead underwriter(s), on the conditions that the rate is approved by relevant regulatory authorities in the PRC.

(4) Target investors

Institutional investors in the national inter-bank market.

(5) Use of proceeds

Including but not limited to using the proceeds to supplement working capital and to satisfy other various capital needs.

(6) Conditions precedent to the issue

• (i) Approval by way of a special resolution at the general meeting of the Company; and

• (ii) The National Association of Financial Market Institutional Investors accepting the Company’s registration of the Medium-term Notes.

• (b) a general and unconditional mandate be granted to the committee of the Board comprising Zhao Xiaogang and Zheng Changhong, being the Directors of the Company, to determine and to deal with the following matters pursuant to applicable laws and the then market conditions:

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• (1) to determine the details of the issue of the Medium-term Notes and to formulate and implement detailed issue plan which includes, but not limited to, an issue size of not more than RMB4 billion, the issue of the Medium-term Notes in tranche(s), the amount and period of each tranche, the maturity and method of repayment of the principal and interests, the interest rates of the notes or its determination mechanism, the provision of guarantees, determination of the specific arrangements and use of proceeds based on the actual situation in accordance with the use of proceeds described above and the selection of qualified professional institutions to participate in the issue of the Medium-term Notes;

• (2) to enter into all negotiations in relation to the issue of Medium-term Notes, to sign and execute all relevant agreements and other documents for and on behalf of the Company and to comply with the relevant information disclosure procedures pursuant to the requirements of regulatory bodies and the Hong Kong Listing Rules (if necessary);

• (3) to apply for approvals to the relevant regulatory authorities in respect of the issue of the Medium-term Notes and to make suitable adjustments to the specific issue plan in accordance with the opinions of the regulatory authorities (if any); and

• (4) to take all such actions as necessary and in the interest of the Company and to determine or to deal with specific matters in relation to the issue of the Mediumterm Notes.

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The above general mandate will remain effective for 24 months commencing from the date on which the resolution is considered and approved at the EGM of the Company.”

By order of the Board of China South Locomotive & Rolling Stock Corporation Limited Zhao Xiaogang Chairman

Beijing, the PRC 22 June 2009

As at the date of this notice, the executive Directors are Mr. Zhao Xiaogang, Mr. Zheng Changhong, Mr. Tang Kelin and Mr. Liu Hualong; and the independent non-executive Directors are Mr. Zhao Jibin, Mr. Yang Yuzhong, Mr. Chen Yongkuan, Mr. Dai Deming and Mr. Tsoi, David.

Notes:

1. The H Share register of members of the Company will be closed from Wednesday, 8 July 2009 to Friday, 7 August 2009 (both days inclusive), during which period no transfer of H Shares will be registered. In order to attend the EGM, all share transfers, accompanied by the relevant share certificates, must be lodged for registration with the Company’s H Share Registrar, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong, no later than 4:30 p.m. on Tuesday, 7 July 2009. H Shareholders whose names appear on the Register of Members of the Company maintained by Computershare Hong Kong Investor Services Limited on or before the above date will be eligible to attend the EGM.

2. Shareholders who intend to attend the EGM in person or by proxy should return the reply slip for the EGM to the Board Office of the Company (for A Shareholders) or the Company’s H Share Registrar, Computershare Hong Kong Investor Services Limited (for H Shareholders), by hand, by post or by fax on or before Friday, 17 July 2009. The Company’s Board Office is located at No. 16, Central West Fourth Ring Road, Haidian District, Beijing, the PRC, 100036 (Telephone: (86) 10 5186 2188, Fax: (86) 10 6398 4785). The Company’s H Share Registrar, Computershare Hong Kong Investor Services Limited, is located at Rooms 1806-1807, 18th Floor, Hopewell Centre, 183 Queen’s Road East, Wan Chai, Hong Kong (Telephone: (852) 2862 8628).

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1. In order to be valid, the instrument appointing a proxy together with the power of attorney or other authority, if any, under which it is signed, or a notarially certified copy of such power of attorney or authority, should be completed and deposited at the Company’s Board Office (for A Shareholders) or the H Share Registrar of the Company, Computershare Hong Kong Investor Services Limited (for H Shareholders), at least 24 hours before the EGM or any adjourned meeting thereof. Completion and return of the proxy form will not preclude a Shareholder from attending in person and voting at the EGM or any adjournment thereof should he/she so wish.

2. Any Shareholder entitled to attend and vote at the EGM convened by the above notice is entitled to appoint one or more proxies to attend and vote on behalf of him/her. A proxy needs not be a Shareholder of the Company.

3. In case of joint shareholdings and the shareholder or the proxy attending the EGM is more than one person, the vote of the senior joint shareholder who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint shareholder(s) and for this purpose seniority will be determined by the order in which the names appear in the register of members of the Company in respect of the joint shareholdings.

4. The EGM is expected to last for about half a day. Shareholders who attend the meeting in person or by proxy shall bear their own travelling and accommodation expenses. Shareholders or their proxies shall produce their identity documents when they attend the EGM.

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