Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement.

中國中鐵股份有限公司 RAILWAY GROUP LIMITED (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 390)

This overseas regulatory announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the attached “Announcement of China Railway Group Limited on Winning of Bids for Material Projects” published by China Railway Group Limited on the Stock Exchange website on 30 March 2020 for your information.

By Order of the Board China Railway Group Limited Zhang Zongyan Chairman

30 March 2020

As at the date of this announcement, the executive directors of the Company are ZHANG Zongyan (Chairman), CHEN Yun and ZHANG Xian; the independent non-executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and CHUNG Shui Ming Timpson; and the non- executive director is MA Zonglin. A Shares Stock Code: 601390 A Shares Stock Name: China Railway Announcement No.: H Shares Stock Code: 00390 H Shares Stock Name: China Railway Lin 2020-024

Announcement of China Railway Group Limited on Winning of Bids for Material Projects

The board of directors of China Railway Group Limited (the “Company”) and all the directors hereby undertake that this announcement does not have any false or misleading statements or any material omissions, and assume the joint and several liabilities for the truthfulness, accuracy and completeness of the contents.

Recently, the Company has won the bids for the following material projects:

I. Domestic Material Projects Currency: RMB

Contractual Serial Company Winning the Bid Amount Bidding Projects Project No. Bid (RMB10,000) Duration

Railway Projects

China Railway No. 4 EPC contract for the dedicated railway Engineering Group Co., line project of -Caofeidian 311 calendar 1 Ltd. and China Railway 186,011 Railway Xiaoji Logistics Co., Ltd. in days No.6 Engineering Group Tangshan Co., Ltd. China Railway Section ZLKZ-ZHSG of the buildings Electrification Engineering and ancillary facilities construction 730 calendar 2 94,675 Group Co., Ltd. and other project (excluding station building) of the days parties new Zhongwei- Railway China Railway General construction contract for the September 3 Electrification Engineering plant reinforcement and electrification of 90,968 2021 Group Co., Ltd. the existing Guangtong-Dali Railway General construction contract for China Railway section QHSD-1 of the E&M system Electrification Engineering 4 integration and relevant works of the 83,690 16 months Group Co., Ltd. and other Heze-Qufu Segment of the new Lunan parties High-speed Railway

Municipal and Other Projects

China Railway, China 1,370 Civil construction project of Phase I of 5 Railway No. 1 Engineering 803,681 calendar Rail Transit Line 7 Group Co., Ltd., China days

Railway No. 4 Engineering Group Co., Ltd., China Railway No.7 Engineering Group Co., Ltd., China Railway No.10 Engineering Group Co., Ltd., Shanghai Civil Engineering Co., Ltd. of CREC and China Railway Tunnel Stock Co., Ltd. Development project of Taoxichuan China Railway No. 4 Tourist Attractions Areas in 6 Engineering Group Co., Jingdezheng (Phase II) - general 110,447 24 months Ltd. and other parties contract for survey, design, procurement and construction of Area B Section CDDD-SYGC-3 of the China Railway No. 4 remaining engineering work relating to 7 Engineering Group Co., 90,335 18 months elevated expressway connected to Ltd. Chengdong Avenue, Section B of the wind turbine foundation China Railway Major construction and wind turbine 359 calendar 8 Bridge Engineering Group 73,954 installation included in Zheneng days Co., Ltd. Shengsi No.2 offshore wind farm project Construction project of Eastern Zhejiang China Railway No. 4 Canal Cultural Park (eastern Zhejiang 730 calendar 9 Engineering Group Co., 57,575 Canal Museum) – EPC contract relating days Ltd. and other parties to engineering works China Railway Eryuan General contract for design of 10 Engineering Group Co., 55,000 - Rail Transit Lines 27 and 24 Ltd. and other parties

II. Overseas Material Project

Equivalent Company Contractual Serial Amount in Winning the Bidding Project Bid Amount Project No. RMB Bid Duration (RMB10,000) China Railway Power supply system renovation To be Electrification project relating to MTR Tsuen HK$3,032.26 completed by 1 277,501 Engineering Wan Line, Kwun Tong Line and million the end of Group Co., Ltd. Island Line in Hong Kong 2028

The above bids amounted to approximately RMB19,238.37 million in aggregate, representing approximately 2.27% of the operating revenue of the Company in 2019 prepared under the China Accounting Standards.

Notice is hereby given.

The Board of Directors of China Railway Group Limited 31 March 2020