Announcement of 2018 Interim Results

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Announcement of 2018 Interim Results 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. (Listed Debt Securities Code: 5945, 5778, 5610 and 5338) ANNOUNCEMENT OF 2018 INTERIM RESULTS The board of directors of the Company is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended 30 June 2018. This announcement, containing the full text of the 2018 Interim Report of the Company, complies with the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to information to accompany preliminary announcements of the interim results. Printed version of the Company’s 2018 Interim Report will be sent to the holders of H shares of the Company and available for viewing on the websites of The Stock Exchange of Hong Kong Limited at www.hkex.com.hk and of the Company at http://www.crcc.cn on or before 30 September 2018. Important Notice I. The Board and the Supervisory Committee of the Company and the directors, supervisors and members of the senior management warrant the truthfulness, accuracy and completeness of the contents herein and confirm that there are no misrepresentations or misleading statements contained in, or material omissions from, this interim report, and accept several and joint legal responsibilities. II. All directors of the Company attended the Board Meeting. III. The interim report was unaudited. IV. ZHUANG Shangbiao, person-in-charge of the Company, WANG Xiuming, CFO, and QIAO Guoying, Head of the Finance Department (person in charge of accounting), confirm that the financial report in this interim report is true, accurate and complete. V. The profit distribution plan or reserves-to-equity transfer plan during the Reporting Period as considered by the Board. Nil VI. The Audit and Risk Management Committee under the Board of the Company has reviewed the interim financial statements of the Group for the six months ended 30 June 2018, which have been reviewed by Deloitte Touche Tohmatsu CPA LLP, and has also discussed with the management of the Company on the adopted accounting policies and practices, internal control and other matters. VII. Disclaimer of forward-looking statements ✓ Applicable Not applicable Forward-looking statements, including future plan and development strategy, contained in this report do not constitute substantive commitments to investors by the Company. The investors and related parties should maintain sufficient risk awareness in this regard, and should understand the differences among plans, forecasts and commitments. Investors should be reminded of such investment risks. VIII. Whether the controlling shareholder or its associates has misappropriated the Company’s funds for purposes other than for business No IX. Whether the Company has provided external guarantees in violation of any prescribed decision-making procedures No X. Inform of important risks The main risks the Company may encounter are safety and quality risk, investment risk, international business risk, project management risk and accounts receivable risk. Please refer to the contents of the potential risks and countermeasures in “II Other Disclosures” in “(2) Potential Risks” under “Section IV Discussion and Analysis on Business Operations (Report of Directors)”, and investors should be reminded of such risks. XI. Others ✓ Applicable Not applicable The 2018 interim financial report of the Company was prepared according to the Accounting Standards for Business Enterprises issued by the Ministry of Finance and the related provisions (hereinafter “PRC GAAP Standards”), which was reviewed and issued the relevant review report by Deloitte Touche Tohmatsu CPA LLP. The reporting currency of this interim report is RMB, unless otherwise specified. The contents of this interim report are in compliance with all the requirements in relation to information to be disclosed in interim report under the SSE Listing Rules and the Hong Kong Listing Rules. In addition, this interim report will be simultaneously published in Mainland China and Hong Kong. Should there be any discrepancies between the Chinese and English versions, the Chinese version shall prevail. Contents Section I Definitions 2 Section II Basic Corporate Information and Key Financial Indicators 4 Section III Summary of the Company’s Businesses 9 Section IV Discussion and Analysis on Business Operations 16 (Report of Directors) Section V Significant Events 43 Section VI Changes in Shares and Particulars of Shareholders 79 Section VII Particulars of Preference Shares 86 Section VIII Directors, Supervisors and Senior Management 87 Section IX Particulars of Corporate Bonds 89 Section X Financial Report 95 Section XI Documents for Inspection 316 Section I Definitions Unless otherwise stated in context, the following terms should have the following meanings in this report: DEFINITION OF FREQUENTLY USED TERM “The Company”, “Company” or “CRCC” China Railway Construction Corporation Limited “Group” China Railway Construction Corporation Limited and its wholly-owned and non-wholly-owned subsidiaries "CRCCG" or “Controlling Shareholder” China Railway Construction Co., Ltd., formerly known as China Railway Construction Corporation before restructuring and renaming on 11 December 2017 “General Meeting” A general meeting of China Railway Construction Corporation Limited “Board” The board of directors of China Railway Construction Corporation Limited “Independent director” A person who assumes no duties in the Company except the duty of director, and has no relation with the Company and its substantial shareholders which could hinder his independent and objective judgments “Supervisory Committee” The supervisory committee of China Railway Construction Corporation Limited “Articles of Association” The articles of association of China Railway Construction Corporation Limited “PRC” or “Mainland China” The People’s Republic of China, but excluding, for the purposes of this report, Hong Kong, Macau Special Administrative Region and Taiwan region 2 China Railway Construction Corporation Limited Section I Definitions (continued) “Hong Kong Stock Exchange” The Stock Exchange of Hong Kong Limited “Hong Kong Listing Rules” The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited “SSE Listing Rules” The Rules Governing the Listing of Stocks on Shanghai Stock Exchange “SFO” The Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) “CSRC” China Securities Regulatory Commission “Model Code” The Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 to the Hong Kong Listing Rules “Company Law” The Company Law of the People’s Republic of China “Securities Law” The Securities Law of the People’s Republic of China “SASAC” State-owned Assets Supervision and Administration Commission of the State Council “Reporting Period” The period from January to June 2018 “end of the Reporting Period” 30 June 2018 “corresponding period of last year” The period from January to June 2017 “end of last year” 31 December 2017 2018 Interim Report 3 Section II Basic Corporate Information and Key Financial Indicators I. CORPORATE INFORMATION Chinese name of the Company 中國鐵建股份有限公司 Chinese abbreviation 中國鐵建 English name of the Company China Railway Construction Corporation Limited English abbreviation CRCC Legal representative of the Company MENG Fengchao Note: On 20 July 2018, the Proposal on Candidate for Executive Director of the Company was discussed and approved at the ninth meeting of the fourth session of the Board of the Company. Due to age-related reasons, Mr. MENG Fengchao ceased to hold his positions as the chairman, an executive director and other relevant positions in the Board, with effect from 21 July 2018. As recommended by the controlling shareholder, China Railway Construction Co., Ltd., and approved by the Nomination Committee of the Board, the Board agreed to nominate Mr. CHEN Fenjian as a candidate for Executive Director of the Company. The proposal is subject to be submitted to and discussed at the first extraordinary general meeting of the Company in 2018 which is scheduled to be held on 17 September 2018. As stipulated in Article 177 of the Articles of Association, all directors of the Company recommended Mr. ZHUANG Shangbiao, an Executive Director of the Company, to preside over the General Meeting, convene and preside over board meetings, and sign relevant documents, decide on and perform all matters within the terms of reference of legal representative, etc. on behalf of the Chairman of the Company temporarily before the Board of the Company elects a new Chairman. As stipulated in Article 5 of the Articles of Association, “Chairman is the legal representative of the Company”. The Company will execute formalities for change in legal representative according to law after the new director is elected at the first extraordinary general meeting of the Company in 2018 and the new Chairman is elected by the Board of the Company. II. CONTACT PERSONS AND CONTACT METHODS Joint Company Representative of Secretary to the Board Secretaries Security Affairs Name ZHAO Dengshan ZHAO Dengshan, LAW Chun Biu XIE Huagang Correspondence address
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