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.

中國鐵路通信信號股份有限公司 Signal & Communication Corporation Limited* (A joint stock limited liability company incorporated in the People’s Republic of China) (Stock Code: 3969)

ANNOUNCEMENT ON BID-WINNING OF IMPORTANT PROJECTS IN THE RAIL TRANSIT MARKET

This announcement is made by China Railway Signal & Communication Corporation Limited* (the “Company”) pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

In May and June 2021, the Company has totally been awarded twelve important projects in rail transit market, among which, six important projects are acquired from the railway market, namely the weak current system integration project in respect of the newly-built Guangzhou (Xintang)- Shanwei Railway (the “Guangzhou-Shanwei High-speed Railway”) with a tender amount of RMB549 million; the project of signaling, communications and information system for the Stara Pazova (excluded)-Novi Sad (excluded) section of the Hungary-Serbia Railway in Serbia with a tender amount of RMB299 million; the subcontracting project communications, signaling, information and electric power construction for the Lianjie-Leshan Line of a newly-built local railway with a tender amount of RMB210 million; the four-power system integration and related engineering self-purchase materials procurement negotiation (track circuit) project in respect of the newly-built Fuzhou-Xiamen Railway with a tender amount of RMB136 million; the capacity expansion and renovation project of Zhunchi Railway Wochang Station of the Xinshuo Railway with a tender amount of RMB110 million; the self-closing upgrading and renovation and other construction projects of the second tender section in respect of the Shuohuang Railway section under the open tender for the seventh batch of large and medium-sized maintenance engineering projects of the Shuohuang Railway in 2020 with a tender amount of RMB106 million; and six important projects are acquired from the urban rail transit market, namely the Shanghai Rail Transit Lines 3/4 signal system upgrading and renovation integrated project with a tender amount of RMB1.0 billion; the signaling, integrated monitoring and other weak current system installation engineering projects in respect of the Shenzhen Rail Transit Line 12 PPP project with a tender amount of RMB259 million; the communication system procurement and installation project in respect of the trains, control system and overall rail modernization project of the Mexico City Public Transport System with a tender amount of RMB243 million; the signal system equipment procurement project in respect of the Line 6 branch line and its second phase project with a tender amount of RMB158 million; the signal and AFC system installation project in respect of the first phase project of the Municipal Railway S2 line with a tender amount of RMB133 million; the 01 section project of the weak current system installation and construction in respect of the first phase project of the Luoyang Urban Rail Transit with a tender amount of RMB132 million.

1 Details of the projects awarded are hereby announced as below:

I. RELEVANT INFORMATION OF THE PROJECTS WON IN THE RAILWAY MARKET

Project One Project Two Project Three

I. General information

1. Name of the project The Guangzhou-Shanwei High- The project of signaling, The subcontracting project of speed Railway communications and communications, signaling, information system for the information and electric Stara Pazova (excluded)- power construction for the Novi Sad (excluded) section Lianjie-Leshan Line of a of the Hungary-Serbia newly-built local railway Railway in Serbia 2. Bid originator China Railway Guangzhou Group China Railway International Sichuan Railway Construction Co., Ltd. Co., Ltd.* (中國鐵路國際有 Co., Ltd. 限公司) China Communications Construction Company Limited 3. Tender amount 5.49 2.99 2.10 (RMB100 million) 4. Overview of the The newly-built section of the The Stara Pazova (excluded)- The main line of the project project Guangzhou-Shanwei High- Novi Sad (excluded) is 123.079 km long, speed Railway project is section of the Hungary- starting at Lianjie Station 202.763 km long in total Serbia Railway in Serbia in Weiyuan County, and the designed running is 44 km long with a Neijiang City, passing speed of the line is 350 km/ total of 4 stations and 1 through Renshou County h. The line will be equipped line station, and will be in Meishan City, as with the CTCS-3 level high- equipped with the ETCS- well as Jingyan County, speed train operation control 2 level train control system Wutongqiao District, system. The Company standard. The Company Shizhong District and will be responsible for the will be responsible for the Shawan District in Leshan equipment procurement and equipment procurement and City, with Shijing Station, system debugging and other system integration including Wangyang Station, Jingyan system integration works system debugging for all the Station, Mata Station, for all engineering such as signaling, communications, Leshan Port Station and the communications and information and other Taiping Station newly signaling of the whole line of aspects of the project, established along the line, Guangzhou-Shanwei High- and will coordinate joint and ending at Yangang speed Railway, and will debugging, trial operation Station in Emeishan coordinate joint debugging, and other tasks. City. The Company will trial operation and other be responsible for the tasks. construction, installment and system debugging and other works for all the communications, signaling, information, electric power and other aspects of the project, and will coordinate joint debugging, trial operation and other tasks.

2 Project One Project Two Project Three

II. Information of the counterparty

1. Name of the China Railway Guangzhou Group China Railway International Sichuan Railway Construction enterprise Co., Ltd. Co.,Ltd.* (中國鐵路國際有 Co., Ltd. 限公司) China Communications Construction Company Limited 2. Nature of the State-owned enterprise State-owned enterprise State-owned enterprise enterprise 3. Legal Wu Yong Ju Guojiang Kou Guangming representative Wang Tongzhou 4. Registered capital RMB249,254.03 million RMB1,200.00 million RMB1,000.00 million RMB16,174.735425 million 5. Date of 1992-12-05 2014-12-30 1993-01-19 incorporation 2006-10-08 6. Main office No. 151, Zhongshan 1st Road, No. 10, Fuxing Road, Haidian No. 88, West Section II location Yuexiu District, Guangzhou, District, Beijing of Second Ring Road, Guangdong Province No. 85, Deshengmenwai Street, Chengdu Xicheng District, Beijing 7. Major shareholders China State Railway Group Co., China State Railway Group Co., Sichuan Railway Group Co., Ltd. Ltd. Ltd.*(四川省鐵路集團有 China Communications 限責任公司) Construction Group (Limited) HKSCC NOMINEES LIMITED China Securities Finance Corporation Limited

3 Project One Project Two Project Three

8. Principal business Railway passenger and freight Consultation, survey, design Railway works, building works, transportation and related and construction general highway works, road traffic services; manufacturing, contracting of various works, highway subgrade installation, maintenance domestic and foreign works, highway pavement and leasing of railway projects; undertaking works, water conservancy transportation equipment, overseas market operations and hydropower works, facilities and accessories; or international tendering port and waterway works, manufacturing, installation, projects; undertaking design, port and coast works, maintenance, sales and construction, transportation waterway works, river leasing of railway special and management general and lake regulation works, equipment and related contracting of foreign environmental protection industrial equipment; economic assistance projects works, earthwork organization and management from China; building engineering services, of railway passenger and materials, equipment sales building decoration works, freight transportation, and other import and pre-mixed concrete works, technology and other export operations; foreign mechanical and electrical industrial development; investment; passenger works, bridge works, survey, design, construction and freight transportation tunnel works, airport and maintenance of operation and management runway works, urban construction projects inside of related overseas railway and road lighting works, and outside railways; general projects. foundation works, electric contracting and management power works, railway of projects; engineering General contracting of ports, electrification works, design; domestic freight waterways, highways railway electrical works, forwarding; general freight and bridges construction etc. transportation; loading, projects; engineering unloading and delivering; technology research and building decoration consultation; engineering engineering; technology design, survey, construction, development, transfer, service supervision as well as and consultation in the field procurement, supply and of railway transportation installation of related technology; engineering integrated equipment and management services, etc. materials.

4 Project One Project Two Project Three

III. Major terms and conditions of the contract to be signed

1. Amount of the 5.49 2.99 2.10 contract (RMB100 million) 2. Payment schedule Payments of the project will Payments of the project will Payments of the project will be made based on upfront be made based on upfront be made based on upfront payments, progress payments, payments, interim payments payments, progress payments on completion for each batch and other payments, payments on and acceptance, warranty processes. completion and acceptance, payments and other warranty payments and processes. other processes. 3. Place of Within Guangdong Province Within Serbia Within Sichuan Province performance 4. Term for From the signing date of the From the signing date of the From the signing date of the performance contract to the end of the contract to the end of contract to the end of warranty period of the the warranty period of the warranty period of project. The project execution the project. The project the project. The project cycle is approximately 22 execution cycle is execution cycle is months, and the warranty approximately 7 months, approximately 10 months, period is 12 months, totaling and the warranty period and the warranty period 34 months. is 60 months, totaling 67 is 24 months, totaling 34 months. months. 5. Conditions for the The contract shall become The contract shall become The contract shall become contract to take effective once signed and effective once signed and effective once signed and effect affixed with official seals by affixed with official seals by affixed with official seals the legal representatives or the legal representatives or by the legal representatives authorized representatives of authorized representatives or authorized both parties. of both parties. representatives of both parties. 6. Contract signing Guangzhou Beijing Chengdu place

5 Project Four Project Five Project Six

I. General information

1. Name of the The four-power system The capacity expansion The self-closing upgrading project integration and related and renovation project and renovation and engineering self- of Zhunchi Railway other construction purchase materials Wochang Station of the projects of the second procurement negotiation Xinshuo Railway tender section in respect (track circuit) project of the Shuohuang in respect of the newly- Railway section under built Fuzhou-Xiamen the open tender for Railway the seventh batch of large and medium- sized maintenance engineering projects of the Shuohuang Railway in 2020 2. Bid originator China Railway Construction Shenhua Zhunchi Railway China Energy Shuohuang Electrification Bureau Company Limited* (神 Railway Development Group Co., Ltd.* (中國 華准池鐵路有限責任公 Co., Ltd.* (國能朔黃鐵 鐵建電氣化局集團有限 司) 路發展有限責任公司) 公司) 3. Tender amount 1.36 1.10 1.06 (RMB100 million) 4. Overview of the The main line of the This project is a newly- The main line of this project newly-built Fuzhou- built LTE broadband project is 76.8 Xiamen Railway is mobile communication kilometers long with 277.42 kilometers system for the section 4 stations, namely long, with 7 stations from Wochang to Yuanpingnan, Huifeng, on the whole line, 2 Shenchi South Station, Dongye and Nanwan. new multiple-unit train covering a railway The Company will be maintenance stations length of approximately responsible for the and 2 new multiple- 59.135 kilometers. overhaul of the signal unit train storage yards. The Company will centralized monitoring The Company will be be responsible for system of this project responsible for the the construction of and related projects supply of track circuit the newly-built LTE such as communications equipment and system broadband mobile and power optical cable debugging for this communication system relocation. project. and supporting machine rooms, electricity and other related projects for this project.

6 Project Four Project Five Project Six

II. Information of the counterparty

1. Name of the China Railway Construction Shenhua Zhunchi Railway China Energy Shuohuang enterprise Electrification Bureau Company Limited* (神 Railway Development Group Co., Ltd.* (中國 華准池鐵路有限責任公 Co., Ltd.* (國能朔黃鐵 鐵建電氣化局集團有限 司) 路發展有限責任公司) 公司) 2. Nature of the State-owned enterprise State-owned enterprise State-owned enterprise enterprise 3. Legal Wan Chuanjun Zhang Zhiwen Ding Maoting representative 4. Registered capital RMB3,800.00 million RMB4,710.00 million RMB15,231.14905761 million 5. Date of 1994-07-21 2011-10-19 1998-02-18 incorporation 6. Main office Room 108A8, Building No.73, Shanyang Street, 16th Floor, No.6, location 1, Chongxin Building, Shuozhou (5th Floor, Caihefang Road, No.3, Xijing Road, Shanyang Street Sub- Haidian District, Badachu High-tech branch of CCB in Beijing Park, Shijingshan Shuozhou) District, Beijing 7. Major shareholders China Railway Construction China Shenhua Energy China Shenhua Energy Corporation Limited* Company Limited* (中 Company Limited* (中 ( 中國鐵建股份有限公 國神華能源股份有限公 國神華能源股份有限公 司) 司) 司) Shanxi Jiaochangping Daqin Railway Co., Ltd.* Energy Industries Group ( 大秦鐵路股份有限公 Company Limited* (山 司) 西教場坪能源產業集團 Hebei Construction 有限公司) Investment Transportation Investment Co., Ltd.* (河 北建投交通投資有限責 任公司)

7 Project Four Project Five Project Six

8. Principal business Construction general General cargo transportation Coal operation (no physical contracting, professional by self-built railway, coal trading, storage contracting, engineering railway investment and and transportation technology testing, construction; passenger activities are carried railway transportation and freight station out in Beijing); railway equipment maintenance, services (excluding transportation of coal electrical equipment dangerous goods); and related products repair, mechanical cargo handling services and other goods; equipment leasing, (excluding dangerous accommodation; technology development, goods), cargo agency construction and technical consulting, and consulting services; operation of the technical services, catering services, Shuohuang Railway; technology transfer, accommodation railway emergency research and services, community rescue, technology development of special greening services, development, railway equipment Office building property technology promotion and accessories, management; crop and technical services urban rail transit planting, seedling in the electronic equipment, electrical cultivation; sales of equipment field; signal equipment building materials, technical inspection; and communication mining machinery railway inspection and equipment; accessories, hardware maintenance (limited manufacturing of special and electric products to other cities); railway railway equipment and office supplies. vehicle maintenance and accessories, (limited to other cities), urban rail transit etc. equipment, electrical signal equipment and communication equipment (limited to engaging in production activities in other cities); sales of special railway equipment and accessories, urban rail transit equipment, electrical signal equipment and communication equipment, etc.

8 Project Four Project Five Project Six

III. Major terms and conditions of the contract to be signed

1. Amount of the 1.36 1.10 1.06 contract (RMB100 million) 2. Payment schedule Payments of the project will Payments of the project Payments of the project be made based on upfront will be made based will be made based payments, payments on on progress payments, on upfront payments, delivery and acceptance, settlement payments, progress payments, settlement payments, warranty payments and warranty payments and warranty payments and other processes. other processes. other processes. 3. Place of Within Fujian Province Within Shanxi Province Within Shanxi Province performance 4. Term for From the signing date From the signing date of From the signing date performance of the contract to the the contract to the end of the contract to the end of the warranty of the warranty period end of the warranty period of the project. of the project. The period of the project. The project execution project execution cycle The project execution cycle is approximately is 12 months, and the cycle is approximately 30 months, and the warranty period is 24 18 months, and the warranty period is 24 months, totaling 36 warranty period is 24 months, totaling 54 months. months, totaling 42 months. months. 5. Conditions for the The contract shall become The contract shall become The contract shall become contract to take effective once signed formally effective once formally effective once effect and affixed with signed and affixed with signed and affixed with contract seals by the official seals by the official seals by the legal representatives or legal representatives or legal representatives or authorized representatives authorized representatives authorized representatives of both parties. of both parties. of both parties. 6. Contract signing Beijing Shuozhou Cangzhou place

9 II. INFORMATION OF THE PROJECT WON IN THE URBAN RAIL TRANSIT MARKET

Project Seven Project Eight Project Nine

I. General information

1. Name of the The Shanghai Rail Transit The signaling, integrated The communication project Lines 3/4 signal monitoring and other system procurement system upgrading and weak current system and installation renovation integrated installation engineering project in respect of project projects in respect of the the trains, control Shenzhen Rail Transit system and overall Line 12 PPP project rail modernization project of the Mexico City Public Transport System Line 1 2. Bid originator Shanghai Shentong Metro China Power Construction MÉXICO RAILWAY Group Co., Ltd.* (上海 South Investment Co., ENGINEERING 申通地鐵集團有限公司) Ltd.* (中電建南方建設 TECHNOLOGY, Maintenance 投資有限公司) S.A.P.I. DE C.V.(墨西 Support Co., Ltd.* (上海 哥鐵路工程技術有限 地鐵維護保障有限公司) 公司) 3. Tender amount 10.00 2.59 2.43 (RMB100 million) 4. Overview of the The total length of the The total length of the main The total length of the project main line in this project line in this project is main line in this is 62.7 km, with 29 approximately 40.533 project is 18.8 km with underground stations km with 33 stations, 20 stations, 1 vehicle and 17 elevated stations; including 20 transfer depot; 1 parking lot, it is equipped with 91 stations. The average 1 control centre and 1 trains/546 vehicles; distance between backup control centre. 1 control centre;1 stations is approximately The Company will be vehicle depot; 3 parking 1.241 km. The Company responsible for the lots; 1 testing line; 1 will be responsible contracting (including maintenance centre; for the installation of design, supply, and 1 training centre at signal system, integrated installation, testing, the initial stage of the monitoring system, training, trial operation project. The Company environment and and quality assurance) will be responsible for equipment monitoring of communication signal system upgrading system, security and system for the project. and renovation for the access control system, project. automatic ticketing system and intelligent parking lot for the project.

10 Project Seven Project Eight Project Nine

II. Information of the counterparty

1. Name of the Shanghai Shentong Metro China Power Construction MÉXICO RAILWAY enterprise Group Co., Ltd.* (上海 South Investment Co., ENGINEERING 申通地鐵集團有限公司) Ltd.* (中電建南方建設 TECHNOLOGY, Shanghai Metro Maintenance 投資有限公司) S.A.P.I. DE C.V.(墨西 Support Co., Ltd.* (上海 哥鐵路工程技術有限 地鐵維護保障有限公司) 公司) 2. Nature of the State-owned enterprise State-owned enterprise – enterprise 3. Legal Yu Guangyao Zhu Ruixi Gao Feng representative Zhang Lingxiang 4. Registered capital RMB272,545 million RMB1,000 million MXN50,000 RMB50 million 5. Date of 2000-04-19 2012-09-17 2021-01-11 incorporation 2013-07-01 6. Main office No.489 Pudian Road, China Baoyuan Building, Building Mexico location (Shanghai) Pilot Free- 1,Bijiashan Yilan Trade Zone Garden, No.2009, Room 1089, No.6, 1st Shangbu North Road, Floor, Tower B1, Huafu Street, Futian No.253 Jianguo West District, Shenzhen Road, Xuhui District, Shanghai 7. Major shareholders Shanghai Jiushi (Group) Power China Railway CRRC Zhuzhou Co., Ltd.* (上海久 Construction Investment Locomotive Co., Ltd.* 事（集團）有限公司) , Group Co., Ltd.* (中電 (中車株洲電力機車有 Shanghai Chengtou 建鐵路建設投資集團有 限公司) Holding Co., Ltd.* (上 限公司) CRRC (Hong Kong) Co. 海城投（集團）有限公 Power Construction Ltd.* (中國中車（香 司) Corporation of China, 港）有限公司) Shanghai Shentong Metro Ltd.* (中國電力建設股 Group Co., Ltd.* (上海 份有限公司) 申通地鐵集團有限公司)

11 Project Seven Project Eight Project Nine

8. Principal business Industrial investment, rail Construction project Engineering design, transit construction investment; investment procurement, management and and establishment of installation, comprehensive industry; construction construction, development and project management; maintenance, operation; protection, construction debugging, testing and maintenance and contracting; technology defect correction of rail operation of rail transit development and transit. facilities and equipment; technical consultation; advertising publishing equipment leasing; sales leveraging one’s own of building materials, media, etc. Operation instruments, machinery and management of rail and equipment; product transit facilities and development, design, equipment; installation, sales and technical debugging, maintenance, consulting of new repair and renovation functional materials services for rail in the construction transit facilities and industry; harbor equipment (excluding construction, coastal special equipment); dams, ocean tunnel and comprehensive bridge construction supervision, management, monitoring and technology research guardianship services and development and and construction technical consultation; management services product research for rail transit facilities and development, and equipment, high- design, sales, and tech development technical consultation and operation for of prefabricated informatization and components. automation of rail transit facilities and equipment; inspection, leasing and related technical services for dedicated facilities and equipment (excluding special equipment); property management services related to rail transit facilities and equipment and supply of maintenance materials; technical services, technical consulting and investment business related to rail transit, etc. 12 Project Seven Project Eight Project Nine

III. Major terms and conditions of the contract to be signed

1. Amount of the 10.00 2.59 2.43 contract (RMB100 million) 2. Payment schedule Payments of the project Payments of the project Payments of the project will be made based will be made based will be made based on upfront payments, on upfront payments, on upfront payments, progress payments, de- progress payments, gate-in payments, vanning payments, payments on completion payments on arrival, settlement payments, and settlement, warranty payments on payments on acceptance, payments and other preliminary acceptance warranty payments and processes. and other processes. other processes. 3. Place of Shanghai Shenzhen Mexico City, Mexico performance 4. Term for From the signing date From the signing date From the signing date performance of the contract to the of the contract to the of the contract to the end of the warranty end of the warranty end of the warranty period of the project. period of the project. period of the project. The project execution The project execution The project execution cycle is approximately cycle is approximately cycle is approximately 30 months, and the 14 months, and the 32 months, and the warranty period is 24 warranty period is 24 warranty period is 24 months, totaling 54 months, totaling 38 months, totaling 56 months. months. months. 5. Conditions for the The contract shall become The contract shall become The contract shall become contract to take formally effective once effective once signed formally effective once effect signed and affixed with and affixed with official signed and affixed with official seals by the seals by both parties. official seals by the legal representatives legal representatives or authorized or authorized representatives of both representatives of both parties. parties. 6. Contract signing Shanghai Shenzhen Mexico City, Mexico place

13 Project Ten Project Eleven Project Twelve

I. General information

1. Name of the The signal system The signal and AFC system The 01 section project Project equipment procurement installation project in of the weak current project in respect of the respect of the first phase system installation and Shenzhen Metro Line project of the Wenzhou construction in respect 6 branch line and its Municipal Railway S2 of the first phase project second phase project line of the Luoyang Urban Rail Transit Line 2 2. Bid originator Shenzhen Metro Group Co., Wenzhou Suburban Railway Luoyang Rail Transit Ltd.* (深圳市地鐵集團 Line 2 Project Co., Ltd.* Group Co., Ltd.* (洛陽 有限公司) (溫州市域鐵路二號線項 市軌道交通集團有限責 目有限公司) 任公司) 3. Tender amount 1.58 1.33 1.32 (RMB100 million) 4. Overview of the The total length of the The total length of the The total length of the project metro line in this metro line in this project metro line in this project is 11 km, with is 63.63 km, with 20 project is approximately 6 underground stations stations, including 1 18.22 km, all of which and 1 elevated station; underground station and are underground lines, it is equipped with 9 other elevated stations. with 15 stations, 1 trains/54 vehicles; 1 The average distance vehicle depot and 1 control centre; 1 testing between stations is control centre. The line; 1 maintenance 3.27 km, with 1 control Company will be centre; and 1 training centre, 1 vehicle depot, responsible for the centre at the initial 1 parking lot, 1 testing installation of weak stage of the project. line, 1 maintenance current systems for The Company will be centre and 1 training the project, such responsible for ATP/ centre. The Company as communication, ATO system, ATS will be responsible for integrated monitoring, system, CI system, the installation of signal and automatic fare maintenance and system and AFC system collection. monitoring system and for the project. DCS system for the project, etc.

14 Project Ten Project Eleven Project Twelve

II. Information of the counterparty

1. Name of the Shenzhen Metro Group Co., Wenzhou Suburban Railway Luoyang Rail Transit enterprise Ltd.* (深圳市地鐵集團 Line 2 Project Co., Ltd.* Group Co., Ltd.* (洛陽 有限公司) (溫州市域鐵路二號線項 市軌道交通集團有限責 目有限公司) 任公司) 2. Nature of the State-owned enterprise State-owned enterprise State-owned enterprise enterprise 3. Legal Xin Jie Jin Lin Ma Chaoxin representative 4. Registered capital RMB45,943,160,000 RMB220 million RMB1,000 million 5. Date of 1998-07-31 2017-02-28 2016-09-27 incorporation 6. Main office Floor 27-31, Metro Room 1517, Floor 15, Floor 23, Bank of Luoyang, location Building, No.1016, Wenzhou Rail Transit No. 256, Kaiyuan Fuzhong No.1 Road, Control Center, No. Avenue, Luolong Futian District, 2305, Wenzhou Avenue, District, Luoyang Shenzhen Lucheng District, Wenzhou, Province 7. Major State-owned Assets Wenzhou Mass Transit State-owned Assets shareholders Supervision and Railway Investment Supervision and Administration Group Co., Ltd.* （溫州 Administration Commission of the 市鐵路與軌道交通投資 Commission of People’s Government of 集團有限公司） Luoyang Provincial Shenzhen Municipal People’s Government Wenzhou Rail Transit Development Agricultural Bank Phase I Construction Investment Partnership (Limited Partnership)* (溫州市軌 道交通發展農銀一期建 設投資合夥企業（有限 合夥))

15 Project Ten Project Eleven Project Twelve

8. Principal business Construction, operation, Investment, construction, Investment, construction development and operation and and operation of comprehensive management of city rail transit projects utilization of subway and railway projects and (operating with transportation supporting projects along qualification certificate projects; investment the line; warehousing and permits); sale and and establishment of along the rail line of lease of rail transit industries (specific the city, construction, equipment; development projects will be reported development and of underground space separately); domestic operation of logistic resource and upper- commerce, material service projects; asset cover property in rail supply and marketing operation along the rail transit station line industry (excluding line of the city. and relevant areas; franchise, special control, investment of real estate monopoly commodities); projects. operating advertising business; own property management; consulting and education training of rail transit related business.

III. Major terms and conditions of the contract to be signed

1. Amount of the 1.58 1.33 1.32 contract (RMB100 million) 2. Payment schedule Payments of project will be Payments of the project Payments of the project made based on upfront will be made based will be made based payments, payments on on upfront payments, on upfront payments, design review, payments progress payments, progress payments, after arrival of goods, payments on completion warranty payments and payments on interim and settlement, warranty other processes. acceptance, payments payments and other on completion and processes. acceptance, payments upon submission of settlement documents, settlement payments, payments on final acceptance and other processes. 3. Place of Shenzhen Wenzhou Luoyang performance

16 Project Ten Project Eleven Project Twelve

4. Term for Metro Line 6 branch line: From the date of signing of From the date of signing of performance from the date of signing the contract to the end the contract to the end of the contract to the end of the project warranty of the project warranty of the project warranty period, of which, the period, of which, the period, of which, the project execution cycle project execution project execution cycle is approximately 22 cycle is approximately is approximately 18 months and the warranty 10 months and the months and the warranty period is 24 months, warranty period is 24 period is 36 months, totaling 46 months. months, totaling 34 totaling 54 months. months. The second phase of Metro Line 6 branch line: from the date of signing of the contract to the end of the project warranty period, of which, the project execution cycle is approximately 54 months and the warranty period is 36 months, totaling 90 months. 5. Conditions for the The contract shall become The contract shall become The contract shall become contract to take formally effective once effective after the formally effective once effect signed and affixed with contractor has provided signed and affixed with official seals by the a full performance official seals by the legal representatives guarantee and both legal representatives or authorized parties have signed and or authorized representatives of both affixed with official representatives of both parties. seals. parties. 6. Contract signing Shenzhen Wenzhou Luoyang place

II. IMPACT ON THE COMPANY

1.The total tender amount for the above projects is approximately RMB3,335 million, accounting for approximately 8.36% of the Company’s audited operating income in 2020 under the Chinese Accounting Standards. Given that the above projects will be implemented in phases across years, there are uncertainties as to the impact on the current results of 2021. If formal contracts are signed for the above projects and the projects are smoothly implemented, it is expected to have a relatively positive impact on the Company during the implementation period of the projects.

2. The Company has no related relationships with the above bid originators, and the bid-winning of the above projects does not affect the independence of the Company’s business.

17 III. POSSIBLE RISKS

The bid-winning of the above projects has been published. Due to the relevant formalities involved, the Company has not signed the relevant formal contracts with the bid originators and uncertainties exist. The final amount, the terms of performance and other details of the above projects are subject to the formally signed contracts. Investors are reminded of the investment risks.

By order of the Board China Railway Signal & Communication Corporation Limited* ZHOU Zhiliang Chairman

Beijing, the PRC 23 July 2021

As of the date of this announcement, the executive Directors of the Company are Mr. ZHOU Zhiliang, Mr. XU Zongxiang and Mr. YANG Yongsheng, the non-executive Director of the Company is Mr. GUO Yonghong and the independent non-executive Directors of the Company are Mr. CHEN Jin’en, Mr. CHAN Ka Keung Peter and Mr. YAO Guiqing.

* For identification purpose only

18