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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 25 May 2020 for your information.

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

25 May 2020

As at the date of this announcement, the executive directors of the Company are ZHANG Zongyan (Chairman), CHEN Yun, WANG Shiqi 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 2020-040

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:

1. Domestic Material Projects Unit: RMB10,000 Currency: RMB

Bid Amount Contractual Serial Company Winning the Bidding Projects Won by the Project No. Bid Company Duration

Railway Projects

China Railway No.3 Sections SHCG-ZQ1, SHCG-ZQ4 and Engineering Group Co., SHCG-ZQ6 of the EPC contract for the Ltd., China Railway No.5 civil engineering and relating construction 1 Engineering Group Co., of Hengshui - Huanghuagang Segment of 917,002 42 months Ltd. and China Railway the new – Hengshui – No.6 Engineering Group Cangzhou - Huanghuagang Intercity Co., Ltd. Railway Section CQQJZQ-8 of the EPC contract China Railway No.7 for the civil engineering and relating 2 Engineering Group Co., 272,168 2,009 days construction of the new - Ltd. Qianjiang Railway China Railway No.5 Section HQZQ-1 of the construction 3 Engineering Group Co., project of Jiande - Segment of the 148,546 1,276 days Ltd. and other parties new - Quzhou Railway China Railway No.1 Engineering Group Co., Section S1 of the EPC contract for the 4 Ltd., China Railway No.3 construction of the new Aksu - Alar 86,786 24 months Engineering Group Co., Railway Ltd. and other parties

Highway Projects

China Railway No.7 The 9th section of the construction project 5 Engineering Group Co., of Lhasa - Shigatse Airport Segment of 356,402 48 months Ltd. Ya’an - Yecheng National Expressway

42 months of construction China Railway No.5 Project package 02 of “Integrated period and 5 6 Engineering Group Co., Construction and Maintenance” of general 132,617 years of Ltd. highway in Badong County, Enshi maintenance period

Municipal and Other Projects

The 3rd Section of the EPC contract for China Railway No.7 the digital town construction project 547 calendar 7 Engineering Group Co., 263,200 (Phase I) in the Science Valley of days Ltd. Zhengdong New District, China Railway Section IV (D16-GC-TJ4) of the civil 1,825 8 Engineering construction project of Xi’an Subway Line 98,005 calendar Group Co., Ltd. 16 (Phase I) days EPC contract for the integrated project of China Railway No.7 design, procurement and construction of 9 Engineering Group Co., 74,000 18 months Guangxi Yangshuo County Business Ltd. and other parties Incubation Center China Railway EPC contract for the design and 1,170 Guangzhou Engineering construction project of Nansha Hub Area 10 71,962 calendar Group Co., Ltd. and (Starting Area) of Guangdong – Hong days other parties Kong Deep Cooperation Park China Railway No.2 Construction project of the connecting line 11 Engineering Group Co., (Phase I) of Xiong County – Baigou in 53,552 365 days Ltd. Xiong’an New Area

2. Overseas Material Project

Contractual Serial Company Winning Bidding Project Bid Amount Project No. the Bid Duration Laos-China ZQSG Section of the EPC China Railway No.5 contract for the construction of Vientiane - RMB1,007.91 1 Engineering Group 17 months Vientiane South of the new Boten - Vientiane million Co., Ltd. Railway

The above bids amounted to approximately RMB25,750.31 million in aggregate, representing approximately 3.04% 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 26 May 2020