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.

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

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

This announcement is made by 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 November and December 2020, the Company has totally been awarded eight important projects in rail transit market, among which, four important projects are acquired from the railway market, namely the strong current and weak current integration construction of the Newly-built Baiyun Station (Tangxi Station) (BYZSG5 section) of Guangzhou Railway Hub with a tender amount of RMB202 million; the integrated procurement project in respect of the supporting electrical on-board equipment for the 350 km/h Fuxinghao EMU with a tender amount of RMB136 million; the newly-built railway information system for Hangzhou-Shaoxing-Taizhou Railway and related construction with a tender amount of RMB197 million; the post station renovation construction (SLZH-1 section) for the bus-based tourism train (excluding the foregoing section) on the Sanya-Ledong (Lingtou) Section of the West Ring High-speed Railway and the Cargo Line in Hainan with a tender amount of RMB235 million; and the Company awarded four important projects in the market, namely the PPP project of Tianshui Tramway Demonstration Line (Phase II) with a tender amount of RMB2,357 million; outsourced maintenance project in respect of the signal and communication equipment of Rail Transit Line Nos. 6, 7, 15 and 16 with a tender amount of RMB259 million; signal system project in respect of the first and second phases of Rail Transit Line No. 3 with a tender amount of RMB332 million; signal system procurement project in respect of the second phase of Rail Transit Line No. 2 with a tender amount of RMB155 million.

Details of the projects awarded are hereby announced as below:

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

Project One Project Two Project Three Project Four

I. General information

1. Name of the Project Strong current and weak Integrated procurement Newly-built railway Post station renovation current integration project in respect of the information system for construction (SLZH-1 construction of the Newly- supporting electrical on- Hangzhou-Shaoxing- section) for the bus-based built Guangzhou Baiyun board equipment for the Taizhou Railway and tourism train (excluding Station (Tangxi Station) 350 km/h Fuxinghao EMU related construction the foregoing section) (BYZSG5 section) of on the Sanya-Ledong Guangzhou Railway Hub (Lingtou) Section of the West Ring High-speed Railway and the Cargo Line in Hainan 2. Bid originator China Railway Guangzhou Railway China Railway Design Hainan Railway Co., Ltd. Group Co., Ltd. Development Group Co., Corporation Ltd.*（黑龍江鐵路發展 集團有限公司）, Beijing- Shenyang Passenger Dedicated Line Liaoning Co., Ltd., -Jilin Intercity Railway Co., Ltd., Beijing-Shenyang Passenger Dedicated Line Beijing-Hebei Co., Ltd. 3. Tender amount 2.02 1.36 1.97 2.35 (RMB100 million)

2 Project One Project Two Project Three Project Four

4. Overview of the project The scope of this project A total of 116 sets of The major constructions The Group commenced the is Guangzhou Baiyun electrical on-board to be undertaken by renovation construction Station (Tangxi Station) equipment are involved the Company are the for bus-based tourism of Guangzhou Hub, in the bidding and transportation scheduling train by utilizing the and the ancillary procurement of the management system, Sanya-Ledong (Lingtou) facilities and lines such integrated procurement ticketing system, Section of the West Ring as the construction of project in respect of the passenger service High-speed Railway and Dalang Bus Technical supporting electrical on- information system, the Cargo Line in Hainan, Maintenance Station, board equipment for the administrative information with a length of operation including the Newly- 350 km/h Fuxinghao system, public security of 107.058 km. There built Guangzhou Baiyun EMU (i.e. the integrated management information are a total of 11 stations, Station (including equipment of on-board system, integrated including 6 existing the simultaneous equipment for CTCS-3- wiring system, access stations and 5 newly-built implementation part level train control system, control system, power stations. of intercity field), locomotive integrated and environmental Dalang Bus Technical radio communication monitoring system, The Company will be Maintenance Station equipment (CIR) and parking lot management responsible for the (with Dalang turnaround EMU engineer operation information system for construction and section reserved), the analysis system (EOAS)). the 8 stations of Shaoxing installation, equipment adaptive transformation The Company is North, , procurement and system of the existing Guangzhou responsible for providing Sanjie, Shengzhou debugging for all Locomotive Depot, the 54 sets of on-board ATP Xinchang, Tiantai, Linhai, the communications, Newly-built Beijing- equipment of CTCS-3- Taizhou Center and signaling and passenger Guangzhou High-speed level train control system. Wenling of Hangzhou- transportation service Railway Connection Shaoxing-Taizhou management of the Line (Guangzhou North Railway; administrative project, and will to Guangzhou Baiyun), system, public security coordinate joint the reconstruction and management and related debugging, trial operation expansion of the existing information system for and other tasks. Beijing-Guangzhou Line all production and living (Dalang-Guangzhou housings (including Baiyun-Guangzhou independent four electric West Section), and houses); and relevant the reserved projects system renovation to be implemented projects of China Railway simultaneously such as Shanghai Group Co., Ltd. Guangzhou-Zhanjiang High-speed Railway and Guangzhou .

The Company will be responsible for the professional construction, equipment procurement and joint debugging for all the communications, signaling, electricity, housing and signal transition construction within the scope of the project contract.

3 Project One Project Two Project Three Project Four

II. Information of the counterparty

1. Name of the enterprise China Railway Guangzhou Heilongjiang Railway China Railway Design Hainan Railway Co., Ltd. Group Co., Ltd. Development Group Co., Corporation Ltd.*（黑龍江鐵路發展集 團有限公司）, Beijing-Shenyang Passenger Dedicated Line Liaoning Co., Ltd., Changchun-Jilin Intercity Railway Co., Ltd., Beijing-Shenyang Passenger Railway Line Beijing- Hebei Co., Ltd. 2. Nature of the enterprise State-owned enterprise State-owned enterprise State-owned enterprise State-owned enterprise 3. Legal representative Wu Yong Jiang Hui Liu Weiqun Chen Xiangqian Liu Weiping Wang Yanjiang Huang Difu 4. Registered capital RMB249,254.03 million RMB17,820 million RMB660 million RMB30,413,035,600 RMB41,970 million RMB23,245,273,000 RMB34,990 million 5. Date of incorporation 1992-12-05 2011-04-20 1992-07-21 2007-07-27 2009-08-07 2007-04-29 2014-03-05 6. Main office location No. 151, 1st No. 333 Dongzhi Road, No. 109, East 7th Road, No. 68 East Shita Road, Road, , , Harbin, Pilot Free Trade Qiongshan District, Guangzhou, Floor 24, 25, 26, Block Zone (Airport Economic Haikou, Hainan Province Province A, Taichen Business Area) Building, No. 181, Nanwu Road, Heping District, Shenyang, No. 38 Huigong Road, Changchun, Room 106-76, Building 2, No. 8 South Xinsheng Road, Miyun District, Beijing

4 Project One Project Two Project Three Project Four

7. Major shareholders China State Railway Group Heilongjiang Provincial China State Railway Group China Railway Guangzhou Co., Ltd. Investment Group, China Co., Ltd. Group Co., Ltd., Hainan Railway Development Development Holdings Fund Co., Ltd., China China Railway Group Co., Ltd. Railway Harbin Group Limited Co., Ltd.;

China Railway Development Fund Co., Ltd., China Railway Shenyang Group Co., Ltd.;

China Railway Shenyang Group Co., Ltd., Jilin Province Communication Investment Group Co., Ltd., China Railway Development Fund Co., Ltd.;

Beijing Infrastructure Investment Co., Ltd, China Railway Development Fund Co., Ltd., China Railway Beijing Group Co., Ltd., Hebei Construction Transportation Investment Co., Ltd.

5 Project One Project Two Project Three Project Four

8. Principal business Railway passenger and Construction of railway Undertaking survey, Investment, construction and freight transportation engineering projects; consultancy, design and operation management and related services; railway freight supervision projects for of railways in Hainan manufacturing, transportation; railway foreign and domestic Province and Zhanjiang- installation, maintenance passenger transportation; investment works; Sanya Railway; and leasing of railway tender agency services; export of equipment and consultation, survey, transportation equipment, railway engineering materials required for design, construction facilities and accessories; research and development the above work projects; and maintenance of manufacturing, and technical services; contracting foreign work construction projects installation, maintenance, special technology projects that are consistent inside and outside sales and leasing development, consultation, with its strength, scale and the railway; railway of special railway exchange, transfer and performance; undertaking transportation services, equipment and related promotion services of domestic works ferry transportation industrial equipment; railway; development investigation, surveying, services, joint organization and and operation of land consultation, design, transportation services of management of railway and real estate; property supervision, general railways, roads, air and passenger and freight management services; contracting, work pile water transportation. transportation, technology leasing operation of real inspection and geological and other industrial estate; operating lease of disaster prevention and development; survey, machinery and equipment, control works construction design, construction etc. projects; consultancy and maintenance of services relating to construction projects Construction of passenger the above businesses; inside and outside dedicated lines of tendering agency for the railway; general Beijing-Shenyang construction projects, etc. contracting and (Liaoning Section), management of projects; Shendan and Panying engineering design; Railway, operation and technology development, management for passenger transfer, service and transportation of Beijing- consultation in the field Shenyang Railway, sales of railway transportation of railway construction technology; leasing of materials, real estate railway machinery and development, property equipment; construction management, etc. management services; information system integration, research and development and services, etc.

6 Project One Project Two Project Three Project Four

Construction of joint venture railway and passenger and freight transportation in Jilin Province, supply of materials, service agency, real estate development, hotel services, catering services, property management, livestock breeding, etc.

Real estate development; property management; railway transportation; construction of Beijing- Shenyang passenger dedicated line of Beijing- Hebei Section Project; travel information consultation; design, production, agency and publication of advertisements; construction project management; retail transportation equipment, construction materials, etc.

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

1. Amount of the contract 2.02 1.36 1.97 2.35 (RMB100 million) 2. Payment schedule Payments of the project Payments of the project will Payments of the project Payments of the project will be made based be made based on arrival will be made based will be made based on upfront payments, payments and payments on upfront payments, on upfront payments, progress payments, on acceptance. progress payments, progress payments, payments on completion payments on completion payments on completion and acceptance, warranty and acceptance, warranty and acceptance, warranty payments and other payments and other payments and other processes. processes. processes. 3. Place of performance Guangzhou Changchun, Qingdao, Within Zhejiang Province Within Hainan Province Tangshan

7 Project One Project Two Project Three Project Four

4. Term for performance From the date of signing of From the date of signing of From the date of signing of From the date of signing of the contract to the end the contract to 30 days the contract to the end the contract to the end of the project warranty after the end of the project of the project warranty of the project warranty period, of which, the warranty period, of which, period, of which, the period, of which, the project execution cycle is the project execution cycle project execution cycle is project execution cycle is approximately 36 months is approximately 5 months approximately 20 months approximately 24 months and the warranty period and the warranty period and the warranty period and the warranty period is 12 months, totaling 48 is 24 months, totaling 30 is 12 months, totaling 32 is 24 months, totaling 48 months. months. months. months. 5. Conditions for the The contract shall become The contract shall become The contract shall become The contract shall become contract to take effect formally effective after formally effective after formally effective after formally effective after the legal representatives the legal representatives the legal representatives the legal representatives of both parties or their of both parties or their of both parties or their of both parties or their authorized representatives authorized representatives authorized representatives authorized representatives have affixed their have affixed their have affixed their have affixed their signatures and official signatures and official signatures and official signatures and official seals. seals. seals. seals. 6. Contract signing place Guangzhou Beijing Tianjin Haikou

II. INFORMATION ON PROJECTS WON IN THE URBAN RAIL TRANSIT MARKET

Project Five Project Six Project Seven Project Eight

I. General information

1. Name of the Project PPP project of Tianshui Outsourced maintenance Signal system project in Signal system procurement Tramway Demonstration project in respect of the respect of the first and project in respect of the Line (Phase II) signal and communication second phases of Harbin second phase of Kunming equipment of Shanghai Rail Transit Line No. 3 Rail Transit Line No. 2 Rail Transit Line Nos. 6, 7, 15 and 16 2. Bid originator Tianshui Housing and Urban Group Co., and Rural Construction Maintenance Support Co., Ltd.*（哈爾濱地鐵集團有 Construction Management Bureau*（天水市住房和城 Ltd. 限公司）, Co., Ltd. 鄉建設局） CCC Harbin Metro Investment and Construction Co., Ltd. 3. Tender amount 23.57 2.59 3.32 1.55 (RMB100 million)

8 Project Five Project Six Project Seven Project Eight

4. Overview of the project Tianshui Tramway Shanghai Rail Transit Line The second phase of The second phase of Line Demonstration Line No. 6 has a total length of Harbin Rail Transit No. 2 starts at South Project (Phase II) includes approximately 32.659 km Line No. 3 has a total Huancheng Road Station two tram sections, namely with 28 stations, a standby length of 32.181 km (excluding), with a Tianshui Sanzhong to OCC on Minsheng Road, with 31 stations, all of terminus at Haidong Park Wulipu (excluding) a vehicle section on which are underground Station, a total of 10 Section and East Yangpo Gangcheng Road and a stations, a control stations, newly-equipped (excluding) to Yingchuan parking lot in Sanlin. center, a vehicle section on-board signal equipment Hekou Section, with a and a comprehensive for 19 trains, debugging of total line length of 21.60 Shanghai Rail Transit Line maintenance base on-board signal equipment km and 19 stations (1 No. 7 has a total length of (including a test line, a for 29 trains (10 of which overhead station and approximately 43.933 km maintenance center and were purchased for the 18 ground stations), a with 33 stations, a standby a training center), and is Northwest Extension newly-built parking lot, a OCC on Xincun Road, a equipped with 54 trains. Project, on-board signal total road reconstruction parking lot on Longyang The first phase renovation equipment included); a length of 32.324 km, a Road and a vehicle section project of Line No. 3 is parking lot; expansion comprehensive pipe on Chentai Road. also included: 5 stations and renovation of a construction with a length with a total length of vehicle section; a test of 11.58 km, as well as Shanghai Rail Transit .447 km. line; a comprehensive corresponding power No. 15 has a total length maintenance center; supply, communications, of approximately 41.7 km The Company will be and a control center. signals, water supply and with 30 stations, a vehicle responsible for the The Company will drainage, fire protection, section on Yuanjiang procurement and be responsible for greening and other Road and a parking lot on integration of signal the procurement and supporting works. Chentai Road (co-location system equipment for this integration of the signal with Line No. 7). project. system equipment of the project and the sub- Shanghai Rail Transit Line division, renovation and No. 16 has a total length opening of Line No. 1 of approximately 58.818 and 2 of first phase of the km with 13 stations, project. a vehicle section on Chuanyanghe (co-located with the north section of Line Nos. 11 and 13) and a north parking lot.

The Company will be responsible for the maintenance of the communication and signal equipment of the above lines.

9 Project Five Project Six Project Seven Project Eight

II. Information of the counterparty

1. Name of the enterprise Tianshui Housing and Urban Shanghai Metro Harbin Metro Group Co., Kunming Metro and Rural Construction Maintenance Support Co., Ltd.*（哈爾濱地鐵集團有 Construction Management Bureau*（天水市住房和城 Ltd. 限公司）, Co., Ltd. 鄉建設局） CCC Harbin Metro Investment and Construction Co., Ltd. 2. Nature of the enterprise Government’s functional State-owned enterprise State-owned enterprise State-owned enterprise department 3. Legal representative Ren Peiguang Zhang Lingxiang Ma Bocheng Huang Huahui Quan Xianmin 4. Registered capital ╱ RMB50 million RMB4,380 million RMB141,494,300 RMB3,329,829,400 5. Date of incorporation ╱ 2013-07-01 2008-07-30 2013-01-09 2014-11-26 6. Main office location Tianshui Construction No. 1, Old Humin Road, No. 357, West Dazhi Road, Floor 19, Kunming Metro Technology Center, Jiehe Shanghai Harbin, Line Network Control North Road, Qinzhou Floor 14, Huizhi Jinzuo, No. Center, No. 915, Beijing District, Tianshui 2222, Road, Qunli Road, , New District, Harbin Kunming 7. Major shareholders ╱ Shanghai Shentong Metro Harbin Municipal People’s Kunming Rail Transit Co., Ltd. Government State-owned Group Co., Ltd., CDB Assets Supervision Development Fund Ltd., and Administration Bank Of Communications Commission, Heilongjiang International Trust Co., Investment Holdings Co., Ltd. Ltd., CDB Development Fund Ltd.;

Beijing CCC-CL Urban Rail Transit Investment Fund I (Limited Partnership)*（北 京中交國壽城市軌道交 通一期投資基金（有限合 夥 ））, CDB Development Fund Ltd., CRRC Changchun Railway Vehicles Co., Ltd., Putian Eastern Communications Group Company Limited, China Communications Construction Company Ltd., China Railway First Group Co., Ltd.

10 Project Five Project Six Project Seven Project Eight

8. Principal business ╱ Operation and management Entrusted by the municipal Construction and of rail transit facilities government, the management of urban rail and equipment, companies will exercise transit works, housing installation, debugging, asset ownership within construction works and maintenance, repair and the scope of authorization, municipal infrastructure renovation services for carry out investment, works; land development; rail transit facilities and financing and capital construction, operation equipment (excluding operation, engage in metro and management of special equipment), investment, construction, parking lots along the comprehensive operation, development metro construction. supervision, monitoring and management and guardianship activities, be responsible services and construction for the management, management services development and for rail transit facilities operation of metro-related and equipment, high- land, and be responsible tech development for the development and and operation for use of the above-ground informatization and and underground resources automation of rail transit in metro projects. facilities and equipment, inspection, leasing and Investment, financing, related technical services construction and for dedicated facilities operation of rail transit and equipment (excluding projects; real estate special equipment), development; property property management management; investment, services related to rail construction and transit facilities and operation of highways, equipment and supply of municipal administration, maintenance materials, environmental protection technical services, and warehousing; new technical consulting energy development; and investment business investment in the financial related to rail transit, etc. sector, etc.

11 Project Five Project Six Project Seven Project Eight

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

1. Amount of the 23.57 2.59 3.32 1.55 contract (RMB100 million) 2. Payment schedule Payments of the project Payments of the project will Payments of the project will Payments of the project will be made by viability be made on a quarterly be made based on upfront will be made based gap funding during the basis. payments, payments upon on first instalment, operation period of 27 delivery of equipment, equipment payments, years. payments on completion payments on acceptance and acceptance, payments of divisional project after contract settlement, quality, prepayments on warranty payments and acceptance of unit project, other processes. payments on acceptance of unit project, settlement Payments of the project payments, audit payments, will be made based warranty payments and on upfront payments, other processes. designer communication completion payments, payments upon delivery of equipment, payments on completion and acceptance, payments after contract settlement, warranty payments and other processes. 3. Place of performance Tianshui Shanghai Harbin Kunming 4. Term for performance Construction period of 3 Maintenance services cycle: From the date of signing of From the date of signing of years and operation period from 1 January 2021 to 31 the contract to the end the contract to the end of 27 years. December 2025. of the project warranty of the project warranty period, of which, the period, of which, the project execution cycle is project execution cycle is approximately 14 months approximately 18 months and the warranty period and the warranty period is 60 months, totaling 74 is 24 months, totaling 42 months. months.

From the date of signing of the contract to the end of the project warranty period, of which, the project execution cycle is approximately 29 months and the warranty period is 60 months, totaling 89 months.

12 Project Five Project Six Project Seven Project Eight

5. Conditions for The contract shall become The contract shall become The contract shall become The contract shall become the contract effective after both effective after both effective after the legal effective after the legal to take effect parties have affixed parties have affixed their representatives of both representatives of both their seals and the legal signatures and seals and parties or their authorized contracted parties or representatives of both submitted the performance agents have affixed their their authorized agents parties or their authorized guarantee letter. signatures and company have affixed their representatives have seals respectively on signatures and company affixed their signatures the contract and the seals respectively on and official seals. purchaser has received the contract and the the performance deposit developer has received submitted by the vendor. the performance deposit submitted by the The contract shall become contractor. effective after the legal representatives of both parties or their authorized agents have affixed their signatures and company seals respectively on the contract and the purchaser has received the performance deposit submitted by the vendor. 6. Contract signing place Tianshui Shanghai Harbin Kunming

III. IMPACT ON THE COMPANY

1. The total tender amount for the above projects is approximately RMB3,873 million, accounting for approximately 9.30% of the Company’s audited operating income in 2019 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 results for the current period and 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 tender parties, and the bid- winning of the above projects does not affect the independence of the Company’s business.

13 IV. POTENTIAL 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 tender parties 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* Chairman ZHOU Zhiliang

Beijing, the PRC 19 January 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, and the independent non-executive directors of the Company are Mr. WANG Jiajie, Mr. CHEN Jin’en, Mr. CHAN Ka Keung Peter and Mr. YAO Guiqing.

* For identification purpose only.

14