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 8 December 2020 for your information.

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

8 December 2020

As at the date of this announcement, the executive directors of the Company are ZHANG Zongyan (Chairman), CHEN Yun and WANG Shiqi; the independent non-executive directors are GUO Peizhang, WEN Baoman, ZHENG Qingzhi and CHUNG Shui Ming Timpson.

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 2020-071

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 Bidding Projects of the Project No. the Bid Company Duration

Railway Projects

China Railway Engineering Group Co., Ltd., China Railway No. 3 Engineering Group Co., Ltd., China Railway Sections GZZQ-3, GZZQ-5, GZZQ-6, Engineering Group GZZQ-7, GZZQ-8 and GZZQ-10 of the EPC 1451 calendar 1 Co., Ltd., China contract of the civil engineering and relating 1,435,427 days Railway No. 10 construction of the new Guangzhou - Engineering Group Zhanjiang High-Speed Railway Co., Ltd., China Railway No. 7 Engineering Group Co., Ltd., China Railway No. 2 Engineering Group Co., Ltd. China Railway Major Sections CZSCZQ-1 and CZSCZQ-2 of the 2 701,663 - Bridge Engineering “two tunnels and one bridge” and Group Co.,Ltd., construction power supply projects for Ya’an China Railway to Linzhi section of the construction of the Tunnel Group Co., new Sichuan – Tibet Railway Ltd. China Railway No. 9 Section HBNZQSG-1 of the EPC contract of Engineering Group the civil engineering and relating construction 3 135,683 33 months Co., Ltd. and other of Nanchong to Bazhong section of the new parties Hanzhong - Bazhong - Nanchong Railway China Railway Electrification Section HJHC-2 of the construction of the 244 calendar 4 64,308 Engineering Group freight yard of Haolebaoji to Ji'an Railway days Co., Ltd. China Railway No. 1 Section WLTLSG-2 of the EPC contract of 5 Engineering Group the civil engineering of the new Weifang – 57,744 - Co., Ltd. Laixi

Highway Projects

EPC contract for the design and construction China Railway No. of the Longxun to Jiucai Haizi Highway for 6 10 Engineering 51,609 24 months the living environment improvement project Group Co., Ltd. in Zhaoyang , Zhaotong City

Municipal and Other Projects China Railway, China Railway No. 1 Engineering Group Co., Ltd., China Railway Beijing EPC contract for the design and construction Engineering Group of the resettlement project for 29 villages and 1007 calendar 7 Co., Ltd., Shanghai 548,494 streets in Langfang Airport Economic Zone days Civil Engineering (Guangyang Area) Co., Ltd. of CREC, China Railway Engineering Consulting Group Co., Ltd. China Railway Development & Investment Group

Co., Ltd., China EPC contract for the construction of Lincang 8 Railway Eryuan 428,568 36 months Vocational School (general contracting of Engineering Group survey, design and construction) Co. Ltd., China Railway No. 9 Engineering Group Co., Ltd. and other parties East of Dongtai Avenue (Section 2) project China Railway Major for the EPC project of Jiangxi Province Bridge Engineering 9 Jiuzhou Elevated Expressway east extension 257,679 36 months Group Co., Ltd. and project (Hongdu Avenue ~ Tianxiang other parties Avenue) China Railway No. 6 EPC contract for civil engineering Engineering Group construction - Section 4 for the south 1826 calendar 10 178,108 Co., Ltd. and other extension line of Hefei Urban Rail Transit days parties Line 4 and Phase 1 of Line 6 Jingdong Avenue commercial and residential China Railway No. 4 development (Wangtao Homeland) project in Engineering Group Jingdezhen City - EPC contract for the 11 130,034 18 months Co., Ltd. and other design, procurement and construction of parties Area A project

China Railway No. 1 Civil engineering construction of to 814 calendar 12 Engineering Group Jiangyin intercity rail transit project (Section 127,049 days Co., Ltd. 1) China Railway No. 4 Construction of Phase VI project (Section 1) 900 calendar 13 Engineering Group of Xiangzhangyuan in Huainan High-tech 120,877 days Co., Ltd. Industrial Development Zone EPC contract for Chagan Lake closure and China Railway No. 1 smart management system engineering 14 Engineering Group construction project, Chagan Lake Qijiapao 119,554 — Co., Ltd. Wetland construction project, Chagan Lake Yeyawan Wetland project One-time bid invitation project for the engineering management, design, China Railway Major procurement and construction of 28 Bridge Engineering municipal projects including Rongjiang 7th 15 117,926 — Group Co., Ltd. and Road (Gannan Avenue to Hexie Avenue) in other parties Rongjiang New District, and 4 housing construction projects including Tandong No. 2 Primary School, etc. China Railway Overall EPC section for the survey and Engineering 16 design of to Huizhou Intercity 117,528 — Consulting Group Railway Co., Ltd. Construction of Group B, Commercial Center China Railway No. 4 and West Branch Road of 750 calendar 17 Engineering Group 108,517 Chengxiqiaojiayuan in Hefei High-tech days Co., Ltd. Industrial Development Zone China Railway No. 1 Engineering Group Co., Ltd., China 900 calendar 18 Railway Engineering Huangshi City Development Dongfang 100,242 days Consulting Group Lanting (EPC) project Co., Ltd.

Urban village reconstruction and China Railway No. 5 resettlement house project in shanty towns in 1095 calendar 19 Engineering Group 99,686 Zhuchang Area, Guanshanhu District, days Co., Ltd. China Railway No. Wendeng Liqun North Project, Weihai City, 20 10 Engineering 95,000 30 months Shandong Province Group Co., Ltd. Section 2 of construction of Jinzhai Road, China Railway No. 4 Hezuohua Road, Susong Road, Ningguo 540 calendar 21 Engineering Group 81,437 Road nodes of 2nd Ring Road (southwest ring days Co., Ltd. road), Hefei City The fishery cargo distribution and berthing wharf project, mountain blasting and land China Railway formation project, fisheries science and Guangzhou research base, fisheries biotechnology base 22 80,522 - Engineering Group and fisheries training center under the Co., Ltd. Donghan national marine ranch demonstration zone construction project, Fuqing City, Fujian Province Railway Procurement and installation of power supply 547 calendar 23 Electrification Bureau system for Shaoxing Urban Rail Transit Line 80,009 days Group Co., Ltd. 1 China Railway No. 4 Shenzhen municipal project of the south 24 Engineering Group extension line of Ruyi Road connecting the 78,829 852 days Co., Ltd. eastern crossing to Hong Kong China Railway No. 1 Section III of Jingjiang Car Park of Hangzhou 497 calendar 25 Engineering Group 68,910 Airport Rail Express project days Co., Ltd. China Railway EPC contract for construction of Section Construction 26 KCZX-SG of Railway Science and 67,376 13 months Engineering Group Technology Innovation Center Project Co., Ltd. China Railway Phase Five of Baihua Xinyuan relocation and Beijing Engineering 750 calendar 27 resettlement project of Wushan Town, 62,715 Group Co., Ltd. and days Changfeng County, Hefei City other parties 28 China Railway Power supply project (construction) for 58,712 821 calendar Electrification Phase 1 of Rail Transit Line 4 days Engineering Group Co., Ltd. China Railway No. 1 EPC contract for system installation and 426 calendar 29 Engineering Group construction of the western section of Phase 57,773 days Co., Ltd. 1 of Rail Transit Line 6 China Railway No. 3 Construction of Nandujiang Road Project 540 calendar 30 Engineering Group (the section from Qiongshan Road to Haiwen 54,175 days Co., Ltd. Express), Haikou City China Railway No. 7 Construction of Nanda Main Line (Zhongsan 365 calendar 31 Engineering Group Road to Dongxin Express) Project (the 53,642 days Co., Ltd. section involving railway), Guangzhou City EPC contract for the construction of the China Railway No. 4 second layer slab on the XDG-2019-54# and 32 Engineering Group 51,000 600 days XDG-2019-55# plots of the Juqu Road Co., Ltd. Depot, Wuxi

2. Overseas Material Project

Bid Amount RMB Contractual Serial Company Winning Bidding Project of the Equivalent Project No. the Bid Company (10,000) Duration China Railway Group Limited, Yuen Long Effluent Polishing HKD 2190 1 China Railway No. 1 Plant, Hong Kong - Main Works 3,964.21 342,628 calendar Engineering Group for Stage 1 million days Co., Ltd. The above bids amounted to approximately RMB61,334.24 million in aggregate, representing approximately 7.23% 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 9 December 2020