China Railway Construction : OVERSEAS REGULATORY ANNOUNCEMENT - ANNOUNCEMENT ON BID-WINNING OF A MAJOR PROJECT

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OVERSEAS REGULATORY ANNOUNCEMENT

This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The following sets out the "Announcement on Bid-winning of a Major Project of China Railway Construction Corporation Limited" published by China Railway Construction Corporation Limited (the "Company") on the website of the Shanghai Stock Exchange and newspapers in the PRC on 6 February 2020, for your reference only.

By order of the Board of Directors

China Railway Construction Corporation Limited

CHEN Fenjian

Chairman

Beijing, the PRC

6 February 2020

As at the date of this announcement, the Board comprises Mr. CHEN Fenjian (Chairman and Executive Director), Mr. ZHUANG Shangbiao (President and Executive Director), Mr. CHEN Dayang (Executive Director), Mr. LIU Ruchen (Executive Director), Mr. GE Fuxing (Non-executive Director), Mr. WANG Huacheng (Independent Non- executive Director), Mr. Patrick SUN (Independent Non-executive Director), Mr. CHENG Wen (Independent Non-executive Director) and Ms. Amanda Xiao Qiang LU (Independent Non-executive Director).

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Stock Code: 601186

Stock Short Name: CRCC Announcement No.: Lin 2020-015

CHINA RAILWAY CONSTRUCTION CORPORATION LIMITED ANNOUNCEMENT ON BID-WINNING OF A MAJOR PROJECT

The board of directors of the Company and all directors warrant that there are no false representations or misleading statements contained in, or material omissions from this announcement, and severally and jointly accept responsibilities for the truthfulness, accuracy and completeness of this announcement.

Recently, a consortium comprising a subsidiary of the Company as a member, China Railway 14th Bureau Group Co., Ltd., won the bid for the Fenghuangling Industry-City Integration Project in Hedong District, Linyi City. The project adopts the model of "social investor + EPC", which is implemented in stages and developed on a rolling basis. The total investment of the project amounted to RMB15.5 billion with a tentative cooperation term of 10 years.

The project capital accounts for 20% of the total investment. The registered capital of the project company amounted to RMB100 million, which is contributed by Linyi Zhendong Construction Investment Co., Ltd.（臨 沂 振 東 建 設 投 資 有 限 公 司）and the bid winning investor at the shareholding ratio of 51%: 49%. Other funds apart from the project capital are raised through loans and other methods.

The bidding for the project was considered and approved at the 31st meeting of the fourth session of the board of directors of the Company.

Announcement is hereby given.

The Board of Directors of

China Railway Construction Corporation Limited

6 February 2020

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