China Railway : Announcement of China Railway Group Limited on Winning of Bid for a Material Project

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

CHINA 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 Bid for a Material Project" published by China Railway Group Limited on the Shanghai Stock Exchange website on 4 November 2019 for your information.

By Order of the Board

China Railway Group Limited

Zhang Zongyan

Chairman

4 November 2019

As at the date of this announcement, the executive directors of the Company are ZHANG Zongyan (Chairman), CHEN Yun 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 2019-076

Announcement of China Railway Group Limited on

Winning of Bid for a Material Project

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 liability for the truthfulness, accuracy and completeness of the contents.

Recently, the consortium comprising the Company and some of its wholly-owned subsidiaries won the bid of the general contracting project of Phase III of Chengdu Subway Line 10 and Phase I of Chengdu Subway Line 13. Summary of the project: Phase III of Chengdu Subway Line 10 begins at the People's Park Station in the north and the terminal is Taipingyuan Station. The total length of the line is 5.8 kilometres. The Line has five stations in total, all of which are underground and four of which are transfer stations; Phase I of Chengdu Subway Line 13 (Qiligou Station - Longhua Temple Station) is 29.07 kilometres in length. The Line has 21 stations in total, all of which are underground. Construction period of the project: the construction period of Phase III of Chengdu Subway Line 10 is 1,635 calendar days; and the construction period of Phase I of Chengdu Subway Line 13 is 1,767 calendar days. The contractual amount of the project is about RMB21.25 billion, approximately accounting for 2.88% of the 2018 operating revenue of the Company under the PRC accounting standards.

The Board of Directors of

China Railway Group Limited

5 November 2019

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