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, for your reference only.

By order of the Board of Directors

China Railway Construction Corporation Limited

CHEN Fenjian

Chairman

Beijing, the PRC

8 October 2019

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 2019-070

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 the subsidiaries of the Company, including China Railway Construction Investment Group Co., Ltd., won the bid for the rebuilding project of shanty town areas in Xigu District of Lanzhou City. The project will be operated under the "Investment and Finance + EPC" model, while the total project investment will be approximately RMB6.75 billion. The construction period will be 4 years.

The project capital accounts for 20% of the total project investment, i.e., approximately RMB1.35 billion, and the registered capital amounts to RMB100 million, tentatively. The contributions from Lanzhou Xigu District Urban and Rural Development Investment Co., Ltd. ( 蘭 州 市 西 固 區 城 鄉 發 展 投 資 有 限 公 司) and the subsidiaries of the Company are at a proportion of 2%:98%. The funds other than the project capital will be raised by the project company, as the financing entity, through bank loans.

The bidding for the above project was considered and approved at the 25th 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

8 October 2019

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