China Railway Unit acquires 50% of shares of China Railway Construction Unit

On February 10, China Railway 20th Bureau Group Real Estate Development Co., Ltd. (Hereinafter referred to as "China Railway 20th Bureau Real Estate") transferred 50% shares of Guangzhou Tieyue Real Estate Development Co., Ltd. (Hereinafter referred to as "Guangzhou Tieyue Real Estate"), and China Railway Trust Co., Ltd. (Hereinafter referred to as "China Railway Trust") took over.

Guangzhou Tieyue Real Estate was established on June 8, 2022. Its legal representative is Liu Zhijun. Its registered capital is 20 million yuan. Its business scope includes property management and real estate development and operation. Previously, it was 100% owned by China Railway 20th Bureau Real Estate. China Railway 20th Bureau Real Estate Co., Ltd. was established on January 18, 2002. Its legal representative is Wang Shuangkai. Its registered capital is 100 million yuan. Its business scope includes real estate development, property management and sales of building materials (excluding timber). The company is wholly owned by China Railway 20 Bureau Group Co., Ltd. and China Railway 20 Bureau is wholly owned by China Railway Construction Co., Ltd. China Railway Co., Ltd., the controlling shareholder of

China Railway Trust, is a joint-stock company established by China Railway Engineering Co., Ltd. through overall reorganization and exclusive initiation. It is a multi-functional and super-large central enterprise group integrating survey and design, construction and installation, industrial manufacturing, real estate development, resources and minerals, and financial investment. One of the largest construction contractors, it has entered the world's top 500 enterprises for 12 consecutive years and ranked 55th in the Fortune Global 500 in 2017.

According to the information of the National Industry Informatization Integrated Service Platform in December

last year, 50% of the shares of Guangzhou Tieyue Real Estate Development Co., Ltd. were listed and transferred at a base price of 6.2682 million yuan, and the end date of information disclo sure was December 6, 2022.

According to the review, before the share change, Guangzhou Tieyue Real Estate was 100% owned by China Railway 20th Bureau Real Estate; after the share change, Guangzhou Tieyue Real Estate was 50% and 50% owned by China Railway 20th Bureau Real Estate and China Railway Trust respectively.