Successful A-share listing of China Railway Group Limited

Let history remember today.
Time: at 9:30 on December 3, 2007
Location: The hall of Shanghai Stock Exchange

China Railway Group Limited successfully floated its A shares on the Shanghai Stock Exchange, with Gong knocked jointly by Wang Yong, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council and Shi Dahua, Chairman of the board of China Railway Group Limited.

In the morning of December 3, it had a clear sky and sun shining in Shanghai, the ceremony of China Railway Group s A-share listing was solemnly held at the Shanghai Stock Exchange. Colorful flags fluttering in front of the gate, the particularly eye-catching slogan of "warmly congratulating the successful A-share listing of China Railway Group limited" held up by huge balloons, four pairs of dancing lions in music, all for the joyful moment.

Honoured guests attending the ceremony are as followed: Wang Yong, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, Jia Xiaoliang , Deputy Secretary of the Reform Bureau, Zhang Ning, Shanghai EAA Secretary of China Securities Regulatory Commission, Zhang Xinwen, Secretary of Beijing Securities Regulatory Bureau , Qian Wei , Executive Director of BOCI, Ren Jin, vice executive Director of BOCI, Henry Cai and Zhao Ju, both managing director of UBSS, Peter Bowie , CEO of Deloitte China, management of China Railway including Shi Dahua, chairman of board, President Li Changjin, Gao Shutang, Bai Zhongren, Li Jiansheng, Ma Li, Zhou Menbo, Duan Xiubin etc.

Shi Dahua, chairman of the board of China Railway Group Limited made a speech at 9:15. He said: It is an exciting day today. With China Railway Group Limited officially landing the A share capital market, we open a new chapter for the company. The A-share issuing and listing is an important milestone in the history of our corporation which indicates that China Railway Group has now entered into China's capital market, and became an important member of China's ever-strengthening capital market.

At this very moment, we sincerely appreciate the careness and support of the government and supervision departments, we also owe our thanks to the trust of all the shareholders and the long-term support of our clients and friends!

For over 50 years, with a leading position in railway construction in China, we took part in all of China's major railway construction, with a total length of over 50,000 km, accounting for more than two thirds of China's current total railway operating mileage. We participated in the construction of over 22,600 kilometer of electrified railways, accounting for 95% of the national total operational mileage At the same time, The company has been involved in the construction of thousands of key projects covering roads, airports, docks, hydroelectricity, metros, high-rise buildings and municipal works.

So far, China Railway has received over 200 national-level awards in areas of engineering, construction, research and design.

Today, China Railway Group Limited is about to be listed on the Shanghai Stock Exchange, which is just like a baptism before a brand-new sailing. Sticking to the goal of maximizing operation profit, enterprise value and our shareholders return, we ll continuously strengthen our advantage of one-stop construction service providing capabilities and share synergies among various business segments in order to become a globally leading comprehensive construction group.

Then, Qian Wei, the Executive Director of BOCI, and Zhao Ju, the Manager Director of UBSS made speeches consecutively. They both expressed sincere congratulations to the successful listing .They said that as an outstanding blue chip, China Railway should be able to create a brighter future and bring generous return for its shareholders.

At 9:25, on behalf of China Railway Group Limited, President Li Changjin signed the Listing agreement with Shanghai Stock Exchange. Shi Dahua, chairman of the board of China Railway Group exchanged souvenirs with Liu Xiaodong, the deputy general manager of Shanghai Stock Exchange.

At 9:30, Wang Yong, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council and Shi Dahua, Chairman of the board of China Railway Group Limited knocked the Gong Jointly. With an opening price of RMB 7.50 yuan, China Railway Group Limited made its bright debut.

Since the year beginning, China Railway Engineering Corporation actively pushed forward the overall reorganization and dual listing work. On September 12, China Railway Group Limited was established. As a large state-owned enterprise, China Railway Group was the first to adopt the first A and then H listing method with the A share offering price of 4.

80 yuan per share with the issuing capital of 4.675 billion shares. The frozen capital of the stock purchase was RMB 3.383 trillion yuan, which rewrote the records China Petroleum has just hit. It s reported that, as at market closing at 15:00 pm, the stock of China Railway had a closing price of RMB 8.

09 yuan, 68.54% higher than the offering price with a premium of RMB 3.29 yuan.