Stock code: 688009 Stock abbreviation: China Tong No. Announcement No.: 2023-004

CHINA RAILWAY COMMUNICATION & SIGNAL COMPANY LIMITED

Announcement on Voluntary Disclosure of Bid Winning for Important Projects in Rail Transit Market

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

A total of five important projects were won, of which two were in the railway market, namely, the new Tianjin-Weifang high-speed railway.

Road "three electricity" and pipeline relocation (Hebei section) project JWQG-HB1 bid project, the winning amount of 0.203 billion

Yuan; Guiyang-Guangzhou Railway Quality Improvement Project (Nanning Bureau Section) Construction Total Price Contract GGTZZH-2 Bid

Section project, the winning amount of 0.128 billion yuan. There are three urban rail transit markets, namely Shanghai Rail Transit Market.

The construction project of communication and signal system of the airport contact line project of the domain line, with the winning amount of 0.859 billion yuan; Zhengzhou City

The weak current system installation and construction project of the first phase of rail transit line 8 project, with the winning amount of 0.443 billion yuan; Ningbo City

The bid amount for the signal system procurement project of rail transit line 7 project is 0.405 billion yuan.

Conditions for the entry into force of the contract: the legal representatives of both parties or their authorized agents sign and affix their official seals.

efficiency (and other conditions agreed upon by the parties).

Contract performance period: from the signing date of the contract to the end of the project warranty period (and other provisions agreed by both parties.

piece).

Risk Warning: The above projects have won the bid and have not been signed with the tenderee due to the relevant formalities.

The relevant formal contract, there is uncertainty, because the above projects need to be implemented in phases across the year, for the 2023 current period.

performance impact of uncertainty, so that the majority of investors pay attention to investment risk.

From January to February 2023, China Railway Communication and Signal Co., Ltd. (hereinafter referred to as "the Company") won a total of five important projects in the rail transit market, of which the railway market

Two, respectively, the new Tianjin-Weifang high-speed railway "three electricity" and pipeline relocation (Hebei section) project JWQG-HB1 bid section project, Guiyang-Guangzhou railway quality improvement project (Nanning bureau section) construction total price contract GGTZZH-2 bid section project, they are the communication and signal system construction project of the airport contact line project of the Shanghai Rail Transit City Line, the weak current system installation construction project of the first phase of the Zhengzhou Rail Transit Line 8 project, and the signal system procurement project of the Ningbo Rail Transit Line 7 project. The details of the winning project in this announcement are as follows:

Relevant situation of winning projects in 1. railway market

Project I Project II

Basic Information of 1. Project

1. Project Name: New Tianjin-Weifang High-speed Railway "Three Electricity" and Pipeline Relocation (Hebei Section) Project Guiyang-Guangzhou Railway Quality Improvement Project (Nanning Bureau Pipe Section) Construction Total Price Contract

JWQG-HB1 Bid Section Project GGTZZH-2 Bid Section Project

2. Tenderee

Hebei Jiantou Transportation Investment Co., Ltd. China Railway Nanning Bureau Group Co., Ltd.

3. Winning amount (RMB 100 million) 2.03 1.28

4. Project Overview

The total length of the newly-built Tianjin-Weifang high-speed railway is about 348.9 kilometers, of which the Guiyang-Guangzhou railway (Nanning bureau section) in Hebei province runs from Congjiang (excluding) to Huaiji (no

About 68.39km, design speed 350 km/h, involving "three electricity" and pipeline relocation), with a total length of 410.6 kilometers. This upgrading is mainly to change the operating speed from

Change to 377. 250 km/h to 300 km/h, including standard speed increase, quality improvement, disease rectification

The Company will be responsible for the JWQG-HB1 of the three major parts of the project: communication lines, communication base stations and their governance.

Cable relocation and power line relocation and other work. The company will be responsible for all the communication, signal and other works of the GGTZZH-2 bid section of the project.

Work.

2. proposed contract

To terms

1. Contract amount (RMB 100 million) 2.03 1.28

2. The payment schedule project shall be carried out in accordance with the processes of advance payment, progress payment, completion acceptance payment, quality assurance payment, etc. The project shall be carried out in accordance with the processes of advance payment, progress payment, completion acceptance payment, quality assurance payment, etc.

Payment. Payment.

3. Place of performance in Hebei Province in Guangxi Province

4. Performance period From the contract signing date to the end of the project warranty period, the project implementation period is about 12 from the contract signing date to the end of the project warranty period, of which the project implementation period is about 18.

The warranty period is 24 months, totaling 36 months. The warranty period is 24 months, totaling 42 months.

5. Conditions for the entry into force of the contract After the legal representatives of both parties or their authorized agents sign and affix the official seal, the legal representatives of both parties or their authorized agents sign and affix the official seal.

effect. effect.

6. Place of Contract Signing: Liuzhou City, Shijiazhuang City

Relevant situation of winning projects in 2. urban rail transit market

Item III Item IV Item V

Basic Information of 1. Project

1. Project Name: Shanghai Rail Transit City Line Airport Link Line Project Zhengzhou Rail Transit Line 8 Phase I Project Weak Current System Ningbo Rail Transit Line 7 Project Signal System Mining

Communication, signal system construction project installation construction project purchase project.

2. Tenderee Shanghai Shentie Investment Co., Ltd. Zhengzhou Metro Group Co., Ltd. Ningbo Rail Transit Group Co., Ltd.

3. Winning amount (RMB 100 million) 8.59 4.43 4.05

4. Project Overview The total length of this project line is 68.627 kilometers, the total length of this project line is 51.78 kilometers, and 28 stations are set up. The total length of this project line is 36.469 kilometers, with 25 seats.

There are 9 stations, including 6 underground stations and 3 ground stations. The company will be responsible for the project communication, line network refers to the underground station; the initial stage of the project with 40 trains/240

Seat. Swing center, comprehensive monitoring, public safety technology prevention, vehicles; 1 control center; 1 standby control center;

The company will be responsible for the equipment supply and installation of the communication, signal, information, automatic fare collection and other systems of the project. 1 depot; 1 parking lot; 1 test line, etc.

Equipment integration, procurement, installation and commissioning of access control systems. The company will be responsible for the project fully automatic operation signal

Work. System integration and other work.

The main contract to be signed by the 2.

Terms

1. Contract amount (RMB 100 million) 8.59 4.43 4.05

2. Payment schedule project in accordance with the advance payment, progress payment, completion acceptance, project in accordance with the advance payment, progress payment, warranty period end project in accordance with the advance payment, progress payment, to the purchase price, advance.

Payment is made through processes such as warranty payments. Payment and other processes to pay. Acceptance payment, warranty payment and other processes to pay.

3. Place of performance, Shanghai, Zhengzhou, Ningbo, China

4. Performance period from the signing date of the contract to the end of the project warranty period, including the signing date of the contract to the end of the project warranty period, including the signing date of the contract to the end of the project warranty period, including

The execution cycle is about 42 months, the warranty period is 24 mesh, the execution cycle is about 24 months, the warranty period is 24 mesh, the execution cycle is about 36 months, the warranty period is 24.

A total of 66 months. A total of 48 months. A total of 60 months.

5. The conditions for the entry into force of the contract are signed by the legal representatives of both parties or their authorized agents, and signed by the legal representatives of both parties or their authorized agents.

After the official seal or special contract seal is officially born and stamped with the official seal or special contract seal, it will take effect after the official seal is officially signed and stamped.

effect. Entry into force.

6. Place of Contract Signing, Ningbo City, Zhengzhou City, Shanghai

Impact of 3. on the Company

1. The total amount of the winning bid for the above projects is approximately RMB 2.038 billion, which is approximately 5.31 of the Company's audited operating income in 2021 under the Chinese Accounting Standards. Because the above-mentioned projects are implemented in phases across the year, there is uncertainty about the impact on the current performance in 2023; if the above-mentioned projects are signed and successfully implemented, it is expected to have a more positive impact on the Company during the project implementation period.

2. There is no relationship between the Company and the above-mentioned tenderer, and the winning of the above-mentioned project will not affect the business independence of the Company.

4. possible risks

The above projects have won the bid and been publicized. Due to the relevant procedures involved, the relevant formal contract has not been signed with the tenderee, and there is uncertainty. The final amount of the above-mentioned projects, the terms of performance and other contents are subject to the formal signing of the contract, so that the majority of investors pay attention to investment risks.

It is hereby announced.

Board of Directors of China Railway Communication and Signal Corporation Limited

March 10, 2023