China Railway (00390) issued an announcement that, up to RMB 60 billion of corporate bonds, have been approved and registered for public offering to professional investors by the Shanghai Stock Exchange and the China Securities Regulatory Commission (CSRC) under document [2023]1327. In 2024, China Railway Limited issued technology innovation corporate bonds (second phase) to professional investors in a public offering, with a scale of no more than RMB 3 billion (including RMB 3 billion) and an issue price of RMB 100 per bond. The first bond term of this issue is 5 years, while the second is 10 years. A mechanism for inter-variety callback selection is set up, and the callback proportion is not limited.

The bond issuance of this period was completed on June 11, 2024. The final issue size of the first bond type is RMB 2 billion, with a face value interest rate of 2.33% and a subscription multiple of 4.13 times; the final issue size of the second bond type is RMB 1 billion, with a face value interest rate of 2.60% and a subscription multiple of 4.76 times.

Directors, supervisors, senior management personnel, shareholders owning more than 5% of the shares, and other related parties of the issuer did not participate in the bond subscription of this period. The underwriting institutions, Citic Securities Co., Ltd., Citic Securities Co., Ltd., Guotai Junan Securities Co., Ltd., China International Capital Corporation Limited and their affiliates subscribed a total of RMB 1.54 billion of this bond issuance. The above quotation and program comply with relevant laws and regulations.