About China Railway Group

China Railway Group Limited operates as a multi-functional integrated construction group in the People‘s Republic of China (PRC). The company offers a range of construction-related services, including infrastructure construction, survey, design and consulting services and engineering equipment and component manufacturing. It also has activities in the design and construction of bridges, tunnels and electrified railways, as well as the design and manufacturing of bridge steel structures and turnouts in the PRC. The company’s subsidiaries include China Railway International, China Railway Science & Industry Group Corp., China Railway Resources Development Limited and China Railway South Investment & Development Co., Ltd. Segments The company is organized into the following business segments: Infrastructure construction: This segment engages in the construction of railways, highways, bridges, tunnels, metropolitan railways (including subways and light railways), buildings, irrigation works, hydroelectricity projects, ports, docks, airports and other municipal works (Infrastructure construction). Survey, design and consulting services: This segment engages in the survey, design, consulting, research and development, feasibility study and compliance certification services with respect to infrastructure construction projects. Engineering equipment and component manufacturing: This segment engages in the design, research and development, manufacture and sale of turnouts and other railway related equipment and materials, steel structures and engineering machinery. Property development: This segment engages in the development, sale and management of residential and commercial properties. Other businesses: The company’s other businesses include railway and road investment and operation projects, mining, raw material trading, and other ancillary businesses. Customers The company’s major customer, as of December 31, 2008, was the Ministry of Railways of the PRC.