Core Viewpoint - China Railway (00390.HK) announced that it will hold a board meeting on October 30, 2025, to approve the quarterly performance for the nine months ending September 30, 2025, and to consider the distribution of an interim dividend [1] Summary by Categories - **Company Announcement** - The board meeting is scheduled for October 30, 2025 [1] - The meeting will focus on approving the quarterly results for the nine months ending September 30, 2025 [1] - The board will also consider the distribution of an interim dividend [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 董事會會議召開日期 中國中鐵股份有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零二五年十月 三十日（星期四）舉行董事會會議，藉以（其中包括）批准宣佈本公司及其附屬公司截至二 零二五年九月三十日止九個月的季度業績及考慮派發中期股息。 承董事會命 中國中鐵股份有限公司 陳文健 董事長 中國•北京 2025年10月17日 於本公告日期，本公司的執行董事為陳文健先生（董事長）及王士奇先生；本公司的非執 行董事為文利民先生及房小兵先生；本公司的獨立非執行董事為修龍先生、孫力實女士 及屠海鳴先生。 ...

Core Insights - The meeting between China Railway and the Land Transport Authority of Singapore focused on deepening strategic cooperation and advancing key projects, with a consensus on enhancing digital and intelligent applications in transportation systems [1][3]. Group 1: Strategic Cooperation - China Railway expressed its willingness to leverage its full industry chain advantages to expand cooperation in urban rail transit construction, operation maintenance, innovative technology research, and high-end equipment applications [3]. - The Singapore Land Transport Authority acknowledged China Railway's comprehensive strength and professional solutions in infrastructure, expressing hope for deeper involvement in rail infrastructure construction and digital innovation [3]. Group 2: Technological Advancements - During the meeting, China Railway showcased its advanced technologies and system solutions in areas such as intelligent tunnel construction, metro rail engineering, and integrated maintenance of rail transportation systems [3]. - The Singapore delegation visited China Railway's exhibition of intelligent electrification equipment, observing various self-developed smart tools and models, which highlighted the company's achievements in intelligent construction and operations [5].

Sales Performance - In the first nine months of 2025, the total sales amount of the top 30 real estate companies in Beijing reached 257.34 billion yuan, with China Overseas Land & Investment, Yuexiu Property, and China Resources Land leading the sales at 31.08 billion yuan, 21.25 billion yuan, and 20.53 billion yuan respectively [10] - The total sales area for the top 30 companies was 4.796 million square meters, with China Overseas Land & Investment, China Resources Land, and Shoukai Co., Ltd. achieving sales areas of 430,000 square meters, 340,000 square meters, and 333,000 square meters respectively [10] Policy Changes - The annual adjustment policy for Beijing's housing provident fund has been implemented, maintaining a contribution rate between 5% and 12%, with the upper limit for monthly contributions adjusted to 35,811 yuan and the lower limit to 2,540 yuan [10] Market Activity - In September, Beijing recorded 3,556 new housing contracts, showing a month-on-month increase of 9.9% and a year-on-year increase of 13.4%. The second-hand housing market saw 15,829 contracts, with month-on-month and year-on-year increases of 24.8% and 18.7% respectively [10] - The top-selling project in September was the Zhongjian Yunhe Jiuyuan, which achieved a sales amount of 3.568 billion yuan and a sales area of 58,000 square meters, topping both the sales amount and area rankings [10] Land Market - In September, four residential land plots were successfully auctioned in Beijing, with the Chaoyang District Sun Palace plot sold at a premium rate of 39.18%. The plot attracted nine bidders and was ultimately won by China Construction Intelligence with a total price of 4.3145 billion yuan and a floor price of 85,331 yuan per square meter [11]

Core Points - China Railway Group Limited (00390) announced the issuance of its corporate bonds (second phase) with a total amount of 3.5 billion yuan [1] - The bonds, referred to as "10 China Railway G4," have a maturity period of 15 years and a coupon rate of 4.50% [1] - The final annual interest payment and principal repayment will occur on October 20, 2025, covering the period from October 19, 2024, to October 18, 2025 [1] Summary by Category - **Bond Details** - Issuance total: 3.5 billion yuan [1] - Maturity period: 15 years [1] - Coupon rate: 4.50% [1] - Principal per bond: 1,000.00 yuan [1] - Interest payment per bond: 45.00 yuan (including tax) [1] - **Payment Schedule** - Final interest and principal payment date: October 20, 2025 [1] - Interest period covered: October 19, 2024, to October 18, 2025 [1]

Core Viewpoint - China Railway Group Limited (00390.HK) announced the payment details for its 2010 corporate bonds, indicating a stable interest rate and repayment schedule [1] Group 1 - The bond in question is the second phase of the 2010 corporate bonds, with a maturity period of 15 years [1] - The bond, referred to as "10中铁G4" with the code 122055, will pay the final annual interest and principal on October 20, 2025 [1] - The coupon rate for this bond is set at 4.50%, with a principal repayment of 1,000.00 yuan per bond and an interest payment of 45.00 yuan (tax included) [1]

Core Viewpoint - China Railway Group Limited (601390) announced the issuance of its corporate bonds, which will pay the final annual interest and principal on October 20, 2025 [1] Summary by Relevant Sections - **Bond Details** - The bond is referred to as "10 Zhongtie G4" with a code of 122055 [1] - The total issuance amount is 3.5 billion yuan [1] - The bond has a maturity period of 15 years [1] - The coupon rate is set at 4.50%, with each bond having a face value of 1,000.00 yuan and an interest payment of 45.00 yuan (tax included) [1] - The bond will be delisted on October 20, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國中鐵股份有限公司於2025年10月9日在上海證券交易所網站刊登的「2010年中 國中鐵股份有限公司公司債券（第二期）（15年期品種）2025年本息䫕付及摘牌公告」，僅供 參閱。 承董事會命 中國中鐵股份有限公司 陳文健 董事長 2025年10月9日 於本公告日期，本公司的執行董事為陳文健先生（董事長）及王士奇先生；本公司的非執 行董事為文利民先生及房小兵先生；本公司的獨立非執行董事為修龍先生、孫力實女士 及屠海鳴先生。 证券代码：601390.SH/0390.HK 证券简称：中国中铁 债券代码：122055 债券简称：10中铁G4 2010年中国中铁股份有限公司公司债券（第二期） （15年期品种）2025年本息兑付及摘牌公告 本公司全体董事或具有同等职责的人员保证本公告内容不存在任何虚 假记载、误导性陈述或者重大遗漏，并对 ...

Market Overview - The Hong Kong stock market indices rebounded after an initial dip, with the Hang Seng Index slightly up by 0.04%, and the Hang Seng China Enterprises Index and Hang Seng Tech Index rising by 0.52% and 0.63% respectively, ending a three-day decline [1] Sector Performance - Large technology stocks showed mixed results, with Kuaishou up by 1.69%, while Meituan, JD.com, and Baidu also saw gains. Alibaba, NetEase, Xiaomi, and Tencent experienced slight declines [1] - Copper prices surged due to supply shortages and a computing power revolution, leading to significant gains in copper mining stocks. China Daye Non-Ferrous Metals soared nearly 20%, Jiangxi Copper rose over 11%, and China Nonferrous Mining increased by 8% [1] - Hong Kong local bank stocks surged, particularly HSBC, which plans to privatize through an agreement, causing Hang Seng Bank's stock to spike by 41%, reaching a historical high [1] - Mining resource stocks and high-speed rail infrastructure stocks saw substantial increases, with China Railway Group rising over 10% [1] - Institutional analysts are focusing on Q4 demand recovery due to low baselines, leading to a collective rebound in airline stocks, with China Eastern Airlines up nearly 10%. Wind power, semiconductor, telecommunications, oil, and property management stocks also saw gains [1] Declines in Specific Sectors - Pharmaceutical stocks fell across the board, with Innovent Biologics, SiHuan Pharmaceutical, and I-Mab leading the decline in innovative drug stocks [1] - The film industry faced a downturn due to poor box office performance during the National Day holiday, resulting in a collective drop in cinema stocks [1] - The automotive sector mostly declined [1]

Group 1 - The Hang Seng Index rose by 0.04%, gaining 11 points to close at 26,840 points, while the Hang Seng Tech Index increased by 0.63% [1] - Shanghai Electric (601727) surged by 15.72%, hitting the upper limit in A-shares, driven by recent positive developments in the controllable nuclear fusion sector [1] - Hua Hong Semiconductor (01347) climbed 6.75%, reaching a new high as local supply chain integration accelerates, with domestic foundry demand expected to expand rapidly [1] - Jiangxi Copper (600362) shares rose by 11%, as the company is a leading copper smelter in China, with First Quantum's copper mine expected to resume production [1] - Luoyang Molybdenum (603993) increased by 8%, following a significant rise in cobalt prices, which surged over 11% in the previous two days due to strict export controls from the Congo [1] Group 2 - Hang Seng Bank (00011) saw a 26% increase, following HSBC's recommendation for its privatization [2] - Solar energy stocks experienced gains, with upstream prices rising more than downstream prices in September; New Special Energy (01799) rose 4.52%, Flat Glass (601865) increased by 7.67%, and GCL-Poly Energy (03800) gained 3.73% [2] - High-speed rail infrastructure stocks led the gains, with record railway investment progress; China Railway (601390) rose 9%, China Metallurgical Group (601618) increased by 6%, and CRRC Corporation (601766) gained 4.17% [2] - ZTE Corporation (00763) saw both A and H shares rise, with the launch of Co-Sight super intelligent system indicating positive growth potential in the enterprise AI market; H shares increased by 10.73% [2] Group 3 - Mixue Group (02097) rose 8.96% despite market trends, as it made a forward-looking investment in fresh beer brand Fulu, expanding its "tea + coffee + fresh beer" portfolio [3] - The Hang Seng Biotechnology Index fell by 3.52%, with notable declines in stocks such as Innovent Biologics (09969) down over 9%, I-Mab (01801) down over 6%, and China Biologic Products (01177) down over 6% [3] Group 4 - Smoore International (06969) dropped over 9%, having fallen more than 30% from its year-to-date high, with UBS projecting lower earnings than market consensus [4]