二、本次回购注销完成后的股本结构变动情况 公司本次回购注销限制性股票后，公司总股本将由 24,741,008,919 股变更为 24,686,285,629 股。公司股本结构变动情况如下： | 股份类型 | 本次变动前（股） | | 本次变动（股） | 本次变动后（股） | | | --- | --- | --- | --- | --- | --- | | | 股份数量 | 比例 | （＋/-） | 股份数量 | 比例 | | 有限售条件股份 | 58,760,978 | 0.24% | -54,723,290 | 4,037,688 | 0.02% | | 无限售条件股份 | 24,682,247,941 | 99.76% | 0 | 24,682,247,941 | 99.98% | | 股份总数 | 24,741,008,919 | 100% | -54,723,290 | 24,686,285,629 | 100% | 特此公告。 | H | A | | --- | --- | | 股代码：00390 | 股代码：601390 | | 股简称：中国中铁 H | 股简称：中国中铁 公告编号：临 A 20 ...

Core Viewpoint - The investigation into the "12·4" major collapse accident of the Shenzhen-Jiangmen Railway revealed that the accident was caused by violations in construction practices and inadequate emergency response measures, leading to significant casualties and economic losses [2][3]. Group 1: Accident Details - The collapse occurred on December 4, 2024, resulting in 13 fatalities and direct economic losses of approximately 72.61 million yuan [2]. - The direct cause of the accident was identified as the failure to halt excavation when encountering a high-risk geological area, leading to a partial collapse of the tunnel face [2][3]. Group 2: Responsibility and Management Issues - The investigation found that multiple parties, including China Railway Fourth Engineering Group Co., Ltd. (中铁四局), Xiamen-Shenzhen Railway Guangdong Co., Ltd. (厦深公司), and others, failed in their management and risk control responsibilities [3][4]. - The supervising unit, Guangzhou Supervision Station, and the industry regulatory body, Guangzhou Railway Supervision Administration, were also found lacking in their oversight duties [3][4]. Group 3: Lessons Learned and Recommendations - Six major lessons were identified, including failures in risk prevention, monitoring, and emergency response systems, as well as the dangers of proceeding with construction before design changes [5]. - Six recommendations were proposed to improve safety, including enhancing risk prevention measures, strengthening construction safety protocols, and improving emergency response capabilities [5].

Core Insights - The Guangdong provincial government approved the investigation report on the major collapse incident at the Shenzhen-Jiangmen Railway, which occurred on December 4, 2024, resulting in 13 fatalities and direct economic losses of approximately 72.61 million yuan [1][2] Group 1: Incident Overview - The collapse was caused by non-compliant construction practices by the participating units, leading to a partial collapse of the tunnel face and subsequent ground subsidence [1] - The investigation identified that the surrounding rock stability changed from level III to level IV, which was not addressed by halting excavation or modifying support methods [1][2] Group 2: Responsibility and Accountability - Multiple entities were found responsible for the incident, including China Railway Fourth Engineering Group, Xiamen-Shenzhen Railway Guangdong Co., and others, with recommendations for administrative penalties and written accountability checks [2][3] - The investigation revealed deficiencies in management, risk control, emergency response, and supervision across the involved organizations [2][3] Group 3: Lessons Learned and Recommendations - Six major lessons were identified, including failures in risk prevention, monitoring, and emergency response systems, as well as inadequate management practices [4] - Six recommendations were proposed to enhance safety, including improving risk prevention measures, strengthening construction safety protocols, and enhancing emergency response capabilities [4]

Core Viewpoint - China Railway Industry announced that its controlling shareholder, China Railway Group Limited, has increased its stake in the company by acquiring 9,814,201 shares, representing approximately 0.44% of the total share capital, with a total transaction amount of RMB 80.0952 million. The shareholder plans to continue purchasing shares during the implementation period of the buyback plan [1]. Summary by Categories Shareholder Activity - China Railway Group Limited has cumulatively increased its shareholding in China Railway Industry by 9,814,201 shares [1]. - This acquisition accounts for about 0.44% of the total share capital of the company [1]. - The total amount spent on this share purchase is RMB 80.0952 million [1]. Future Plans - China Railway Group Limited intends to continue increasing its stake in China Railway Industry according to the relevant buyback plan [1].

Group 1: Economic Partnership and Trade Agreements - China is actively signing economic partnership agreements to implement 100% zero-tariff measures on products for 53 African countries, with the Republic of Congo being the first beneficiary [1] - China has maintained its position as Africa's largest trading partner for 16 consecutive years, with trade volume expected to reach 2.1 trillion yuan in 2024, setting a new historical record [1] Group 2: Agricultural Trade Growth - The bilateral trade structure between China and Africa is diversifying, with African agricultural products becoming a significant highlight, as imports of agricultural products from Africa to China are projected to exceed 70 billion yuan in 2024 [2] - In the first five months of this year, China imported 15.83 billion yuan worth of agricultural products from Africa, with notable increases in coffee (145.7%), cocoa beans (88.6%), and frozen strawberries (82%) [2] Group 3: Investment and Infrastructure Development - In 2024, China's direct investment in Africa is expected to reach 3.37 billion USD, primarily concentrated in construction, mining, and manufacturing sectors [6] - Chinese enterprises have participated in the construction and renovation of over 10,000 kilometers of railways and nearly 100,000 kilometers of roads across Africa, significantly enhancing regional connectivity [9][10] Group 4: Clean Energy Initiatives - China plays a crucial role in Africa's energy transition, focusing on solar power projects that leverage Africa's abundant solar resources [7] - A solar energy storage project in Côte d'Ivoire, with an investment exceeding 50 million euros, aims to provide stable electricity to 30,000 households and reduce the electricity abandonment rate from 35% to below 5% [8] Group 5: Agricultural Cooperation and Food Security - Chinese agricultural technology has been instrumental in promoting rice cultivation in Guinea-Bissau, increasing the rice planting area from 60,000 hectares to 100,000 hectares [12] - The introduction of hybrid rice varieties has led to significant yield improvements, with some varieties achieving over 10 tons per hectare [12]

（编辑 楚丽君） 证券日报网讯 11月19日晚间，中国中铁发布公告称，中国中铁股份有限公司（以下简称"公司"）2021 年限制性股票激励计划第三个解除限售期所设定的公司层面业绩考核指标条件未达成，根据《中国中铁 股份有限公司2021年限制性股票激励计划（草案）》及相关法律法规的规定，公司决定对678名激励对 象共计持有的54，786，990股已获授但未满足第三个解除限售条件的限制性股票进行回购注销。注销日 期：2025年11月24日。 ...

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。 關於公司2021年限制性股票激勵計劃部份限制性股票的回購註銷實施 茲提述中國中鐵股份有限公司（「本公司」）分別於2021年12月30日臨時股東大會、A股類別 股東會議及於2022年1月12日舉行的H股類別股東會議通過2021年限制性股票激勵計劃 （「《2021年限制性股票激勵計劃》」），日期為2021年12月14日的通函（「通函」），向本公司 《2021年限制性股票激勵計劃》激勵對象首次授予限制性股票於2022年1月17日及2022年2 月24日發出的公告，向本公司《2021年限制性股票激勵計劃》激勵對象授予預留部分限制 性股票於2022年10月28日及2022年12月1日發出的公告，日期為2022年10月30日、2022年 12月27日、2023年12月29日、2024年3月6日、2024年8月30日、2024年10月30日、2024年 12月20日、2025年3月13日及2025年6月9日有關回購註 ...

本公司董事会及全体董事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，并对其内容的真实性、准确性和完整性承担法 律责任。 | H | A | | --- | --- | | 股代码：00390 | 股代码：601390 | | 股简称：中国中铁 H | 股简称：中国中铁 公告编号：临 A 2025-061 | 中国中铁股份有限公司 关于 2021 年限制性股票激励计划部分限制性股票 回购注销实施公告 重要内容提示： | 回购股份数量（股） | 注销股份数量（股） | | 注销日期 | | | --- | --- | --- | --- | --- | | 54,786,990 | 54,786,990 | 2025 | 年 11 月 | 24 日 | 一、本次限制性股票回购注销的决策与信息披露 1 回购注销原因：中国中铁股份有限公司（以下简称"公司"）2021 年限制性股票激励计划第三个解除限售期所设定的公司层面业绩 考核指标条件未达成，根据《中国中铁股份有限公司 2021 年限制 性股票激励计划（草案）》（以下简称《激励计划（草案）》）及相 关法律法规的规定，公司决定对 678 名激励对象共计持 ...

北京市嘉源律师事务所 关于中国中铁股份有限公司 回购注销 2021 年限制性股票激励计划 部分限制性股票实施情况的法律意见书 es Ph 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 二〇二五年十一月 - RYE United Sam IA YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONGKONG·广州 GUANGZHOU·西安 XI'AN 致:中国中铁股份有限公司 北京市嘉源律师事务所 关于中国中铁股份有限公司 回购注销2021年限制性股票激励计划 部分限制性股票实施情况的 法律意见书 嘉源(2025)-05-438 敬启者: 根据《中华人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国 证券法》、中国证券监督管理委员会(以下简称"中国证监会")《上市公司股权 激励管理办法》《中国中铁股份有限公司章程》(以下简称"《公司章程》")以及 《中国中铁股份有限公司2021年限制性股票激励计划(草案)》(以下简称"《激 励计划(草案)》")等有关规定,北京市嘉源律师事务所(以下简称"本所")接 受中国中铁股份有限公司(以 ...

Group 1 - China Railway announced a dividend of HKD 0.0899 per share, with an ex-dividend date of December 1, 2025, and a payment date of December 23, 2025 [1] - Shanghai Pharmaceuticals declared a dividend of CNY 0.1200 per share, with no specified ex-dividend or payment dates [1] - Jacobson Pharmaceutical announced a dividend of HKD 0.0425 per share, with an ex-dividend date of December 1, 2025, and a payment date of December 18, 2025 [1] - Laopuhuang Gold declared a dividend of HKD 10.52 per share, with an ex-dividend date of November 20, 2025, and a payment date of January 15, 2026 [1] Group 2 - The CSI Central State-Owned Enterprises Dividend Index includes 50 stocks with stable dividend levels and high yields, with a one-year dividend yield of 5.67% as of November 18, higher than the 10-year government bond yield of 3.86% [2] - The Hang Seng Mainland Enterprises High Dividend Yield Index has a one-year dividend yield of 5.34% as of November 18, also higher than the 10-year government bond yield of 3.52% [2] - The largest investment vehicle tracking the CSI Central State-Owned Enterprises Dividend Index is the Hong Kong Central State-Owned Enterprises Dividend ETF [2]