China Railway Group Limited reported the latest progress of its A-share repurchase programme, confirming that as of 31 March 2026 it has bought back 28.81 million shares through centralized bidding on the Shanghai Stock Exchange. The repurchased volume represents 0.12% of the company’s total share capital and was acquired at prices ranging from RMB5.42 to RMB5.75 per share, with a cumulative outlay of RMB160.02 million.

The initiative forms part of the share repurchase plan first disclosed on 30 April 2025 and approved at the 2024 annual general meeting and class meetings on 20 June 2025. Key parameters remain unchanged:

• Repurchase window: 20 June 2025 to 19 June 2026 • Funding range: RMB800 million to RMB1.60 billion, sourced from internal funds and dedicated share-repurchase loans • Maximum repurchase price: RMB8.50 per share • Purpose: cancellation of the repurchased shares to reduce registered capital

China Railway stated that all transactions to date comply with regulatory requirements and the approved mandate. The board will continue to execute the programme within the specified limits and disclose subsequent developments in accordance with Shanghai Stock Exchange rules.