On 25 November 2025, China Railway Group Limited announced a repurchase and cancellation of 54,723,290 restricted A shares on 24 November 2025. The canceled shares amounted to 0.267% of the company’s previously issued share capital. The restricted shares originated from the 2021 Restricted Share Incentive Scheme.

The repurchase was executed by private arrangement, with prices ranging between RMB 2.766 and RMB 3.092 per share. The total amount paid for the repurchase reached approximately RMB 152.66 million. Following this transaction, the company’s closing balance of issued shares decreased from 20,533,618,919 to 20,478,895,629. The repurchase price indicated for cancellation purposes was RMB 2.79 per share, aligning with the company’s disclosure.

All procedural formalities, including authorization by the board of directors and compliance with relevant rules and regulations, are noted to have been observed according to the announcement. Prior to the share cancellation, all funds due for the purchase were received, and there were no undisclosed or outstanding conditions. The shares were canceled on the same day, reducing the total issued share capital to the new balance of 20,478,895,629 shares.