China Railway Group completes share repurchase and cancellation

China Railway Group Limited announced on November 26, 2025, the completion of the repurchase and cancellation of restricted shares under its 2021 incentive plan. On November 24, 2025, the company finalized the cancellation of 54,723,290 restricted shares held by 677 incentive recipients through China Securities Depository and Clearing Corporation Limited Shanghai Branch. This amount represents 0.22% of the company's total share capital prior to the repurchase.

The original decision, announced on November 20, 2025, targeted 54,786,990 restricted shares held by 678 incentive recipients who had not yet met the third lifting condition for release. One remaining incentive recipient, holding 63,700 restricted shares, could not complete the cancellation due to frozen shares; the company plans to process this once the freeze is lifted.

Following this repurchase and cancellation, the company's total share capital has decreased from 24,741,008,919 shares to 24,686,285,629 shares. Limited-sale shares now stand at 4,037,688, representing 0.02% of total shares, while unlimited-sale shares remain at 24,682,247,941, now constituting 99.98% of the total.