China Railway Group announces 2025 interim cash dividend

China Railway Group Limited announced the implementation of its 2025 semi-annual equity distribution, with a cash dividend of 0.082 yuan per A-share (tax included). The dividend distribution was approved by the company's sixth board of directors at its sixteenth meeting on October 30, 2025, under authorization from the 2024 annual general meeting on June 20, 2025. The record date for A-shares is December 22, 2025, with the ex-dividend date and cash dividend payment on December 23, 2025.

The distribution features a differentiated dividend scheme, where a total of 2,023,409,075.18 yuan (tax included) will be distributed. This calculation is based on an eligible share capital of 24,675,720,429 shares, after excluding 10,501,500 shares in the company's buyback special account and 63,700 restricted shares pending cancellation from the 2021 Restricted Stock Incentive Plan.

The legal opinion from JunHe LLP confirmed that the differentiated dividend distribution complies with relevant Chinese laws and regulations, including the Company Law and Securities Law. The firm also stated that the impact of the ex-dividend reference price on the company's stock is less than 1%, ensuring no detriment to the company or its shareholders.