News summary

China Railway Construction strengthens investor relations managementgarcade, protect rights and interests and enhance company value. In 2023, the proportion of cash dividends will increase, and a total of 33.1 billion yuan will be paid in cash dividends to ensure the continuous stability of the dividend policy.

Newsletter text

[China Railway Group emphasized investor protection and company value improvement at its May 19 event] On May 15, the 6th May 19 Small and Medium-sized Investor Protection Publicity Week press conference was held in Beijing, focusing on "gathering new synergy in investment and education and promoting the protection of investors" theme. Jing Jing, Secretary General of China Railway Construction Corporation, attended and shared the company's practices in investor relations management, rights protection and value enhancement. Jing Jing revealed that China Railway Construction has incorporated "creating value for investors and realizing shared development" into the "14th Five-Year Plan" and established a special leading group, with the chairman personally overseeing the management and protection of investor relations. In terms of institutional construction, the company has clearly written the requirements for protecting shareholders 'rights and interests into the institutional system. Since the beginning of this year, China Railway Construction has accelerated reforms, launched more than 20 key tasks, and adopted a series of measures to improve quality and efficiency to create value for shareholders. Including holding medium-and long-term strategic seminars, accelerating the cultivation of new quality productivity, improving modern enterprise systems, establishing a full-coverage assessment mechanism, strengthening high-quality operations and refined management, and implementing overseas incentive measures. In terms of investor relations management and protection, the company has strengthened information disclosure, actively responded to investors 'concerns on long-term projects, and followed up and disclosed project progress. During the spin-off and issuance of public offering REITs, 7 progress announcements were issued in succession. The annual report has added a "quick performance overview" to provide a detailed format to facilitate investors to quickly understand core data. China Railway Construction also actively implements new development concepts and proactively discloses ESG information. The board of directors integrates ESG into development strategies, major decisions and production operations, and establishes a target management mechanism. Since 2016, the company has continued to disclose ESG reports and compile social responsibility reports every year to show its work in corporate governance, reform and innovation, green ecology, rural revitalization, overseas responsibilities, etc. The company attaches great importance to investor returns, and the cash dividend ratio in 2023 will increase by 4% compared with the previous year.garcade27 percentage points, and a total of 33.1 billion yuan in cash dividends have been distributed since listing. Formulate the "Shareholder Return Plan for the Next Three Years" to ensure the continuity and stability of the cash dividend policy. Controlling shareholders have demonstrated their confidence in the company's future development and stabilized market expectations by increasing their A-share shares and extending the lock-up period for restricted shares. Jing Jing emphasized that respecting, rewarding and protecting investors are the key to mutual understanding and trust between listed companies and investors and jointly promoting the healthy development of the capital market. [China Railway Group emphasized investor protection and company value improvement in May 19]