On May 12, 2021, China Railway Group Limited (hereinafter referred to as "China Railway Group") spun off the IPO stocks of China Railway High-Speed Electrification Equipment Corporation Limited (hereinafter referred to as "High-Speed Electrification") and made the listing on the Science and Technology Innovation Board to be approved at the 30th meeting of the Science and Technology Innovation Board Listing Committee in 2021.

Kangda, as the special legal adviser of the issuer for the initial public offering of shares and listing project of High-Speed Electrification, has provided professional legal services for High-Speed Electrification throughout the entire process since the start of the project, helping High-Speed Electrification to successfully pass the review of the Listing Committee.

China Railway Group is an H+A listed enterprise (SH.601390, HK.00390). It is an extra-large enterprise group integrating survey and design, construction and installation, industrial manufacturing, real estate development, resources and minerals, financial investment and other businesses. High-Speed Electrification, as a subsidiary of China Railway Group, focuses on R&D, design, manufacturing and sales of electric railway catenary products, urban rail transit power supply equipment and off-track products.

High-Speed Electrification entered the "New Third Board" in September 2018 (stock code: 873023). The company's history can be traced back to 1958 at the earliest. It was found with the construction of Baoji-Fengzhou Section of Baoji-Chengdu Railway, the first electric railway in China. At present, it is an R&D and production enterprise of electric railway catenary products and urban rail transit power supply equipment with early construction, large scale, advanced technology, complete varieties and wide market coverage in the same industry in China. It is a leading enterprise in the field of electric railway and urban rail transit power supply equipment in China. Some products have filled in gaps in the localization of key parts of rail transit power supply system in China, and many products have reached the international leading level.

In the future, we look forward to a broader development prospect for High-Speed Electrification after it is listed on the Science and Technology Innovation Board. Kangda's lawyers will, as always, provide high-quality legal services for High-Speed Electrification to help High-Speed Electrification keep moving forward.