On December 5, China High-Speed Railway (“CHSR”) announced that a CSC entity – Beijing Silver Leaf Gold Light Investments Partnership (Limited Partnership) and the original controlling shareholders of China High-Speed Railway – Mr. Wen Bingrong, person acting in concert – Mr. Wen Baocai, and Shenzhen Bao’an Baolilai Enterprise Limited Co. have completed share transfers. 　　 As one of the earliest leaders in the field of railway operation and maintenance, CHSR’s products have been widely used in the fields of locomotives, vehicles, power supply, signals and lines; CHSR is involved with the entire life cycle of railway transport vehicles and cover all domestic MUs, high power locomotive uses, maintenance bases. It’s a national leader in terms of product depth and breadth. Research shows that among prominent global railway markets, US/Germany/Russia operations and maintenance market investments account for 60% vs. merely 26% in China. As the bulk of high speed railways in China will go into the high maintenance and operation phase and as automated maintenance rate increases, market demands will surge. 2020 railway transport aftermarket is projected to reach 183 billion RMB, in which the operation maintenance market volume is around 44.6 billion RMB, repair and maintenance market volume is around 138.4 billion RMB. CHSR is a market leader in operations maintenance with promising potential. New “Industry + Capital” Strategy Gives Birth to New Business Growth Since 2015, China has increased investments in high speed railway, city rail and other infrastructure. The catalyst for improving railway transport operation maintenance efficiency is to promote the application of industrial internet in traditional industries. Massive data is generated in the course of railway transport operation, safety, and maintenance. CHSR has powerful data collection capabilities in locomotive, vehicle, power supply, line, and signal systems. Through mining and analysis of existing data, the company can achieve synergy and add data service model that represents a new business growth area. Following the guidance of Made in China 2025, CSC is speeding up layout in the smart railway transport industry. Capitalizing on our professional investment experience in the new generation of IT and advanced equipment manufacturing, we can help CHSR improve its resource allocation efficiency, optimize industry structure, enhance core competitiveness, and improve bottom line.