About CANGGANGRAILWAY Company

We are a highly reputable and expanding local railway operator based in Hebei Province, providing eastbound and westbound railway freight services and other ancillary services, including handling, road freight, operation, repair and maintenance of special lines, construction of railway substrates and other railway facilities, and a number of other services. We are the leading local railway operator in Hebei Province and have an irreplaceable position in the country. Our Canggang Line departs from Cangzhou and finally ends in the Bohai New Area. Our railway line connects the Shuohuang Line and the Hanhuang Line, and together forms a comprehensive railway transportation network at the port. Goods are effectively transported from western China via the Huanghua Port Comprehensive Port Terminal to southern and eastern China, some regions with high demand for coal. Furthermore, our railway line also connects the Beijing-Shanghai Line to the Bohai New Area. The total length of the Canggang Line is about 216.6 km, including 15 special lines with a main track of about 87.4 km, a station line of about 56.1 km, and 2 branch lines with a total extension of about 44.2 km; the railway line connecting us to the Shuohuang Line is about 7.1 km, and the railway line connecting us to the Hanhuang Line is about 7.1 km. The Canggang Line has a total of 13 stations, including 10 stations on the main track and 3 stations on the branch line. The Canggang Line was built by the local government department of Cangzhou in 1979 and began operation in 1982. Since 1982, the Canggang Line has been operated by the Cangzhou Local Railway Administration until November 2004, when the Cangzhou Local Railway Bureau Trade Union and three senior management members of the Cangzhou Local Railway Administration established Chengyu Company and purchased the Canggang Line. In November 2007, Mr. Liu officially became one of the shareholders of Chengyu Company. He became the largest shareholder of Chengyu Company after many acquisitions and capital injections from November 2007 to October 2012. In December 2014, Canggang Company was formally established and Chengyu Company injected railway freight business and related assets, which also marked a new milestone in the development of Canggang Company. We have also developed comprehensive operating capabilities to cover the diverse transportation and logistics needs of our customers, particularly customers in the coal and ore related industries. We provide ancillary services and one-stop cargo transportation solutions that will help drive the growth of our core rail freight business and make us more attractive to new customers.