On October 25th, the bidding opening meeting of the framework agreement procurement project of China Railway Co., Ltd. (Beijing area) was held as scheduled. Ms. Xing Lixin, Mr. Yan Kebing and their respective team participated in the bidding of this project on behalf of Hai Run Law Firm. With the law firm’s advantageous scale, business performance and legal team, and excellent performance in M&A, capital market and other business areas, Hai Run Law Firm was successfully selected into the M&A and reorganization external lawyers information database and capital market external lawyers information database of China Railway.

The domestic legal service providers (Beijing area) will be determined through public bidding, and the information database of external lawyers will be established at the same time. The external lawyer information database is valid for three years, from November 1, 2018 to October 31, 2021, for the use of China Railway and its member enterprises at all levels.

Hai Run Law Firm has always adhered to our operating philosophy of "embrace all with

unstoppable wisdom, specialize in what we do and stay true to the greater good". We aim to provide customers with comprehensive and high-quality legal services. After years of development, our business scope has covered securities and capital markets, finance, companies, mergers and acquisitions, bankruptcy, civil and commercial dispute resolution, criminal, intellectual property and other fields. We provide long-term service for a number of large enterprises, institutions, in mergers and acquisitions, capital markets and other business areas have accumulated rich and professional experience.