Subsidiaries List

1. Qiqihar Railway Rolling Stock Co., Ltd.
2. Harbin Railway Transportation Equipment Co., Ltd.
3. Changchun Railway Vehicle Equipment Co., Ltd.
4. Changchun Railway Vehicle Co., Ltd.
5. Shenyang Locomotive & Rolling Stock Co., Ltd.
6. Dalian Locomotive & Rolling Stock Co., Ltd.
7. Tangshan Railway Vehicle Co., Ltd.
8. Tianjin Electric Locomotive Co., Ltd.
9. Tianjin JL Railway Transportation Equipment Co., Ltd.
10.Beijing Feb. 7th Railway Transportation Equipment Co., Ltd.
11.Beijing Nankou Railway Transportation Machinery Co., Ltd.
12.Taiyuan Railway Transportation Equipment Co., Ltd.
13.Datong Electric Locomotive Co., Ltd.
14.Shanghai Railway Transportation Equipment Development Co., Ltd.
15.Yongji Xinshisu Electric Equipment Co., Ltd.
16.Ji’nan Railway Vehicles Equipment Co., Ltd.
17.Xi’an Railway Vehicles Equipment Co., Ltd.
18.CNR Lanzhou Locomotive Co., Ltd.
19.CNR Dalian Locomotive Research Institute Co., Ltd.
20.Qingdao Sifang Rolling Stock Research Institute Co., Ltd.
21.CNR Dalian Electric Traction Research & Development Center
22.CNR Import & Export Corp., Ltd
23.CNR Logistic Development Corp., Ltd.
24.CNR Investment & Leasing Corp., Ltd.
25.CNR Financial Corp., Ltd
26.Beijing CNR Railway Transportation Equipment Co., Ltd.
27.CNR （Hong Kong） Co., Ltd.