Beijing Urban Construction Design & Development : INSIDE INFORMATION - RESTRUCTURING AND CHANGE IN SHAREHOLDING OF SUBSTANTIAL SHAREHOLDER

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Beijing Urban Construction Design & Development Group Co., Limited

北京城建設計發展集團股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1599)

INSIDE INFORMATION

RESTRUCTURING AND CHANGE IN SHAREHOLDING OF

SUBSTANTIAL SHAREHOLDER

This announcement is published by Beijing Urban Construction Design & Development Group Co., Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company was notified by Beijing Infrastructure Investment Co., Ltd. ("Beijing Investment Company"), a substantial shareholder of the Company (as defined in the Listing Rules), that a merger and restructuring (the "Merger and Restructuring") was conducted between Beijing Investment Company and Beijing MTR Construction Administration Corporation (北京市軌道交通建設管理有限公司) ("MTR Corporation") on 4 August 2020, pursuant to which, the state-owned assets of the MTR Corporation shall be transferred to Beijing Investment Company at nil consideration.

Prior to the Merger and Restructuring, Beijing Investment Company held a total of 156,072,942 shares of the Company (including 87,850,942 domestic shares and 68,222,000 H shares of the Company, accounting for approximately 11.57% of the issued shares of the Company), while MTR Corporation held 43,925,470 domestic shares of the Company (accounting for approximately 3.26% of the issued shares of the Company). Following the Merger and Restructuring, Beijing Investment Company directly and indirectly holds 199,998,412 shares of the Company (including 131,776,412 domestic shares and 68,222,000 H shares of the Company, accounting for approximately 14.83% of the issued shares of the Company) and remains to be the substantial shareholder of the Company.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Beijing Urban Construction Design & Development Group Co., Limited

Pei Hongwei

Chairman

Beijing, 10 August 2020

As at the date of this announcement, the executive directors of the Company are Wang Hanjun and Li Guoqing; the non-executive directors of the Company are Pei Hongwei, Tang Shuchang, Wu Donghui, Guan Jifa, Ren Yuhang, Su Bin, Yu Xiaojun and Ren Chong; and the independent non-executive directors of the Company are Wang Dexing, Ma Xufei, Sun Maozhu, Liang Qinghuai and Qin Guisheng.