Grandway Advised Swjtu Railway Development on Listing Project to Obtain the Letter of Consent from National Small and Medium Sized Enterprise Share Transfer System Co., Ltd.

Sichuan Swjtu Railway Development Co., Ltd. (“Swjtu Railway Development”) has obtained the Letter of Consent from National Small and Medium Sized Enterprise Share Transfer System Co., Ltd. for the listing of its shares on National Equities Exchange and Quotations (“NEEQ”) (“Project”).

Swjtu Railway Development is a high-tech enterprise specializing in R&D, production and sales of intelligent products and equipment for rail transportation and providing professional technical services for rail transportation, with its main products and services including intelligent products and equipment for rail transportation such as safety monitoring and testing products, intelligent equipment, railroad information system and new materials, as well as professional technical services for rail transportation such as surveying and mapping services and operation services. Swjtu Railway Development is committed to ensuring the safety of rail transit train operation and improving operation efficiency. The products and services of Swjtu Railway Development have been used in many national major railroad and urban rail transit construction projects, including Beijing-Zhangjiakou High-speed Railway, Beijing-Shanghai High-speed Railway, Beijing-Guangzhou High-speed Railway, Harbin-Dalian High-speed Railway, Lanzhou-Urumqi High-speed Railway, Guangzhou Metro, Shenzhen Metro, etc. The accumulated business mileage exceeds 30,000 km. Swjtu Railway Development focuses on the forward-looking technology research in rail transportation industry. Swjtu Railway Development is a national high-tech enterprise, a national “Little Giant” enterprise, a specialized and sophisticated enterprise that produces new and unique products, an enterprise technology center of Sichuan Province, and the company jointly built the Innovation base platforms with Southwest Jiaotong University, such as “Engineering Research Center for Operational Safety and Security railway Industry of National Railway Administration”. the company jointly built “Technology Innovation Center for Rail Safety Monitoring” with The Hong Kong Polytechnic University.