Subsidiaries

China CNR Corporation Limited
CNR Qiqihar Railway Rolling Stock Co., Ltd.
Tangshan Railway Vehicle Co., Ltd.
Tianjin JL Railway Transportation Equipment Co., Ltd.
Beijing Nankou Railway Transportation Machinery Co., Ltd.
Beijing Feb. 7th Railway Transportation Equipment Co., Ltd.
Taiyuan Railway Transportation Equipment Co., Ltd.
Yongji Xinshisu Electric Equipment Co., Ltd.
Ji'nan Railway Vehicles Equipment Co., Ltd.
Xi'an Railway Transportation Equipment Co., Ltd.
CNR Lanzhou Locomotive Co., Ltd.
CNR Dalian Locomotive & Rolling Stock Co., Ltd.
Changchun Railway Vehicles Co., Ltd.
CNR Datong Electric Locomotive Co., Ltd.
CNR Dalian Locomotive Research Institute Co.,Ltd.
Qingdao Sifang Rolling Stock Research Institute Co., Ltd.
CNR Import & Export Corp., Ltd.
Beijing CNR Logistics Development Corp., Ltd.
CNR Investment & Leasing Corp., Ltd.
Beijing CNR Railway Transportation Equipment Co., Ltd.
CNR Shenyang Locomotive & Rolling Stock Co., Ltd.
Shanghai Railway Transportation Equipment Development Co., Ltd.
CNR Financial Corp., Ltd.
CNR Dalian Electric Traction R&D Center Co., Ltd.
CNR Construction Engineering Co., Ltd.
CNR Southern Co., Ltd.
Beijing Tsinghua Software Information Technology Co., Ltd.
CNR (Hong Kong) Corporation Limited