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Guangshen Railway Freight Traffic Down 23.2% in H12009

During the Period, tonnage of freight transported by the Company amounted to 26.5406 million tonnes (2008 interim: 34.5508 million tonnes). Revenues from freight transportation reached RMB506 million (2008 interim: RMB636 million). The decreases in the Company's tonnage of freight and revenues from freight transportation were mainly due to the considerable declines recorded in both the Company's outbound and inbound freight tonnages which were in turn caused by the global economic crisis and the slowdown of China's macro- economy.