according to the market news quoted by Wen Wei Po on January 21st, China Railway Construction (61186.SH；; 1186.HK)' s suspension of trading may be related to the loss of more than 4 billion RMB due to the construction of Saudi Arabia's catalogue, and it will be compensated.

China Railway Construction A and H shares have been suspended since January 2th, and closed at 7.17 yuan and 9.72 Hong Kong dollars respectively before suspension.

China Railway Construction announced on the evening of October 25th last year that the light rail project from Mecca Safa to Mugodasha in Saudi Arabia, which was undertaken by the company, was expected to generate large losses due to the fact that the actual number of projects increased significantly compared with the estimated amount when signing the contract, and the total loss was expected to be as high as 4.153 billion yuan at the exchange rate on September 3th.

As a result, China Railway Construction recorded a loss of 1.36 billion yuan in the unaudited third quarter of 21.

However, China Railway Construction said at that time that it was confident of obtaining compensation and would not withdraw from the Middle East market.