Dear ADR Holder:Deposit Agreement • April 28th, 2009 • Guangshen Railway Co LTD • Railroads, line-haul operating
In accordance with the provisions of the Deposit Agreement dated as of May 10, 1996, (the “Deposit Agreement”), among Guangshen Railway Company Limited, a corporation organized under the laws of the People’s Republic of China (the “Company”), JPMorgan Chase Bank, N.A. (fka Morgan Guaranty Trust Company of New York), as depositary (the “Depositary”), and all holders from time to time of American depositary receipts (“ADRs”) issued thereunder, you are hereby notified that certain provisions of the Deposit Agreement have been amended by Amendment No. 1 dated as of April 23, 2009 (the “Amendment”) to the Deposit Agreement. In addition to other amendments that can be viewed on the website of the US Securities and Exchange Commission (www.sec.gov, the following provisions of the form of ADR (including all outstanding ADRs) have been amended:
