Hong Kong Exchanges and Clearing : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONTINUING CONNECTED TRANSACTION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

京 投 軌 道 交 通 科 技 控 股 有 限 公 司

BII Railway Transportation Technology Holdings Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1522)

DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

CONTINUING CONNECTED TRANSACTION

Reference is made to the announcement of BII Railway Transportation Technology Holdings Company Limited (the "Company") dated 2 August 2019 ("Announcement") in relation to the Services Framework Agreement and the transactions contemplated thereunder. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As stated in the Announcement, a circular containing, among other things, (i) a letter from the Board containing further details of the Services Framework Agreement; (ii) a letter from the Independent Board Committee, setting out its recommendations in connection with the transactions contemplated under the Services Framework Agreement and the related proposed annual caps, to the Independent Shareholders; (iii) a letter from the Independent Financial Adviser containing its advice, in connection with the transactions contemplated under the Services Framework Agreement and the related proposed annual caps, to the Independent Board Committee and the Independent Shareholders; and (iv) notice of the EGM, will be despatched to the Shareholders on or before 22 August 2019. As more time is required to finalise the information contained in the circular, it is expected that the despatch date of the circular will be postponed to a date falling on or before 30 September 2019.

By order of the Board

BII Railway Transportation Technology

Holdings Company Limited

Xuan Jing

Executive Director

Chief Executive Officer

Hong Kong, 22 August 2019

As at the date of this announcement, the executive Directors are Mr. Cao Wei and Ms. Xuan Jing; the non-executive Directors are Mr. Zhang Yanyou, Mr. Guan Jifa, Mr. Zheng Yi and Mr. Ren Yuhang; and the independent non-executive Directors are Mr. Bai Jinrong, Mr. Luo Zhenbang and Mr. Huang Lixin.