The board (the "Board") of directors (the "Directors") of the BII Railway Transportation Technology Holdings Company Limited announced the shareholders and potential investors of the Company that, based on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2022 (the "Period"), the profit of the Group for the Period may drop by approximately 60% to 70% as compared to the profit recorded in the corresponding period of 2021.