TravelSky Technology : INSIDE INFORMATION SUPPLEMENTAL ANNOUNCEMENT IN RESPECT OF PROFIT WARNING FOR THE YEAR OF 2020

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.

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 00696)

INSIDE INFORMATION

SUPPLEMENTAL ANNOUNCEMENT IN RESPECT OF PROFIT WARNING

FOR THE YEAR OF 2020

This announcement is made by TravelSky Technology Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

Reference is made to the announcement dated 20 January 2021 of the Company (the "Announcement") in relation to, among others, the profit warning for the year of 2020. Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Announcement.

The Board hereby informs the shareholders of the Company and potential investors that, based on the preliminary assessment by the Board of the internal unaudited consolidated management accounts of the Group, as compared to a net loss of approximately RMB306 million for the six months ended 30

June 2020 as disclosed in the interim results announcement for the year 2020, the Group is expected to record a net profit ranging from approximately RMB400 million to approximately RMB450 million for the year ended 31 December 2020 (a net profit of approximately RMB2,602 million is recorded for the corresponding period of 2019 as disclosed in the annual results announcement for the year 2019), which is mainly attributable to that (1) as affected by the Epidemic, the PRC and foreign countries have adopted various strict measures to curb the spread of the Epidemic, which resulted in a significant decline in the number of passenger transportation in civil aviation industry. In the second half of 2020, with the prevention and control of the Epidemic in China being further stabilized and normalized, the recovery of transportation in civil aviation industry has gradually accelerated; and (2) as disclosed in the announcement of the Company dated 12 June 2020 in relation to the deemed disposal of 68.39% equity interests in TravelSky Mobile Technology Limited, the transaction will have a financial impact on the Company. Given that the transaction has been completed in the second half of 2020, its financial impact will be reflected in the financial statements for the year of 2020.

The Board hereby reminds investors that the information contained in this announcement is only preliminary assessment according to the internal management records of the Company and with reference to information currently available, which has not been reviewed or audited by the auditors of the Company and the audit and risk management committee of the Company and may be subject to finalization and necessary adjustments. The monthly operating data and relevant financial data disclosed by the Company only serve as preliminary and periodical data for investors' reference, which may differ from the figures to be disclosed in the audited consolidated financial statements to be published by the Company on an annual basis. The actual financial results of the Company for the year ended 31 December 2020, which may differ from those disclosed in this announcement due to changes in the market conditions during such period, will be disclosed in the annual results announcement for the year ended 31 December 2020 which is expected to be published by the end of March 2021. Shareholders of the Company and potential investors should exercise caution when investing or dealing in the shares of the Company.

By the order of the Board

TravelSky Technology Limited

Cui Zhixiong

Chairman

Beijing, PRC

12 March 2021

As at the date of this announcement, the Board comprises:

Executive Directors:	Mr. Cui Zhixiong (Chairman) and Mr. Xiao Yinhong;
Non-executive Directors:	Mr. Zhao Xiaohang, Mr. Xi Sheng and Mr. Luo Laijun;
Independent non-executive	Mr. Cao Shiqing, Dr. Ngai Wai Fung and Mr. Liu Xiangqun.
Directors: