Connected transaction supplemental agreement revision of consideration

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)

CONNECTED TRANSACTION

SUPPLEMENTAL AGREEMENT

REVISION OF CONSIDERATION

Reference is made to the announcement of TravelSky Technology Limited (the "Company") dated 31 August 2016 (the "Announcement") in relation to, among other things, the Qingdao Cares Implementation Agreement entered into between the Company (as contractor) and Civil Aviation Cares of Qingdao Limited* (青島民航凱亞系統集成有限公司) ("Qingdao Cares", as subcontractor) in respect of the implementation of the flight information display system, the public broadcast system and the sign guidance system for the overall construction of the Wuhan Tianhe International Airport Phase III Project* (武漢天河國際機場三期項目).

Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meaning as defined in the Announcement.

THE SUPPLEMENTAL AGREEMENT

The board of directors of the Company (the "Board") announced that on 20 December 2019, the Company and Qingdao Cares entered into a supplemental agreement (the "Supplemental Agreement") to the Qingdao Cares Implementation Agreement, pursuant to which, the consideration payable by the Company to Qingdao Cares was adjusted from RMB24,681,058.99 (equivalent to approximately HK$27,395,975.48) to RMB34,788,731.29 (equivalent to approximately HK$38,615,491.73).

Save as disclosed above, all the other terms including payment methods of Qingdao Cares Implementation Agreement remain unchanged and in full force and effect.

The revised consideration has been determined and agreed between the parties on an arm's length basis based on the actual costs of the provision of implementation services as well as necessary technical support services and after taking into account the market conditions. And the Board considers that the entering into of the Supplemental Agreement is fair and reasonable and is in the interest of the Company and the Shareholders as a whole.

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For the purpose of this announcement, unless otherwise indicated, the exchange rate at RMB1 = HK$1.11 has been used, where applicable, for the purpose of illustration only and not constitute a representation that any amount have been, could have been or may be exchanged.

By the order of the Board

TravelSky Technology Limited

Cui Zhixiong

Chairman

Beijing, PRC

20 December 2019

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

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