12 September 2017, BII Railway Transportation Technology Holdings Company Limited (the “Company” or “BII Trans Tech,” formerly known as “China City Railway Transportation Technology Holdings Company Limited,” and together with its subsidiaries referred to as the “Group;” HKEX code: 1522.HK) today held an unveiling ceremony to mark formally the debut of its new name. Many investors were present to congratulate and witness the Company making a new milestone.

BII Trans Tech is the only overseas listed subsidiary of Beijing Infrastructure Investment Co., Ltd. (「北京市基础设施投资有限公司」)(“BII”), the largest company directly under the State-owned Assets Supervision and Administration Commission of People’s Government of Beijing Municipality (“Beijing SASAC”). With BII becoming its holding company in end of 2016, BII Trans Tech is an industrial group focusing on city rail-related operations including investment and financing, technology research and development, intelligent rail transport construction, operation and maintenance, and civil communication information transmission services. To highlight its corporate background and positioning, the Company changed its name to “BII Railway Transportation Technology Holdings Company Limited” (「京投轨道交通科技控股有限公司」), effective 25 August, and its stock short name has also been changed to BII Trans Tech (「京投交通科技」).

Mr. Guan Jifa, Chairman and Non-executive Director of BII Trans Tech, said, “Capitalizing on the strong background of its controlling shareholder BII, the Group shall be able to seize the opportunities presented by development of the city rail transit industry backed by the Chinese government, benefiting from Beijing’s out-reaching development initiatives such as the Beijing Suburban Railway, integration of Beijing, Tianjin and Hebei, and the Xiong’an New Area Plan. In the face of such new opportunities, after careful consideration and exhibiting shrewd foresight, the Group’s management decided to change the company name to BII Railway Transportation Technology Holdings Company Limited, a move that marked a new milestone and the beginning of a new chapter of development for the Group.”

As the only overseas-listed arm of BII, the Group can capitalize on BII’s integrated industrial chain to apply its critical strengths in BII’s rail transit projects and seek ample room for development in Beijing as well as the rest of the country in the future.