Securities Code: 688015 Securities Abbreviation: Exchange Control Technology Announcement No.: 2022-068

Traffic Control Technology Co., Ltd.

About Voluntary Disclosure of Dongguan Urban Rail Transit Line 1 Phase I Project

Announcement on the end of the publicity period for winning the bid for the signal system procurement project

the company's board of directors and all directors to ensure that the contents of this announcement does not exist any false records, misleading statements or major omissions, and the authenticity, accuracy and completeness of the contents of the legal responsibility.

Important Content Tips:

The winning project of traffic control technology Co., Ltd. (hereinafter referred to as "the company") is the signal system procurement project of Dongguan urban rail transit line 1 phase I project, and the winning amount is 568,098,800.00 yuan.

Conditions for the entry into force of the contract to be signed: the legal representatives or authorized representatives of both parties to this contract sign the contract text and affix the official seals of both parties respectively, and the buyer has received the performance bond submitted by the seller, the contract shall come into effect.

Term of performance of the contract to be signed: the first phase of Dongguan Urban Rail Transit Line 1

Cheng signal system procurement project, the contract performance period is from the contract signing date to the end of the project warranty period, the project temporarily.

It is scheduled to start operation in August 2024 with a warranty period of 3 years (the above information is subject to the signing of the contract).

Risk warning: Although the publicity period has ended, the company has not yet received the formal bid-winning notice for this tender, and has not yet signed the relevant formal contract, so there is uncertainty. The final amount and performance terms involved in this project shall be subject to the formally signed contract. The company will fulfill its information disclosure obligations in subsequent periodic reports and disclose the progress of project implementation. Investors are advised to pay attention to investment risks.

December 26, 2022, electronic trading platform for bidding and tendering of mechanical and electrical products

(www.chinabidding.com) issued the "Announcement of Successful Candidates for the Signal System Procurement Project (1520 Bid) of Dongguan Urban Rail Transit Line 1 Phase I Project (Wanghong Station-Huangjiang Central Station Section)" and identified Traffic Control Technology Co., Ltd. as the first successful candidate for the "Signal System Procurement Project (1520 Bid) of Dongguan Urban Rail Transit Line 1 Phase I Project (Wanghong Station-Huangjiang Central Station Section), publicity time is 2022

December 26 to December 29, 2022.

Now the publicity period has ended, the relevant content is as follows:

Basic Information of 1. Project

1. Project Name: Signal System Procurement Project of Dongguan Urban Rail Transit Line 1 Phase I Project (Wanghong Station-Huangjiang Central Station Section) (1520 Bid)

2. Tenderee: Dongguan Rail Line 1 Construction and Development Co., Ltd.

3. Proposed bid winning amount: 568,098,800.00 yuan

4. Project Overview: Phase I Project of Dongguan Urban Rail Transit Line 1 (Wanghong Station-Huangjiang Central Station Section)

It is 57.46km long, with 25 stations and 1 depot (including test line). The project will be fully automated.

system (FAO system).

2. of the other party

Company: Dongguan Rail No.1 Line Construction Development Co., Ltd.

2. Enterprise nature: limited liability company

3. Legal representative: Wang Chongen

4. Registered capital: 1,065.88 million yuan RMB

5. Date of Establishment: June 28, 2019

6. Main Office Location: Dongcheng Sports Park, Dongguan City, Guangdong Province, China

7. Major shareholders: Dongguan Rail Project Investment Co., Ltd. holds 49.50 shares and Dongguan Development Holding Co., Ltd. holds 45.81 shares.

8. Main business: investment, construction and operation of the first phase of Dongguan Rail Transit Line 1. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments).

In 2021, dongguan rail line 1 construction and development co., ltd. had total assets of 6.946 billion yuan and net assets

5.12 billion yuan, operating income 3.845 billion yuan, net profit 0 yuan.

There is no relationship between the company and the tenderee. There has been no business dealings with the tenderee in the last three fiscal years.

Main clauses of the contract to be signed by the 3.

1. Contract amount: 568,098,800.00 yuan

2. Payment schedule: The project shall be paid according to the advance payment, progress payment, payment for goods, trial operation payment, pre-acceptance payment and final acceptance payment.

3. Place of performance: Dongguan City, Guangdong Province

4. Performance period: from the contract signing date to the end of the project warranty period, tentatively scheduled for August 2024

The warranty period is 3 years (the above information is ultimately subject to the signing of the contract).

5. Conditions for the entry into force of the contract: The legal representatives or authorized representatives of both parties to this contract sign the text of the contract and affix the official seals of the units of both parties, and the buyer has received the performance bond submitted by the seller, the contract comes into effect.

6. Place of Contract Signing: Dongguan City, Guangdong Province

Impact of 4. on the Company

1. The proposed bid amount is 568,098,800.00 yuan, and the project revenue will be confirmed during the performance of the contract in years. If a formal contract is signed and successfully implemented, it will have a positive impact on the company during the implementation of the project.

2. There is no relationship between the company and the tenderee Dongguan Rail Line 1 Construction and Development Co., Ltd. The winning bid for this project does not affect the company's business independence.

5. possible risks

Although the publicity period has ended, the company has not yet received the formal notice of winning the bid, and has not signed the relevant formal contract, there is uncertainty. The final amount and performance terms involved in this project shall be subject to the formally signed contract. The company will fulfill its information disclosure obligations in subsequent periodic reports and disclose the progress of project implementation. Investors are advised to pay attention to investment risks.

It is hereby announced.

Board of Directors of Traffic Control Technology Co., Ltd.

December 31, 2022