References are made to the announcement of BII Railway Transportation Technology Holdings Company Limited dated 22 October 2021 and the circular of the Company dated 2 December 2021 in relation to, among other things, (i) a loan extension agreement (the "Loan Extension Agreement") entered into by the Company (as borrower) and Eastern Creation II Investment Holdings Ltd. ("Eastern Creation II") (as lender), pursuant to which Eastern Creation II agreed to extend the term of the Remaining Loan (as defined in the Announcement) to three years from 13 December 2021; and (ii) a new share charge agreement (the "New Share Charge Agreement") entered into by the Company (as chargor) and Eastern Creation II (as chargee) in relation to the charge of the Company's rights and interests as to 60% of the issued share capital of Great Legend Development Limited ("Great Legend"), a wholly-owned subsidiary of the Company. Unless otherwise defined, terms used in this announcement shall have the same meanings as those defined in the Announcement.