© Copyright 2020 TravelSky Technology Limited

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

Stock Code: 00696.HKH Shares Listed on Feb. 7, 2001

First Level ADR Traded on Dec. 27, 2002

2020 ANNUAL RESULTSMar. 2021

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The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities, or other products or to provide any investment advice or service of any kind. This document is solely intended for distribution to and use by professional investors. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject TravelSky Technology Limited (“TravelSky”) to any registration requirement within such jurisdiction or country.

This document contains forward-looking statements which are based on the current expectations, estimates, projections, beliefs and assumptions of TravelSky about the businesses and the markets in which it and its subsidiaries operate. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TravelSky. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this document.

Although the information contained in this document is obtained or compiled from sources believed to be reliable, TravelSky does not guarantee the accuracy, validity, timeliness or completeness of the information or data for any particular purpose, and shall not accept any responsibility for, or be liable for, errors, omissions or other inaccuracies in the information or for the consequences thereof. The information set out in this document is provided on an “as is” and “as available” basis and may be amended or changed. It is not a substitute for professional advice which takes account of your specific circumstances and nothing in this document constitutes legal advice. TravelSky shall not be responsible or liable for any loss or damage, directly or indirectly, arising from the use of or reliance upon any information provided in this document.

Disclaimer

发展历程

1979TravelSky Technology Limited set up an organization to conduct research on the establishment of a computerized passenger service system for civil aviation, the key projects of the National “Seventh Five-Year” Electronic Revitalization Plan*（國家「七五」電子振興計劃）, and other relevant issues.

1987the CAAC decided to establish the Civil Aviation Computer Center of China* （中國民用航空計算機中心）..

1996Civil Aviation Computer Center of China was renamed as China Civil Aviation Computer Information Center* （中國民航計算機信息中心） ( the predecessor of the Company and its subsidiaries, China TravelSky Holding Company), and was restructured from a public institution into an enterprise.

2001the Company's Hshares weresuccessfully listedon the Main Boardof the Hong KongStock Exchange(Stock Code:00696.HK) with anissue price ofHKD4.10 per shareand a market valueof approximatelyHKD3.6 billion.

2003the Company completed the construction project of the airport passenger processing system (APP) for the top 100 domestic airports in terms of passengers.

2007to provide civil aviation passenger information security services for the Beijing Olympic Games, the Company expanded mainframe and opened platform resources, built mainframe and opened backup system, and improved the new-generation airport passenger processing front end system (NewAPP) backup system.

2009ACCA became the world’s largest Billing and Settlement Plan Data Processing center.

2017the development of the new-generation passenger service information system was completed and the new data centre in Shunyi,Beijing, was gradually put

into use.

2020- The Company was certified as a “High and New Technology Enterprise” for 20 consecutive years.- The Company was granted “20th Anniversary Partner Award”by IATA.- The former wholly-owned subsidiary of the Company, TravelSky Mobile Technology Limited (now as associated company which provides service with mobile application, “Umetrip” as major product) completed mixed-ownership reform and employee stock ownership plan.-Our self-developed platform, “Baggage Travel”, , was recognized as the public information platform of the full-process baggage tracking system of civil aviation of China by CAAC.

So farthe Company has successfully

completed the security tasks of civil

aviation passenger information systems

for many times during the Spring

Festival travel rush, the National Day, the National People’s Congress of the

People’s Republic of China and the

Chinese People’s Political Consultative

Conference, International Summit

Forum, Expo and other major activities

of the Party and the state.

1984-1985• In 1984, the Civil Aviation Computer Station （民航計算機總站）under the State Administration of Civil Aviation* （民航總局） (now known as the Civil Aviation Administration of China) (the “CAAC”)was established.- In 1985, Inventory Control System (“ICS”) and civil aviation and commercial data network were established.

1991Accounting Centre of China Aviation* （中國航空結算中心）, the predecessor of Accounting Centre of China Aviation Limited Company* （中國航空結算有限責任公司） (the “ACCA”) ( a wholly-owned subsidiary of the Company) was established and China Aviation Revenue Accounting System* （中國航空收入結算系統） was launched 3 years later.

2000-2001-In 2000, the Company was jointly founded by China Civil Aviation Computer Information Center* （中國民航計算機信息中心） and all domestic commercial airlines.-In 2001, the main project of Electronic Travel Distribution (ETD) system service plan was inspected and accepted by the state.

2004ETD system processing capacity exceeded 100 million passengers.

2008-TravelSky Technology Limited was the first in the world to realize the electronic application of 100% of airline tickets and was granted“Simplified Business Strategic Partner Global Outstanding Contribution Award by International Air Transport Association (“IATA”).-All registered capital and properties of ACCA are acquired.

2011- ETD system processing capacity exceeded 300 million passengers.-A mobile Internet-oriented mobile application, “Umetrip” was independently researched and developed.

2015-2016

-the H shares of the Company were added to the lists of MSCI Emerging Markets Index, Hang Seng Composite LargeCap & MidCap Index, Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.-In 2015, the Company obtained the first batch of national operation and maintenance qualification certificate-Level 1-In 2016, ETD system processing capacity exceeded 500 million passengers.

2019-The Company obtained the certificate for “Important Software Enterprise under t h e N a t i o n a l P l a n n i n g Layout for 14 consecutive years.- T h e “A g g r e g a t o r （ 聚合）”platform based on new distribution capability (N D C) w a s a w a rd e d t h e h i g h e s t N D C l e v e l 4 certification by IATA.- E T D s y s t e m d a i l y p r o c e s s i n g c a p a c i t y approached 700 million passengers and ranked third in the world for 3 consecutive years in terms o f s y s t e m p r o c e s s i n g capacity.

2021.02.07the Company has been listed for 20 years, and the market value exceeded

HKD50 billion.

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Other Shareholders of Domestic Shares

China National Aviation Holding Company Limited

China Eastern Air Holding Company Limited

China Southern Air Holding Company Limited

Branches Subsidiaries Associates

Shareholders of H Shares

More than 10More than 30More than 10

2.63% 29.29% 31.87%

9.98%9.81% 7.24% 9.18%

Note : As of Dec. 31, 2021, the company has issued 2,926,209,589 ordinary shares, of which 1,993,647,589 domestic shares and 932,562,000 H shares.

China Mobile Capital Holding CO. ,Ltd.

China TravelSky Holding Company Limited

Shareholders Structure

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- Flight management

- Class management

- E-commerce

- Flight inquiry

- Fare calculation

- Booking and ticketing

- Check-in

- Flight Loading

- Passenger services

- Aviation settlement & clearing

- BSP business

- Settlement system services

Empowering Aviation Travel I.T. Service Chain Over 40 Years

Inventory Control

Air Ticket Distribution

Check-in, Boarding & Loading Planning

Accounting, Settlement & Clearing

Business Profile

Processed system capacity ranks third in the world for 3 consecutive years

100+ Oversea Airports

41 Host Airlines Over 390 Linked Airlines

36 System Integration Projects on New Airports

239 Domestic Airports

106 System Integration Projects Under Construction

World's Largest BSP Data Processing Center

Inventory Control

Air Ticket Distribution

Accounting，Settlement & Clearing

Departure Control

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12.82

397.37173.02204.35 211.18

248.96

291.77318.56

347.03

385.57

424.61

470.75

524.17

586.24

643.94

689.28

411.91

0

100

200

300

400

500

600

700

800

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

international and regional commercial airlines International segment of domestic commercial airlinesDomestic segment of domestic commercial airlines Total volume processed by the systems

（Million）CAGR(2006 to 2010)=14.01%

CAGR(2010 to 2015)=10.10%

CAGR(2016 to 2020)=-4.93%

-93.24%

-86.99%

-29.71%

-40.24%

0.42% 3.11%96.47% 100%

Annual System Processed Volume

1.72

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Daily System Processed Volume in 2021 1Q of Chinese Commercial Airlines

1-3 month System

Processd Volume

2020 2021

（Million）

Note: Data of Mar. is subject to disclosure on the company's website, this data is for reference only

l In 2020, China's civil aviation was the first market to bounce back from the bottom, achieving the passenger traffic of 420 million. It is the best-run aviation market with the fastest recovery in the world.

l The Civil Aviation Administration of China (CAAC) indicates that, in 2021, great efforts will be made to restore the passenger traffic of China's civil aviation to about 90% of that before the epidemic and to reduce losses and increase profits for aviation enterprises.

l In February 2021, the International Air Transport Association (IATA) predicted that global air passenger demands in 2021 will be 33%-38% of that in 2019.

l CAAC emphasizes that expanding domestic demand is the strategic basis, and we should fully exploit the potential of the domestic air transport market, and drive the

construction of an air transport service network featuring "connection and connectivity".

l CAAC stresses that the implementation of the civil transport airport construction plan should be promoted, which leads to that 247 transport airports will be registered and

certificated by the end of 2021 and airports featuring safety, efficiency, ecology, intelligence, convenience and harmony will be built in an all-round way in 2035.

l CAAC highlights that accelerating the construction of intelligent civil aviation, and regards the construction of new civil aviation infrastructure as an effective means to speed up

the intelligent development of civil aviation.

Civil aviation industry under the epidemic and its future expectations

（Million）

Note: The data comes from the International Air Transport Association (IATA), Civil Aviation Administration of China.

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2001 2004 2007 2010 2013 2016 2019

Total annual dividend

Financial HighlightsOn the basis of sustainable development, the Company maintained a stable and sustained dividend policy.

Generally, the Company distributed annual final dividends in cash once each year, total amount of which

accounted for approximately 30-40% of the profit after taxation of the Company in that year.

Total Revenues(RMB Million)

8,121.7 5,485.6 Operating Profit (RMB Million)

2,787.3 324.8

Operating Margin 34.3% 5.9%

Final cash dividend for the year(RMB per share)

0.289 0.016

Profit Attributable To Shareholders of the Company(RMB Million) 2,526.0 362.8

DPS RMB0.016

(tax inclusive) for

Year 2020-85.6%

-64.1%

-32.5% -88.3%

-94.5% -82.7%

EBITDA(RMB Million) 3,458.4 1,240.2

Note: the audited annual consolidated results prepared in accordance with the China Accounting Standards for Business Enterprises.

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Revenues　

2020（RMB

Million）

2019（RMB

Million）

YOY Change

2,495.5 4,517.2 -44.8%

359.6 597.0 -39.8%

1,178.0 1,168.0 0.9%

489.4 485.1 0.9%

963.1 1,354.4 -28.9%

Total revenues 5,485.6 8,121.7 -32.5%2020

2019

Revenue Analysis

55.6%

7.4%

14.4%

6.0%

16.7%

45.5%

6.6%

21.5%

8.9%

17.6%Aviation information technology services

Accounting, settlement and clearing services

System integration services

Data network

Other revenues

Note: the audited annual consolidated results prepared in accordance with the China Accounting Standards for Business Enterprises.

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operating expenses　

2020（RMB

Million）

2019（RMB

Million）

YOY Change

1,775.2 1,861.5 -4.6%

925.9 863.3 7.3%

604.5 902.7 -33.0%

601.2 601.3 0.0%

478.1 799.4 -40.2%

82.8 84.5 -2.0%

72.8 97.0 -24.9%

367.3 442.0 -16.9%

-90.4 -110.4 -18.1%

Total operating expenses

4,817.4 5,541.2 -13.1%2020

2019

Operating Expense AnalysisIncluding Other

operating expenses and

financial expenses

33.6%

15.6%16.3%

10.9%

14.4% 1.5%

1.8%6.9%

36.9%

19.2%

12.5%

12.5%

9.9%

1.7%1.5%

5.7%Personnel expenses

Depreciation & amortizationTechnical support & maintenance feesCost of software & hardware soldCommission & promotion expensesBusiness taxes & other surchargesNetwork usage fees

Other operating expensesFinancial expenses

Note: the audited annual consolidated results prepared in accordance with the China Accounting Standards for Business Enterprises.

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（RMB Million）

From 2011 to 2020, the Phase I work of the new operating centre in Beijing has accumulated an expenditure of approximately RMB3,281.1 million,representing 89.8% of the construction budget plan of the Phase I work. For the year ended Dec.31, 2020, the Group did not have any major investment or plan to acquire major capital assets. The Board estimates that the sources of funding of the Group in 2021 will be sufficient for the capital requirement of daily operations and the Group did not have any financing plan.As at December 31, 2020, the Group’s capital expenditure commitment amounted to approximatelyRMB1,017.5 million, which will be mainly used for the Company's daily operation, maintenance, research and development and upgrading of computer system,China Mobile Equity Fund(unlisted investment funds),and the capital expenditure commitment of the new operating centre in Beijing for the construction of Phase I project. The sources of funding for such commitments will include existing cash on hand and internal cash flow generated from operating activities.

Capital Expenditure

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• China has achieved stable economic

performance, and has taken effective Epidemic

prevention and control measures.

• China has put forward the requirements of

promoting the high-quality development of

infrastructure and developing a multi-field civil

aviation power.

• China has made constant efforts to build a

transportation power and a civil aviation power,

and construct smart civil aviation.

• China focuses on the deployment of the

application of big data, cloud computing,

blockchain, artificial intelligence and other new

technologies in the field of civil aviation.

• The urgent needs of airlines to be digitalised

and intellectualised.

• The Epidemic is still spreading around the

world, and uncertainties and destabilizing

factors in the international situation are on

the rise, and the world economic situation

is complex and grave.

• The civil aviation industry is still in a

period of recovery and growth, and the

Epidemic is still the biggest uncertainty

affecting the recovery and development of

the civil aviation industry.

• With technological innovation and

business model transformation, cross-

industry competitors continue to

penetrate the market at home and abroad.

• In terms of talent retention and outflow.

Opportunities

Prospects for 2021

Challenges

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Improve the safety system and capacity building, implement safety responsibility system, and ensure the smooth operation of the civil aviation passenger information system.

Prospects for 2021

Improve core competitiveness, keep up with customer and market needs, accelerate the construction of products with layout significance, strive to increase the market share of competitive products, and build new competitive advantages by fully assisting the construction of smart civil aviation

Promote reforms and accelerate innovation, remove institutional obstacles, release development vitality, implement innovation-driven development strategies, and focus on independent research and development of key and core technologies.

Insist on enhancing quality and effect and stabilising operating performance, strictly control operating costs, strictly implement energy saving and emission reduction, improve internal management efficiency, prevent and resolve major risks, strengthen the building of talent teams, and strictly implement energy conservation and emission reduction.

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Investor Relations

TravelSky Technology Limited

the Board of Directors

Tel: (86 10)5765 0696

Fax: (86 10)5765 0695

E-mail: ir@travelsky.com.cn

The compliance website: http://www.travelskyir.comObtain the financial reports, announcements, circulars, operational data and other materials of the Company

Address: A building, TravelSky High-Tech Industrial Park, Houshayu Town, Shunyi District, Beijing, PRC

We appreciate the continuous trust and support from our shareholders, investors, customers, directors and supervisors for over 20 years!