Exhibit 99.1 FOR IMMEDIATE RELEASE Hollysys Automation Technologies Reports Unaudited Financial Results for the Second Quarter and the First Half Year Ended December 31, 2023 First Half of Fiscal Year 2024 Financial Highlights • Total revenues were $423.6 million, an increase of 2.1% compared to the comparable prior year period. • Gross margin was 31.9%, compared to 36.1% for the comparable prior year period. Non-GAAP gross margin was 32.1%, compared to 36.3% for the comparable prior year period. • Net inco ...