Wasion : Outstanding performance in Changsha Railway Tender Won RMB15.6million ADO tender contract

[Press release] For Immediate release Outstanding performance in Changsha Railway Tender Won RMB15.6million ADO tender contract

(20 January, Hong Kong) Wasion Group Holdings Limited ("Wasion Group", together with its subsidiaries, the "Group"; stock code: 3393.HK), a leading energy metering and energy management expert in China, is pleased to announce that Wasion Electric Limited ("Wasion Electric"), a wholly owned subsidiary of the Group has recently won another Advanced Distribution Operations (ADO) contract of approximately RMB15.6 million in the tender of railway construction project of Changsha, Hunan Province. The contract includes a series of high-end low-voltage power distribution systems and services.

With its leadership and advanced technology in the energy metering industry, the Group has been actively expanding its ADO business with particular outstanding performance in railway and transportation projects and data centers. Mr. Ji Wei, Chairman of the Group is pleased with the tender result, he commented, "Winning the tender of Changsha line 4 railway is another breakthrough since our last tender contract in the railway construction project of Changsha in September 2015. The Group is honored to gain the trust and recognition from the government department and make contribution to local transportation construction with our high-quality products and services. Determined to support the country to build a more energy-efficient, environmental-friendly and smarter environment, the Group will continue to persistently upgrade our ADO technologies for the provision of better smart distribution solutions for our users."

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Wasion Group Holdings Limited Won RMB15.6million ADO tender contract in Changsha Railway Tender

20 January 2017

About Wasion Group Holdings Limited

Wasion Group is the leading provider of energy measurement equipment and energy saving solutions in the PRC. Its products and services include Smart Meters (SM), Advanced Metering Infrastructure Solutions (AMI), Smart Distribution Devices (SDD), Smart Distribution Solutions (SDS) and Energy Efficiency Solutions (EES). The Group's current clients include power grid companies, water, gas and heat providers, and other major industrial and commercial users. Its products have major market share in the PRC and are exported worldwide including Asia, Africa, Europe and United States. The Group owned China's very first Energy Conservation

and Environmental Protection Engineering Research Center (節能環保領域工程研究中心). Its

research centre and laboratory have been certified as national grade and international standards. Wasion's research and development capabilities in smart metering and energy saving solutions are renowned within the industry.

Joanne Chan	(852) 3679 3671	[e-mail]
Natalie Yip	(852) 3752 2677	[e-mail]

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