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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3393)

VOLUNTARY ANNOUNCEMENT STATE GRID TENDER RESULTS

This announcement is made by Wasion Group Holdings Limited on a voluntary basis.
The board of directors (the ''Board'') of Wasion Group Holdings Limited (the ''Company'') is pleased to announce that on 27 November 2014, the State Grid (國家電網公司) announced the bidding results
of the fourth centralized tender on smart meters and data collection terminals in 2014, in which the Company has won contracts for approximately 1,340,000 units of smart meters with a contract value of approximately RMB292.92 million (approximately HK$369.52 million). Furthermore, the Company has also won contracts on data collection terminals and concentrators for approximately 120,000 units with a contract value of approximately RMB62.63 million (approximately HK$79.01 million). The Company ranked number one in terms of total contract sum won in this tender.
Up to the date of this announcement, the Company has won contracts with an accumulated value of approximately RMB1,201.94 million (approximately HK$1,506.99 million) in the State Grid's centralized bidding in 2014.
This announcement is made by the order of the Board, the members of which individually and jointly accept responsibility for the accuracy of the information disclosed in this announcement.
By order of the Board of
Wasion Group Holdings Limited
Choi Wai Lung Edward
Company Secretary
Hong Kong, 27 November 2014

As at the date of this announcement, the Board comprises Mr. Ji Wei, Ms. Cao Zhao Hui, Mr. Zeng Xin, Ms. Zheng Xiao Ping, Mr. Wang Xue Xin and Ms. Li Hong as executive directors of the Company, Mr. Kat Chit as non-executive director of the Company and Mr. Wu Jin Ming, Mr. Pan Yuan, Mr. Cheng Shi Jie and Mr. Chan Cheong Tat as independent non- executive directors of the Company.

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