Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(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 29 August 2016, the State Grid (國家電網公司) announced the bidding results of

the second centralized tender on smart meters and data collection terminals in 2016, in which the Company has won contracts for approximately 308,000 units of smart meters with a contract value of approximately RMB72.38 million (approximately HK$83.92 million). Furthermore, the Company has also won contracts on data collection terminals and concentrators for approximately 59,000 units with a contract value of approximately RMB28.82 million (approximately HK$33.41 million). The Company ranked leading position in terms of volume and 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 RMB441.66 million (approximately HK$524.77 million) in the State Grid's centralized bidding in 2016.

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, 30 August 2016

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. Luan Wenpeng, Mr. Cheng Shi Jie and Mr. Hui Wing Kuen as independent non- executive directors of the Company.

Wasion Group Holdings Limited published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2016 09:03:06 UTC.

Original documenthttp://ir.wasion.com/attachment/2016083016470100002602022_en.pdf

Public permalinkhttp://www.publicnow.com/view/CDDD209A6EA5D8C386413AD3E726D1961496A0B4