Wasion : Metering products being embedded in Itron’s Advanced Solution

【Press release】For Immediate Release

(Hong Kong, 19 January 2017) 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 the Group will deepen the cooperation with Itron (Itron Inc.)(NASDAQ:ITRI) through embedding its high quality metering products into Itron's OpenWayRiva IoT Solution.

Itron's OpenWay Riva IoT Solution (the "Solution") provides distributed intelligence and computing power in meters and grid devices, enabling real-time data analysis and peer-to-peer communication among intelligent devices at the edge of the network. The adptaive communications technology of the Solution delivers high-performance communications with stability and assured connectivity. The adoption of Group's metering products further enhances the flexibility and value of the Solution, as well as facilitates the faster connection between the Solution and the highly secured network and hence directly improves its operating quality and overall performance.

Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. It provides comprehensive solutions that measure, manage and analyze energy and water with broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. Itron has been one of the key strategic partners of the Group in terms of international expansion. The Group will seek for further collaboration with Itron, including technology alliance, for a mutual growth in global market. The strategic cooperation will foster the establishment of more reliable and efficient energy and water resources management which will bring long-term benefits to users.

19 January 2017

with Itron, which is to provide premium metering systems and energy management solutions for demostic and international clients. Looking ahead, the Group will push forward more in-depth cooperation with world-leaders, like Itron to upgrade our own brand and technology and to stay active in international markets."

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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.

Itron is a world-leading technology and services company dedicated to the resourceful use of energy and water. We provide comprehensive solutions that measure, manage and analyze energy and water. Our broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. With thousands of employees supporting nearly 8,000 customers in more than 100 countries, Itron applies knowledge and technology to better manage energy and water resources. Together, we can create a more resourceful world. Join us: www.itron.com.

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