The board of directors of Wasion Holdings Limited announced that on 7 April 2024, the State Grid Corporation of China (Guo Jia Dian Wang You Xian Gong Si) announced the bidding results of the first tender on procurement of metering equipments in 2024, in which Wasion Group Limited, a subsidiary of the Company, has won contracts for approximately 899,000 units of smart meters with a contract value of approximately RMB305.94 million (approximately HKD 330.97 million). Furthermore, Willfar Information Technology Company Limited, a subsidiary of the company, has also won contracts on data collection terminals and concentrators for approximately 56,000 units with a contract value of approximatelyRMB106.14 million (approximately HKD 114.82 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 RMB412.08 million (approximately HKD445.79 million) in the State Grid's centralized bidding in 2024. 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.