(Hong Kong, 10 June 2022) Wasion Holdings Limited (the “Company”, “Wasion” or the “Group”; stock code: 3393.HK), the PRC’s leading provider of energy-measurement equipment and energy-saving solutions, is pleased to announce that Wasion Group Limited (“Wasion Group”), a subsidiary of the Group, won contracts in the first framework tender for metering products in 2022 from China Southern Power Grid Co., Ltd. (‘‘Southern Grid’’) with a total value of approximately RMB134.33 million (approximately HK$157.17 million). At the same time, Willfar Information Technology Company Limited (“Willfar Information”), another of the Group’s subsidiaries, won contracts in the same tender with a total value of approximately RMB57.19 million (approximately HK$66.91 million).
The Group ranked a leading position in this framework tender, securing contracts with a total value of around RMB 191.52 million (HK$224.08 million). These wins confirm the market recognition of the Group’s strengths and also its leadership position in the energy-metering industry.
Mr. Ji Wei, Chairman of the Group said: “Favorable policies implemented by The National Development and Reform Commission and other departments mean that more investment projects for power grid are being rolled out. Wasion has also seized opportunities to develop ‘Digital Power Grids’ and is fully utilizing their strategic advantages to pioneer new electrical power systems. At the same time, the group is striving to realize its dual carbon target with the aim of building new types of power grid and power-grid enterprises. Looking forward, the Group will capitalize on its technical strengths to constantly optimize core products and promote the digital transformation of metering in power grid enterprises. We will also work closely with customers to build a ‘Smart meter — Metering terminal — Metering Station’ digital metering system. The Group is actively exploring new ideas and new models in electricity metering. As it gradually shifts from satisfying demand to creating demand, the Group will strive to offer new and better products to customers that deliver green and low-carbon outcomes.”
About Wasion Holdings Limited
Wasion Holdings is the leading provider of energy measurement equipment and energy saving solutions in the PRC. Its products and services include Power Advanced Metering Infrastructure (Power AMI), Communication and Fluid Advanced Metering Infrastructure (Communication and Fluid AMI), and Advanced Distribution Operations (ADO) (Smart Distribution Solutions (SDS), Smart Distribution Devices (SDD), 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 to Asia, Africa, Europe and the United States. Its research center and laboratory have been certified as national grade and meet international standards. Wasion’s R&D capabilities in smart metering and energy saving solutions are renowned within the industry.