WASION GROUP: Won RMB24.2million ADO tender contract In another city level railway project

【Press release】For immediate release

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Won RMB24.2million ADO tender contractIn another city level railway project (Hong Kong, 5 October 2015) Wasion Group Holdings Limited ("Wasion Group", together with its subsidiaries, the "Group"; stock code: 3393.HK) is pleased to announce that Wasion Electric Limited ("Wasion Electric"), a wholly owned subsidiary of the Group, has outstanding performance in another railway construction project of Changsha, Hunan Province by winning a contract of approximately RMB24.2million for several Advanced Distribution Operations systems and solutions (ADO), including Active Power Filter System and Device.

Mr. Ji Wei, Chairman of the Group is pleased with the result, he commented, "We are honored to gain the trust from the railway department of Changsha, Hunan Province in another project. The Group has insisted on innovation and research and development, as well as good quality guarantee, which has ensured the high competiveness of Wasion Electric's ADO products and services in market. Driven by the ongoing power reform, power grid transformation in rural villages as well as the development in advanced railway and transportation and new energy power generation, the market demand for ADO will continue to grow fast, which is believed to bring huge support to our ADO business development."

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About Wasion Group Holdings Limited 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.

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