• Wasion Holdings announced November 2 that its subsidiaries won contracts in State Grid’s second 2026 equipment tender, with results released October 29.
• Wasion Group secured approximately RMB 185.75 million (HKD 218.76 million) in contracts for approximately 859,000 smart meters and metering transformers.
• Willfar Information Technology won approximately RMB 55.61 million (HKD 65.49 million) in contracts for approximately 25,000 fusion and data collection terminals.
• Cumulative State Grid centralized tender awards reached approximately RMB 624.28 million (HKD 721.9 million) as of the announcement date.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wasion Holdings Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261102-12392464), on November 02, 2026, and is solely responsible for the information contained therein.