About WASION HOLDINGS Company

Weisheng Holdings Limited (“Weisheng Holdings” or the “Group”) is a leading supplier of integrated solutions for intelligent metering, intelligent electricity distribution and energy efficiency management in China. The Group's mission is to become an “energy metering and energy efficiency management expert” in China and the world at large. The Group was listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) in December 2005. It is the first energy metering and energy efficiency management professional group listed overseas in China, and the first company listed on an overseas motherboard in Hunan Province. Weisheng Holdings has always focused on R&D, production and sales of overall solutions for energy metering and energy efficiency management. Its products and services are widely used in electricity, water, gas, heat and other energy supply industries, large-scale public construction, petroleum and petrochemical, transportation, 5G communications, machinery manufacturing, metallurgy, chemicals, etc., as well as residential users. The Group's advanced intelligent metering business mainly includes: a full range of smart electric energy meters, smart water meters, smart gas meters, ultrasonic heat meters; various types of power distribution meters, power quality monitoring equipment; a full range of energy data collection terminals, load management terminals, user management devices; measurement automation systems and various application systems and services, and energy data mining. The Group's share of the domestic market for high-end measurement products exceeds 20%, making it a leading domestic market. The Group is the only professional manufacturer in China that can simultaneously provide various advanced energy measurement products, systems and services for electricity, water, gas and heat, and cover the entire process requirements of energy production, transmission and distribution to the consumer side. The Group's intelligent electricity distribution and energy efficiency management business products and solutions cover large-scale energy storage, industrial and commercial energy storage, household optical storage integration, mobile energy storage and other novel energy storage system solutions, high and low voltage complete equipment, primary and secondary integration equipment, intelligent low voltage components, tower energy and communication product services, EMS system applications, hydrogen production, new energy access, industrial automation, power exchange and backup, electricity sales and demand-side management. The Group is committed to becoming a leading supplier of integrated solutions for intelligent power distribution systems in China. In January 2020, the Group's “Communications and Fluid AMI” business, that is, Weisheng Information Technology Co., Ltd. (stock code: 688100), a subsidiary of the Group with 58.56% of the shares, was approved by the China Securities Regulatory Commission and became the first enterprise in Hunan Province to be listed on the Science and Technology Innovation Board, and was selected for the “Science and Technology Innovation 50 Index” in August 2020. The communication and fluid AMI business mainly focuses on reshaping energy management methods such as electricity, water, gas, and heat using IoT technology to provide full-level integrated energy IoT solutions from data perception and network transmission to application management. It has the ability to provide users with digital solutions such as software management, from underlying chip design, data perception, and data acquisition to communication technology that ensures high-speed data transmission and stable connections. The “carbon neutrality” and “carbon peak” goals are driving tremendous changes in energy production and energy consumption models in China and the world. Facing the huge social responsibility and development opportunities for energy saving and emission reduction, and facing the major demand for the transformation and upgrading of smart grids to the energy internet, Weisheng Holdings will always keep in mind the corporate mission of “energy metering and energy efficiency management experts”, adhere to the core values of “sincerity, refinement, and righteous symbiosis”, and continue to innovate, never stop, and strive to make Weisheng a leading enterprise in the field of smart grids and smart metering in China, and become the main enterprise in the field of international smart grids and smart metering One of the suppliers , making the Visheng brand a world-famous brand that knows no borders. In the future, every city, every business, and every home will benefit from using Weisheng's technology, products, and services.