Wasion Electric Limited successfully won the tender for procurement project of shared energy storage equipment for photovoltaic power station in Yuyang, Qianjiang City of Powerchina Hubei Electric Engineering Co. Ltd. under Powerchina with procurement scale of 50MW/100MWh and contract sum of RMB136 million (approximately HKD 148 million), representing the tenth energy storage (including integrated photovoltaic and energy storage) contract secured by Wasion Electric this year. Up to the date of this announcement, new electrochemical energy storage contracts signed by Wasion Electric domestically and overseas during this year reached 452.6MWh, with an aggregated contract sum of approximately RMB 700 million (approximately HKD 761 million), covering various application scenarios, which included centralized distribution and storage of new energy on power generation side, shared energy storage on power grids side, energy storage for industrial and commercial users as well as independent off-grid system for integrated photovoltaic and energy storage in Kekexili Sanjiangyuan Protection Station.

All these evidenced Wasion Electric as one of the very few corporates with comprehensive solutions for energy storage systems and capability for product research and development, reflecting integrated capability and development potential of Wasion Electric in the energy storage field. Moving forward, new energy business, iconizing by energy storage, will further contribute to high quality and rapid growth of the Group's business.