Wasion : UNAUDITED FINANCIAL INFORMATION OF WILLFAR INFORMATION TECHNOLOGY COMPANY LIMITED FOR THE THREE MONTHS ENDED 31 MARCH 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3393)

UNAUDITED FINANCIAL INFORMATION OF

WILLFAR INFORMATION TECHNOLOGY COMPANY LIMITED

FOR THE THREE MONTHS ENDED 31 MARCH 2021

Set out below is the key unaudited financial information of Willfar Information Technology Company Limited (''Willfar Information Technology'') for the three months ended 31 March 2021. Willfar Information Technology is owned as to approximately 58.5% by Wasion Holdings Limited (the ''Company'') as at 31 March 2021 and its results are consolidated with the financial statements of the Company. The shares of Willfar Information Technology are listed on the science and technology innovation board of the Shanghai Stock Exchange.

	For the three	For the three
	months ended	months ended
	31 March 2021	31 March 2020	Change
	RMB'000	RMB'000	%
Revenue	315,686.7	238,901.8	32.14
Profit	53,120.9	32,810.6	61.90
Net profit attributable to equity owners of
Willfar Information Technology	53,120.9	32,713.7	62.38

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	31 March	31 December
	2021	2020	Change
	RMB'000	RMB'000	%
Total assets	3,236,868.7	3,284,633.8	-1.45
Share capital	500,000	500,000	Nil
Equity attributable to equity owners of
Willfar Information Technology	2,408,110.6	2,354,989.7	2.26

Shareholders and investors are reminded that the financial information above was prepared in accordance with PRC accounting standards and are limited solely to the operation of Willfar Information Technology and its controlled subsidiary and are unrelated to the other subsidiaries of the Group. Such information is unaudited, and does not (a) exclude intra-group transactions, (b) include all the business of the Group, and (c) represent or provide a full picture of the operation or status of the Group. Shareholders and potential investors of the Company are reminded to exercise caution when dealing in the securities of the Company.

By order of the Board

Wasion Holdings Limited

Ji Wei

Chairman

Hong Kong, 20 April 2021

As at the date of this announcement, the Board comprises Mr. Ji Wei, Ms. Cao Zhao Hui, Ms. Li Hong, Ms. Zheng Xiao Ping and Mr. Tian Zhongping as executive directors of the Company, Mr. Kat Chit as non-executive director of the Company and Mr. Chan Cheong Tat, Mr. Luan Wenpeng, Mr. Cheng Shi Jie and Mr. Wang Yaonan as independent non- executive directors of the Company.

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