Wasion : Announcements and Notices - Business and Other Updates

43213-01A 1..2

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)

BUSINESS AND OTHER UPDATES

The board of directors (the ''Board'') of Wasion Group Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') wishes to inform the shareholders of the Company and potential investors that based on the latest information available to the Board, the revenue of the Group for the year ended 31 December 2015 is expected to be maintained at the level not less than that of 2014, with net profit of not less than RMB400 million.

The Board would also like to inform the shareholders and potential investors that the Group's operation is normal and the financial and cash positions of the Group are sound and healthy. The Board expects that the Company will maintain the same dividend payout rate for the year ended 31 December 2015 as that of 2014. The Company is currently considering the introduction of a share award plan to reward its management and other employees on their past and continuous contribution to the development of the Group. Further announcement will be made by the Company when the share award plan is adopted by the Company and approved by the Board.

The information contained in this announcement is based on the preliminary review of the latest management accounts of the Group and information available to the Group which is still subject to possible adjustment arising from further internal review by the Board and audit by the auditors of the Company. The audited annual results of the Group for the year ending 31 December 2015 have not yet been finalized and are expected to be announced in March 2016. Shareholders and potential investors are reminded to exercise caution when dealing in the shares of the Company.

By Order of the Board

Wasion Group Holdings Limited Cao Zhao Hui

Executive Director

Hong Kong, 29 January 2016

As at the date of this announcement, the Board comprises Mr. Ji Wei, Ms. Cao Zhao Hui, Mr. Zeng Xin, Ms. Zheng Xiao Ping, Mr. Wang Xue Xin and Ms. Li Hong as executive directors of the Company, Mr. Kat Chit as non-executive director of the Company and Mr. Wu Jin Ming, Mr. Pan Yuan, Mr. Cheng Shi Jie and Mr. Hui Wing Kuen as independent non- executive directors of the Company.