Wasion Holdings Limited Secures BRL138 Million Power Grid Contract in Brazil: Key Growth Catalyst for Shareholders

Key Highlights

• Wasion Holdings Limited (Stock Code: 3393) announced that its Brazilian subsidiary, WASION ENERGIA DO BRASIL LTDA (“Wasion Energy Brazil”), has secured a substantial supply contract through a public tender with Companhia Energética de Minas Gerais S.A. (“CEMIG”), one of Brazil’s largest and most influential power companies.
• The total contract value is approximately BRL138 million (equivalent to about RMB182.2 million or HKD206.48 million), with deliveries scheduled in batches over the next two years.
• Wasion Energy Brazil has been appointed as the sole supplier for reclosers to CEMIG, securing a 100% market share for this product segment during the contract period.
• This win marks a significant milestone for Wasion Holdings, as CEMIG is a highly regarded, publicly listed integrated power company with listings on the stock exchanges in São Paulo, New York, and Madrid.

Details and Strategic Implications

The contract involves the supply of reclosers, which are core components of Wasion’s smart grid solutions portfolio. Reclosers are critical for enhancing the automation and reliability of power distribution networks, positioning Wasion Holdings at the forefront of smart power distribution technology.

The Board of Directors emphasized that this achievement not only reaffirms the international competitiveness of Wasion’s products but is also expected to deliver stable revenue and profit contributions to the Group over the next two years. Importantly, winning this tender as the exclusive supplier consolidates Wasion’s position in the Brazilian market and lays the groundwork for future expansion across South America.

The recognition by CEMIG—a leading utility in Brazil and the broader South American region—serves as a significant endorsement of Wasion’s technological capabilities and product quality. This is expected to bolster the Group’s brand image and expand its influence in the global smart grid market.

Potentially Price-Sensitive Information for Shareholders

• Substantial Revenue Contribution: The BRL138 million contract could have a material impact on Wasion Holdings’ financial performance over the next two years, offering revenue visibility and potential earnings growth.
• Exclusive Supplier Status: Achieving a 100% share of CEMIG’s recloser supply contract not only secures the business but also demonstrates Wasion’s competitive edge and strengthens its market leadership in Brazil.
• Strategic Market Expansion: This win significantly enhances Wasion’s prospects in South America, providing a solid foundation for further regional expansion and potentially more contract wins.
• Global Brand Recognition: The endorsement by a top-tier, internationally listed power company may elevate Wasion’s reputation and open doors for collaborations with other major utilities.

Corporate Governance and Assurance

The announcement was made by the Board of Wasion Holdings Limited, with all Directors jointly and severally accepting responsibility for the accuracy of the information disclosed. The current Board comprises a strong mix of executive, non-executive, and independent non-executive directors, supporting robust corporate governance.

Conclusion

The successful bid in Brazil is a clear signal to investors that Wasion Holdings is making significant inroads into international markets and is well-positioned for future growth. The contract’s scale, exclusivity, and strategic implications are likely to be viewed positively by the market and could be a catalyst for share price re-rating in the near term.

Disclaimer: The above article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult professional advisors before making any investment decisions. The article is based on information disclosed in the company’s official announcement as of 17 March 2026. Market conditions and company performance may change, affecting outcomes and projections.

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