WASION HOLDINGS (03393) announced that the company has submitted a proposal for the recommended spinoff to the Hong Kong Stock Exchange in accordance with Application Guidance 15 of the listing rules, and the HKEX has confirmed that the company may proceed with the proposed spinoff. On January 27, 2026, Weiyuan Energy, through its sole sponsor, submitted the A1 listing application form to the HKEX, applying for the listing and trading of Weiyuan Energy shares on the Main Board of the HKEX. The proposed spinoff is currently intended to be carried out through a global offering of Weiyuan Energy shares on the Main Board of the HKEX. As of the date of this announcement, Weiyuan Energy is a non-wholly-owned subsidiary of the company; it is a digital energy solutions provider focused on three core areas: smart power distribution grids, data centers, and new types of energy storage, having established a solid position in the Chinese market while continuously expanding its global business footprint. Following the completion of the proposed spinoff, Weiyuan Energy is expected to remain a subsidiary of the company.