Wasion Holdings Subsidiary Secures Approximately BRL 110 Million Recloser Supply Agreement with Equatorial Energia

Stock News08-06

Wasion Holdings Ltd (03393.HK) announced that its subsidiary, formed through Wasion's indirect arm Wasion Energia do Brasil Ltda, has successfully secured a recloser supply contract with Equatorial Energia in August 2026. The total contract value is approximately BRL 110 million (equivalent to around RMB 145 million or approximately HKD 168 million).

Equatorial Energia stands as one of Brazil's largest integrated infrastructure and comprehensive energy groups, and is a highly representative comprehensive utility company in the Latin American capital market. It holds a core position across multiple sectors in Brazil, including power distribution, transmission, renewable energy generation, energy trading, and water supply/basic sanitation.

The recloser is a key product within the Wasion group's smart grid solutions, designed to enhance the automation level of distribution networks and improve power supply reliability. The board believes that winning this bid will further strengthen the group's business foundation in overseas markets and have a positive impact on its long-term development.

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