Wison Engineering Services Co. Ltd. — Earnings Release 2024

Jul 31, 2024

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.

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WISON ENGINEERING SERVICES CO. LTD. 惠 生 工 程 技 術 服 務 有 限 公 司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 2236)

PROFIT ALERT — REDUCTION IN LOSS

This announcement is made by Wison Engineering Services Co. Ltd. (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) pursuant to the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’).

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of the Company would like to inform the shareholders of the Company (the ‘‘Shareholders’’) and potential investors that based on the preliminary assessment of the Board with reference to the unaudited consolidated management accounts of the Group for the six months ended 30 June 2024 (the ‘‘Period’’) and other information currently available to the Board, it is expected that the loss for the Period of the Group will reduce substantially to not more than RMB50 million as compared to a loss of approximately RMB108 million for the six months ended 30 June 2023.

The estimated narrowed loss is primarily attributable to (i) compensation received as a result of a successful claim against a subcontractor; and (ii) the decrease in depreciation and amortization expenses resulting from the change in property nature of the office building and leasehold land held by the Group from fixed asset to investment property.

However, the expected loss was mainly due to the provision for impairment on financial and contract assets of the Group. The Board wishes to emphasis that the above-mentioned provision made is non-cash in nature and would not have any impact on the cash flow of the Group.

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In the second half of 2024, the Company will continuously take actions to improve its operational efficiency, with the established proactive operational cost and expense control measures. Considering the efforts made by the Group and the positive progress of projects on hand, the Company remains positive in the growing prospects of its business.

As the Company is still in the process of preparing and finalizing the consolidated financial statements of the Group for the six months ended 30 June 2024, the information contained in this announcement (a) is only a preliminary assessment by the Board based on the unaudited consolidated management accounts of the Group which have not been reviewed by the Company’s auditor and the audit committee; and (b) may be subject to finalization and adjustments upon further review.

Further details of the financial information of the Group for the six months ended 30 June 2024 will be published pursuant to the requirements of the Listing Rules.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Wison Engineering Services Co. Ltd. Zhou Hongliang Executive Director and Chief Executive Officer

Hong Kong, 31 July 2024

As at the date of this announcement, the executive Directors of the Company are Mr. Zhou Hongliang and Mr. Zheng Shifeng; the non-executive Director and Chairman of the Company is Mr. Liu Hongjun; and the independent non-executive Directors of the Company are Mr. Lawrence Lee, Mr. Tang Shisheng and Mr. Feng Guohua.

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