4 January 2017

      Dissemination of a Regulatory Announcement that contains inside information  
                    according to REGULATION (EU) No 596/2014 (MAR)                 

                                 WALCOM GROUP LIMITED                              
                              ("Walcom" or "the Company")                          

                                Resignation of Director                            

    Walcom announces that Professor Hong Xun Yang, Chief Technical Officer and
    Chief Operating Officer of the Company in the Peoples Republic of China (the
    "PRC") and a director of the Company, has today tendered his resignation from
    the Board, effective 6 February 2017, when he will be 60 years of age and
    reaches the official retirement age in the PRC.

    The Company will be appointing MrPaitoon Buddhinunta-opas, currently general
    manager of Walcom Thailand, to assme Professor Yang's duties within Walcom. 
    However, Mr Paitoon will not be joining the board of Walcom and it is not
    intended to appoint an additional director to the board of the Company at the
    current time.

    The board of the Company thanks Professor Yang for his service to the Company
    since he joined in 2007 and wishes him well for his retirement.

    Further enquiries:

    Walcom Group Limited                  +852 2494 0133                       
    Francis Chi (Chief Executive Officer)                                      
    Albert Wong (Chief Financial Officer)                                      
                                                                               
    Allenby Capital Limited               +44 20 3328 5656                     
    David Hart