The board of directors of HyComm Wireless Limited announced that with effect from 10 September 2014, Mr. Zhang Zhenan has been appointed as the chairman and an executive director of the company; Mr. Xing Luzheng has been appointed as the vice-chairman and an executive director of the company; and Mr. Zhang Lianqing has been appointed as the chief executive officer and an executive director of the company. Mr. Xing is currently a director and the general manager of Qingdao Chengtou. He is also a director of China Qingdao Development, China Qingdao Holdings and China Qingdao International.

Mr. Xing has previously served as the president of the Shibei sub-branch of the Qingdao branch of China Everbright Bank. Mr. Xing has more than 20 years of experience in financial investment and corporate management. Mr. Xing is currently a director and the general manager of Qingdao Chengtou.

He is also a director of China Qingdao Development, China Qingdao Holdings and China Qingdao International. Mr. Xing has previously served as the president of the Shibei sub-branch of the Qingdao branch of China Everbright Bank. Mr. Xing has more than 20 years of experience in financial investment and corporate management.

Mr. Zhang is currently a director of China Qingdao Holdings and China Qingdao International, and a director and the general manager of China Qingdao Development. Mr. Zhang has more than 15 years of experience in investment, trading and corporate management. The Board further announced that, with effect from 10 September 2014, Mr. Liu Shun Chuen has ceased to be the chairman of the company and he will focus more of his time on his other roles as an executive director and the chairman of the Nomination Committee of the company.

Mr. Liu has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation as the chairman of the company that needs to be brought to the attention of the shareholders of the company.