Risecomm Group Holdings Limited

Commenced Trading on the Main Board of SEHK

(Hong Kong, 9 June 2017) Shares of Risecomm Group Holdings Limited (“Risecomm” or the “Group”; Stock Code: 1679), the third largest PLC technology company in China, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today.

The closing price of Risecomm was HK$2.06 per share today, representing an increase of 106%when compared to the offer price of HK$1.0 per share. The total transaction amount was approximately HK$193 million.

Mr. Wang Shiguang, Chairman and Executive Director of Risecomm, said, “As a fabless PLC technology company, the Group has been focusing on PLC IC design and R&D of PLC technology. After a decade’s hard work, it has become one of the largest PLC IC suppliers in China. The listing on the Main Board of HKEx marks another important milestone in the Group’s development. It will not only enhance the Group’s capital strength, but will also provide an ideal platform for the Group to speed up business development.”

Mr. Yue Jingxing, Executive Director and Chief Executive Officer of Risecomm, said, “Looking ahead, we will continue to expand and consolidate our PLC technology and R&D capability. Apart from enhancing the competitiveness of AMR products and taking them into more new geographic markets, we will also hasten growth of our smart energy management business. Armed with extensive industry experience, a proven track record and dedicated management team, we are ready to seize market opportunities and expand market coverage, in the hope of bringing satisfactory returns to investors.”

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