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(Incorporated in Hong Kong with limited liability)

(Stock Code: 21) RESIGNATION OF AUDITOR

The Board announces that Grant Thornton has resigned as the auditor of the Group with effect from 17
January 2012.
The board of directors (the "Board") of Waytung Global Group Limited (the "Company", and together with its subsidiaries, the "Group") hereby announces that Grant Thornton Jingdu Tianhua ("Grant Thornton") has resigned as the Group's auditor with effect from 17 January 2012 as the Company could not reach consensus with Grant Thornton on the audit fee for the year ended 31 December 2011. Grant Thornton has confirmed that there are no matters or circumstances connected with its resignation that need to be brought to the attention of holders of securities of the Company or members or creditors of the Group.
The Board confirms that there are no matters in respect of the change of the auditor which they consider should be brought to the attention of the holders of securities of the Company or members or creditors of the Group.
The Company is currently in the process of identifying a suitable replacement to fill the vacancy following the resignation of Grant Thornton and further announcement will be made by the Company in due course in relation to the appointment of the new auditors of the Group.
Hong Kong, 18 January 2012
By order of the Board Waytung Global Group Limited Huang Shih Tsai

Chairman

As at the date of this announcement, the Board comprises one Non-executive Director, namely Mr. Huang Shih Tsai (Chairman), one Executive Director, namely Ms. Huang Wenxi (Chief Executive Officer), three Independent Non-executive Directors, namely Mr. Cheng Hong Kei, Mr. Leung Kwan, Hermann and Mr. Lum Pak Sum.