Able Engineering Holdings Limited — Board/Management Information 2021

Jun 23, 2021

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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ABLE ENGINEERING HOLDINGS LIMITED 安 保 工 程 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1627)

RETIREMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND

CHANGES IN COMPOSITION OF THE BOARD COMMITTEES

RETIREMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

The Board (the “ Board ”) of Directors (the “ Director(s) ”) of Able Engineering Holdings Limited (the “ Company ”) announces Ms. LEUNG Yuen Shan Maisy (“ Ms. LEUNG ”, an Independent Non-executive Director of the Company (“ INED ”), who will hold office until the later of 31 August 2021 or the conclusion of the annual general meeting of the Company to be held on 26 August 2021) has informed the Board that she will retire as an INED after the end of her current service contract, due to her other personal commitment. Accordingly, Ms. LEUNG will retire as an INED and cease to be the chairman of the audit committee of the Company (the “ Audit Committee ”), and as a member of the remuneration committee of the Company (the “ Remuneration Committee ”) and the nomination committee of the Company (the “ Nomination Committee ”, together with the Audit Committee and the Remuneration Committee, the “ Board Committees ”)) at the end of her current service contract.

Ms. LEUNG has confirmed that she is not aware of any matter relating to her retirement that needs to be brought to the attention of the shareholders of the Company (the “ Shareholders ”). She has also confirmed that she is not aware of any disagreement with the Board.

Ms. LEUNG has been serving the Board for over 4 years since her appointment on 18 January 2017. The Chairman and the Board would like to express their gratitude to Ms. LEUNG for her invaluable contributions as an INED and offer their best wishes to her.

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CHANGES IN COMPOSITION OF THE BOARD COMMITTEES

Following the retirement of Ms. LEUNG as an INED at 31 August 2021, the following changes in composition of the Board Committees will take effect from 1 September 2021:

1. Audit Committee:

• Ms. LEUNG will retire and cease to be the chairman.

1. Remuneration Committee:

   • Ms. LEUNG will retire and cease to be a member.

3. Nomination Committee:

• Ms. LEUNG will retire and cease to be a member.

The Company is in the process of identifying suitable candidate to fill in the vacancy of the chairman of the Audit Committee due to the retirement of Ms. LEUNG. Further announcement will be made once the new chairman of the Audit Committee is appointed.

By Order of the Board ABLE ENGINEERING HOLDINGS LIMITED NGAI Chun Hung Chairman

Hong Kong, 23 June 2021

As at the date of this announcement, the Board comprises the following Directors:

Executive Directors Independent Non-executive Directors Mr. NGAI Chun Hung Prof. KO Jan Ming Mr. CHEUNG Ho Yuen Dr. LEE Man Piu, Albert Mr. IP Yik Nam Dr. LI Yok Sheung Mr. LAU Chi Fai, Daniel Ms. LEUNG Yuen Shan Maisy Mr. YAU Kwok Fai Ms. MAK Suk Hing Mr. MONG Chan

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