Basic House New Life Group Limited — Board/Management Information 2017

Nov 6, 2017

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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AL Group Limited 利 駿 集 團（ 香 港 ）有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8360)

RE-DESIGNATION OF NON-EXECUTIVE DIRECTOR TO EXECUTIVE DIRECTOR

The board (the ‘‘Board’’) of the directors (the ‘‘Directors’’) of AL Group Limited (the ‘‘Company’’) hereby announces that Mr. Wong Kang Man (‘‘Mr. Wong’’) has been re-designated from a nonexecutive Director to executive Director of the Company with effect from 6 November 2017.

Mr. Wong, age 34, joined the Group in March 2017 and is also a member of nomination committee of the Board of the Company. Mr. Wong has 11 years of experience in electrical and manufacturing engineering and interior design. Mr. Wong is currently a director of Ace Architectural and Interior Design Limited (a non wholly-owned subsidiary of the Company), a company principally engaged in interior design business in Hong Kong. Since October 2012, Mr. Wong has been the director of sales & marketing at TSBE Design Consultant Limited, an interior design firm in Hong Kong. In August 2007, Mr. Wong joined Myron L Company based in San Diego, California USA, as an electrical engineer where over a period of five years had directed teams of over 150 workers and 10 engineers to work on electrical and product engineering projects.

Mr. Wong received a Bachelor of Science degree in Electrical Engineering from the University of California, San Diego USA, in May 2007.

Mr. Wong has entered into a service agreement with the Company on 6 November 2017 for a term of one year with an annual director’s fee of HK$240,000, which was determined with reference to his duties and responsibilities, the Company’s remuneration policy and the prevailing market conditions. Mr. Wong’s remuneration will be subject to annual review by the remuneration committee of the Board and the Board from time to time with reference to his responsibility and performance.

Mr. Wong shall hold office until the next general meeting of the Company and will be eligible for and subject to re-election at such meeting in accordance with the articles of association of the Company.

Save as disclosed in this announcement, Mr. Wong does not hold any other position in the Company or its subsidiaries nor any directorship in other listed public company in the last three years.

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Mr. Wong does not have any relationship with any Directors, senior management, substantial or controlling shareholders (as defined under the GEM Listing Rules) of the Company.

Further, Mr. Wong does not have, and is not deemed to have, any interests or short positions in any shares, underlying shares or debentures (within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong)) (the ‘‘SFO’’) of the Company as at the date of this announcement.

Save as disclosed above, there was no matter relating to the re-designation of Mr. Wong that needs to be brought to the attention of the shareholders and there is no other information which is required to be disclosed pursuant to any requirements of Rules 17.50(2) (h) to (v) of the GEM Listing Rules.

By Order of the Board AL Group Limited Yau Chung Ping Chief Executive Officer and Executive Director

Hong Kong, 6 November 2017

As at the date of this announcement, the executive Directors are Mr. Yau Chung Ping, Mr. Lam Chung Ho, Alastair and Mr. Wong Kang Man; and the independent non-executive Directors are Ms. Lee Hau Yan, Hannah, Mr. Tse Chi Shing and Mr. Kloeden Daniel Dieter.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the ‘‘Latest Company Announcements’’ page on the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company’s website at www. AL-Grp.com.

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