ICO Group Limited — Board/Management Information 2017

Jul 27, 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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RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, CHAIRMAN OF REMUNERATION COMMITTEE AND AUDIT COMMITTEE’S AND NOMINATION COMMITTEE’S MEMBER

The board (the “ Board ”) of directors (the “ Directors ”) of AMCO United Holding Limited (the “ Company ”) announces that Mr. Chan Ngai Sang Kenny (“ Mr. Chan ”) has resigned as an independent non-executive Director with effect from 1 August 2017 as he wishes to allocate more time to his personal commitments. Accordingly, Mr. Chan will also cease to be the chairman of the remuneration committee (the “ Remuneration Committee ”) of the Board, and a member of each of the audit committee (the “ Audit Committee ”) and nomination committee (the “ Nomination Committee ”) of the Board as from 1 August 2017.

Mr. Chan has confirmed that he does not have any disagreement with the Board and there is no matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board would like to thank Mr. Chan for his valuable contribution towards the Company during his tenure of office.

Following the resignation of Mr. Chan, the number of independent non-executive Directors and the members of the Audit Committee will fall below the minimum number required under Rules 3.10(1) and 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the required composition of the Remuneration Committee will fall below the requirement under Rule 3.25 of the Listing

* For identification purposes only

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Rules. The Company is endeavouring to identify suitable candidate to fill the vacancy as soon as practicable, with the relevant appointment(s) to be made within three months from the effective date of Mr. Chan’s resignation as required under Rules 3.11, 3.23 and 3.27 of the Listing Rules. The Company will make further announcement as and when appropriate.

By order of the Board AMCO United Holding Limited ZHANG Hengxin Chairman and Managing Director

Hong Kong, 27 July 2017

As at the date of this announcement, Mr. Zhang Hengxin, Mr. Peng Shiyuan and Mr. Jia Minghui are the Executive Directors; and Mr. Wong Siu Ki, Mr. Chan Ngai Sang Kenny and Mr. Li Kwok Fat are the Independent Non-executive Directors.

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