ICO Group Limited — Board/Management Information 2018

Mar 15, 2018

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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(Incorporated in Bermuda with limited liability)

(Stock Code : 630)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS, CHAIRMAN OF AUDIT COMMITTEE AND MEMBER OF AUDIT COMMITTEE, REMUNERATION COMMITTEE AND NOMINATION COMMITTEE

The board (the “ Board ”) of directors (each, a “ Director ”) of AMCO United Holding Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that (i) Mr. Au Yeung Ming Yin Gordon (“ Mr. Au Yeung ”) has been appointed as an independent non-executive Director, the chairman of the audit committee of the Board and a member of the remuneration committee of the Board; and (ii) Mr. Guo Zhenhui (“ Mr. Guo ”) has been appointed as an independent non-executive Director and a member of each of the audit committee and nomination committee of the Board, with effect from 15 March 2018. The biographical details of each of Mr. Au Yeung and Mr. Guo are set out below:

Mr. Au Yeung, aged 42, is the company secretary of Success Dragon International Holdings Limited (stock code: 1182) since October 2017. He is also the company secretary of On Real International Holdings Limited (stock code: 8245) since August 2017. He has been the chief financial officer and company secretary of Huge China Holdings Limited (stock code: 428) since May 2015 until August 2017. He has over 20 years of experience in the areas of accounting, taxation, finance and auditing. Since May 2000, Mr. Au Yeung held management positions in an accounting team in ASR Logistics Holdings Limited (stock code: 1803) until January 2015.

Mr. Au Yeung is a member of the Hong Kong Institute of Certified Public Accountants. He obtained a degree in Bachelor of Business (Business Administration) from the RMIT University in Australia and a post-graduate diploma in Professional Accounting from the Hong Kong Baptist University.

• For identification purposes only

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Pursuant to the letter of appointment entered into between the Company and Mr. Au Yeung, Mr. Au Yeung has been appointed for a term of three years from 15 March 2018, subject to retirement by rotation and re-election and other related provisions as stipulated in the bye-laws of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”). Mr. Au Yeung is entitled to receive an annual director’s remuneration of HK$216,000 (which was determined by the Board having regard to the recommendation of the remuneration committee of the Board and with reference to prevailing market conditions, the experience and the relevant duties and responsibilities of Mr. Au Yeung).

As at the date of this announcement, Mr. Au Yeung is not interested in any shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (“ SFO ”) (Chapter 571 of the Laws of Hong Kong).

As at the date of this announcement, save as disclosed above, (i) Mr. Au Yeung has not held any other major appointment and qualifications or any directorship in other listed companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (ii) Mr. Au Yeung does not hold any other positions with the Company or other members of the Group; (iii) Mr. Au Yeung does not have any relationship with any Directors, senior management, substantial or controlling shareholders (having the meaning ascribed to it in the Listing Rules) of the Company; and (iv) there is no further information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Listing Rules nor any other matters that need to be brought to the attention of the shareholders of the Company in relation to the appointment of Mr. Au Yeung.

Mr. Guo, aged 54, held managerial positions of companies incorporated in the People’s Republic of China which engage in manufacturing electronic parts. He has over 35 years of experience in manufacturing and management.

Pursuant to the letter of appointment entered into between the Company and Mr. Guo, Mr. Guo has been appointed for a term of three years from 15 March 2018, subject to retirement by rotation and re-election and other related provisions as stipulated in the bye-laws of the Company and the Listing Rules. Mr. Guo is entitled to receive an annual director’s remuneration of HK$96,000 (which was determined by the Board having regard to the recommendation of the remuneration committee of the Board and with reference to prevailing market conditions, the experience and the relevant duties and responsibilities of Mr. Guo).

As at the date of this announcement, Mr. Guo is not interested in any shares of the Company within the meaning of Part XV of the SFO.

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As at the date of this announcement, save as disclosed above, (i) Mr. Guo has not held any other major appointment and qualifications or any directorship in other listed companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (ii) Mr. Guo does not hold any other positions with the Company or other members of the Group; (iii) Mr. Guo does not have any relationship with any Directors, senior management, substantial or controlling shareholders (having the meaning ascribed to it in the Listing Rules) of the Company; and (iv) there is no further information to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Listing Rules nor any other matters that need to be brought to the attention of the shareholders of the Company in relation to the appointment of Mr. Guo.

The Board would like to extend a warm welcome to each of Mr. Au Yeung and Mr. Guo to join the Company.

COMPLIANCE WITH RULES 3.10(1), 3.10(2), 3.21 AND 3.25 OF THE LISTING RULES AND CODE PROVISION A.5.1 OF THE CORPORATE GOVERNANCE CODE AS SET OUT IN APPENDIX 14 TO THE LISTING RULES

References are made to the announcements of the Company dated 27 December 2017 and 9 March 2018 in relation to, among other things, the Company’s non-compliance with certain requirements with respect to the Board composition pursuant to the Listing Rules.

Following the appointment of Mr. Au Yeung and Mr. Guo, the Company has fully complied with the requirements under Rules 3.10(1), 3.10(2), 3.21 and 3.25 of the Listing Rules and code provision A.5.1 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules.

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

Hong Kong, 15 March 2018

As at the date of this announcement, Mr. Zhang Hengxin and Mr. Jia Minghui are the Executive Directors; and Mr. Chan Tsz Keung, Mr. Au Yeung Ming Yin Gordon and Mr. Guo Zhenhui are the Independent Non-executive Directors.

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