ICO Group Limited — Board/Management Information 2018

Mar 9, 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.

==> picture [58 x 24] intentionally omitted <==

==> picture [58 x 23] intentionally omitted <==

==> picture [215 x 71] intentionally omitted <==

(Incorporated in Bermuda with limited liability)

(Stock Code : 630)

PASS AWAY OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the “ Board ”) of directors (the “ Directors ”) of AMCO United Holding Limited (the Company ”) regrets to announce that Mr. Wong Siu Ki (“ Mr. Wong ”), an independent non-executive Director, the chairman of the audit committee (“ Audit Committee ”) of the Board and a member of each of the remuneration committee (“ Remuneration Committee ”) and the nomination committee (“ Nomination Committee ”) of the Board, passed away on 7 March 2018.

Mr. Wong made invaluable contributions to the Company during his tenure of service. The Board would like to express its sincere gratitude to the late Mr. Wong for his dedication and contributions. The Board further expresses its deepest sorrow for his departure and conveys its deepest condolences to his family.

Following the pass away of Mr. Wong, the Company is not in compliance with (i) Rule 3.10(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”), which stipulates that the Board shall comprise at least three independent non-executive directors; (ii) Rule 3.10(2), which stipulates that at least one of the independent non-executive directors must have appropriate professional qualifications or accounting or related financial management expertise; (iii) Rule 3.21, which stipulates that the audit committee shall comprise at least three members, that at least one of whom is an independent non-executive director with appropriate professional qualifications or accounting or related financial management expertise as required under Rule 3.10(2) and that the audit committee must be chaired by an independent non-executive director; (iv) Rule 3.25, which stipulates that the remuneration committee shall comprise a majority of independent non-executive directors; and (v) code provision A.5.1 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules, which stipulates that the number of independent non-executive directors shall represent the majority of the nomination committee. The Company is endeavouring to identify suitable candidate to fill the vacancy as soon as practicable, with the relevant appointment(s) to be

• For identification purposes only

1

made within three months from the date of pass away of Mr. Wong 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, 9 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 is the Independent Non-executive Director.

2