ICO Group Limited — Capital/Financing Update 2022

Nov 3, 2022

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 <==

==> picture [187 x 9] intentionally omitted <==

----- Start of picture text -----

(Incorporated in Bermuda with limited liability)
----- End of picture text -----

(Stock Code : 630)

DELAY IN DESPATCH OF THE CIRCULAR IN RELATION TO PROPOSED RIGHTS ISSUE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY ONE (1) EXISTING SHARE HELD ON RECORD DATE

Reference is made to the announcement of the Company dated 11 October 2022 regarding, among others, the proposed Rights Issue (the “ Announcement ”). Unless otherwise stated, all capitalised terms used herein shall have the same meanings as those defined in the Announcement.

DELAY IN DESPATCH OF THE CIRCULAR

As disclosed in the Announcement, it was expected that a circular containing, among other things, (i) further details of the Rights Issue; (ii) a letter of recommendation from the Independent Board Committee to the Independent Shareholders; (iii) a letter of advice from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders in relation to the Rights Issue; and (iv) a notice convening the SGM (the “ Circular ”) will be despatched by the Company to the Shareholders on or before Thursday, 3 November 2022.

As additional time is required to finalise certain information contained in the Circular in relation to the Rights Issue, it is expected that the despatch date of the Circular will be postponed to a date on or before Thursday, 10 November 2022 and the closure of register of members of the Company will be changed accordingly.

• For identification purposes only

1

REVISED EXPECTED TIMETABLE OF THE RIGHTS ISSUE

In view of the delay in despatch of the Circular, the expected timetable for the Rights Issue is to be revised as below:

2022

Expected despatch date of circular with notice and form of proxy for the SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 10 November Latest time for lodging transfers of Shares to qualify for attendance and voting at the SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Thursday, 24 November Closure of register of members of the Company for attending the SGM (both dates inclusive). . . . . . . . . . . . . . . . . . . . . . . . . Friday, 25 November to Thursday, 1 December Latest time for lodging forms of proxy for the purpose of the SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11:00 a.m. on Tuesday, 29 November Record date for determining attendance and voting at the SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 1 December Expected date and time of the SGM . . . . . . . . . . . . . . . . . . .11:00 a.m. on Thursday, 1 December Announcement of poll results of the SGM . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 1 December Register of members of the Company re-opens . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 2 December Last day of dealings in the Shares on a cum-rights basis relating to the Rights Issue . . . . . . . . . . . . . . . . . . . . . Friday, 2 December First day of dealings in the Shares on an ex-rights basis relating to the Rights Issue. . . . . . . . . . . . . . . . . . . . . Monday, 5 December Latest time for the Shareholders to lodge transfer documents of the Shares in order to be qualified for the Rights Issue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Tuesday, 6 December Closure of the register of members of the Company for the Rights Issue (both dates inclusive) . . . . . . . . . . . . . . . . . . . . . Wednesday, 7 December to Tuesday, 13 December Record Date for determining entitlements to the Rights Issue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 13 December

2

2022

Register of members of the Company re-opens . . . . . . . . . . . . . . . . . . . . Wednesday, 14 December Prospectus Documents expected to be despatched. . . . . . . . . . . . . . . . . . Wednesday, 14 December First day of dealings in Nil Paid Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . Friday, 16 December Latest time for splitting of the PAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Tuesday, 20 December Last day of dealings in Nil Paid Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . Friday, 23 December Latest time to lodge transfer documents of nil-paid Rights Shares in order to quality for the payment of Net Gain. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Friday, 30 December Latest time of acceptance of and payment for the Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Friday, 30 December 2023 Announcement of the number of the Unsubscribed Rights Shares and ES Unsold Rights Shares subject to the Compensatory Arrangements. . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 5 January Commencement of placing of Unsubscribed Rights Shares and ES Unsold Rights Shares by the Placing Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 6 January Latest time of placing of the Unsubscribed Rights Shares and ES Unsold Rights Shares by the Placing Agent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6:00 p.m. on Tuesday, 10 January Latest time for the Rights Issue and placing of the Unsubscribed Rights Shares and ES Unsold Rights Shares to become unconditional . . . . . . . . . . . . . . . . . . . . . . . . . . Wednesday, 11 January Announcement of the results of Rights Issue (including results of the placing of Unsubscribed Rights Shares and the ES Unsold Rights Shares and the amount of the Net Gain per Unsubscribed Rights Share and the ES Unsold Rights Shares under the Compensatory Arrangements) to be posted on the Stock Exchange’s website and the Company’s website . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 12 January

3

2023

Refund cheques, if any, to be despatched

(if the Rights Issue does not proceed) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 13 January

Share certificates for fully-paid Rights Shares to be despatched. . . . . . . . . . . . . Friday, 13 January

Expected commencement of dealings in

fully-paid Rights Shares. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Monday, 16 January

Payment of the Net Gain to relevant

No Action Shareholders (if any) or

Excluded Shareholders (if any) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Wednesday, 1 February

All times and dates in this announcement refer to Hong Kong local times and dates.

Dates or deadlines specified in the expected timetable above or in other parts of this announcement are indicative only and may be extended or varied by the Company. Any changes to the expected timetable will be published or notified to the Shareholders and the Stock Exchange as and when appropriate.

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

Hong Kong, 3 November 2022

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.

4